Geofoam Market - By Product (EPS Geofoam, XPS Geofoam), By Application (Void Fill, Slope Stabilization, Embankments, Retaining Structures, Insulation, and Others), By End Use (Road & Railways, Building & Construction) & Global Forecast, 2024 - 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Geofoam Market - By Product (EPS Geofoam, XPS Geofoam), By Application (Void Fill, Slope Stabilization, Embankments, Retaining Structures, Insulation, and Others), By End Use (Road & Railways, Building & Construction) & Global Forecast, 2024 - 2032
Geofoam Market - By Product (EPS Geofoam, XPS Geofoam), By Application (Void Fill, Slope Stabilization, Embankments, Retaining Structures, Insulation, and Others), By End Use (Road & Railways, Building & Construction) & Global Forecast, 2024 - 2032
Geofoam Market Size
Geofoam Market size was recorded at USD 769 million in revenue in 2023. Driven by a positive approach towards renewable construction projects, the industry is expected to grow at more than 7.4% CAGR from 2024 to 2032.
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Increasing infrastructural expenditure around the world is poised to offer several opportunities for product penetration. Geofoam is widely used in the construction of buildings and roadways, wherein it helps construction companies cut costs and provide thermal insulation.
Meanwhile, Europe’s construction industry is reviving from an economic slowdown and in some parts of the region, the sector is driving the regional economy. This revival of the economy is also accelerating product adoption in the domestic building & construction sector. For instance, in July 2022, the NextGenerationEU initiative is projected to aid Europe in recovering from the pandemic and working towards its Green Deal target to achieve carbon neutrality by 2050.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Geofoam Market Size in 2023 | USD 769 Million |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 7.4% |
| 2032 Value Projection | USD 1.44 Billion |
| Historical Data for | 2018 to 2023 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 481 |
| Segments covered | Product, Application, End-use, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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High prices of geofoam to restrain industry progression
High prices of geofoam are likely to hamper the market growth in price-sensitive industries. The cost of geofoam can be three or four times more than traditional soil fills, which has restricted product uptake in industries that have different alternatives and price ranges available. Nonetheless, various acquisition opportunities are slated to aid industry participants in expanding their product portfolio and reaching a wide customer base, overcoming this restraint.
Geofoam Market Analysis
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In terms of product, the geofoam market is categorized into EPS geofoam and XPS geofoam beet. The high availability of expanded polystyrene geofoam is foreseen to drive its demand in various end-use industries in the coming years. Driven by its properties, such as good thermal insulation, stiffness, lightweightness, and compression strength, the EPS geofoam segment is projected to be worth more than USD 1.4 billion by 2032.
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With respect to end use, the industry is divided into road & railways, building & construction, and others. The geofoam market share from the road & railways segment is likely to showcase around 7.5% CAGR over the next 10 years. Geofoam is beneficial in overcoming issues associated with building on poor soil, wetlands, or existing utilities while cutting the construction cost and time, which is augmenting the utilization of geofoam in the road & railway segment.
In terms of applications, the geofoam market is segregated into embankments, insulation, slope stabilization, void fill, retaining structures, and others. The void fill segment is set to reach a valuation of USD 1 billion by 2032. The segment growth can be attributed to the extensive utilization of geofoam as a lightweight void-fill material for bridge abutments, theater seating, road widening, and under flooring.
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Asia Pacific geofoam market is projected to depict a 7.5% CAGR between 2023 and 2032. The regional growth is backed by the expanding population, coupled with the increasing disposable income in the APAC region. These factors have bolstered investments in infrastructure projects in the region, boosting product penetration in various sectors such as transportation, energy, social, and so on.
Geofoam Market Share
- Atlas Roofing Corporation
- Carlisle Construction Materials LLC
- Cellofoam North America Inc
- Jebsen & Jessen Packaging
- Poliestireno Alfa-Gamma S.A
- Drew Foam Companies Inc
- DuPont de Nemour
- Amvic Inc
- Airfoam Industries Ltd
- National Polystyrene Packaging Factory L.L.C
- Beaver Plastics Ltd
- Pacific Allied Products Ltd
- Unipod Pty Ltd
- ThermaFoam LLC
- Benchmark Foam Inc
- PFB Manufacturing, LLC
- E-Pack Polymers Private Limited
- Branch River Plastics Inc
are some of the key geofoam market players.
COVID-19 Impact
The COVID-19 outbreak had a negative impact on the construction industry, which impacted the geofoam demand. As a result of the slowdown in industrial operations, shortage of labor, limited access to construction tools & equipment, and stringent lockdown, the geofoam market witnessed a decline in sales. However, in the post-pandemic scenario, government emphasis on enhancing infrastructural development and establishing eco-friendly & renewable practices is set to offer huge opportunities for industry progress.
The geofoam market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2018 to 2032 for the following segments
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By Product
- EPS Geofoam
- XPS Geofoam Beet
By Application
- Void Fill
- Slope Stabilization
- Embankments
- Retaining Structures
- Insulation
- Others
By End-user
- Road & Railways
- Building & Construction
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Scope & Market definitions
1.2 Methodology & forecast parameters
1.3 COVID-19 impact calculations on the industry forecast
1.4 Regional trends
1.5 Data sources
1.5.1 Primary
1.5.2 Secondary
1.6 Industry Glossary
Chapter 2 Executive Summary
2.1 Geofoam market 360º synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 End-user trends
2.1.5 Regional trends
Chapter 3 Geofoam Market Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 - 2032
3.2.1 Impact of COVID-19 pandemic
3.3 Industry ecosystem analysis
3.3.1 Profit margin analysis
3.3.2 Value addition at each stage
3.3.3 Raw material analysis
3.3.4 Distribution channel analysis
3.3.5 Value chain disruption analysis (COVID-19 impact)
3.3.6 Vendor matrix
3.3.6.1 List of raw material providers
3.3.6.2 List of key manufacturers/distributors
3.4 Innovation & sustainability
3.4.1 Patent analysis
3.4.2 Production Process
3.4.3 Future trends
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 Increasing infrastructure expenditure in Asia Pacific and Latin America
3.5.1.2 Strongly growing construction & renovation industry
3.5.1.3 Reviving the European building & construction sector
3.5.1.4 Government initiatives
3.5.2 Industry pitfalls and challenges
3.5.2.1 Susceptibility to petroleum solvent and fire
3.5.2.2 Geofoam’s buoyancy problem and susceptibility to insect damage
3.5.2.3 Geofoam high prices would be at disadvantages in price-sensitive markets
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Growth potential analysis
3.8 Regional price trends
3.8.1 Cost structure analysis
3.8.1.1 R&D cost
3.8.1.2 Manufacturing & equipment cost
3.8.1.3 Raw material cost
3.8.1.4 Distribution cost
3.8.1.5 Operating cost
3.8.1.6 Miscellaneous cost
3.8.2 Covid-19 impact on pricing
3.8.3 Price by product
3.8.4 Price by application
3.8.5 Price by end-user
3.9 Porter’s analysis
3.9.1 Supplier power
3.9.2 Buyer power
3.9.3 Threat of new entrants
3.9.4 Threat of substitutes
3.9.5 Industry rivalry
3.10 PESTLE analysis
3.11 Covid-19 impact on end use industry
3.11.1 Road & Railways
3.11.2 Building & Construction
3.11.3 Others
Chapter 4 Competitive Landscape, 2021
4.1 Introduction
4.2 Company market share analysis, by region 2022
4.2.1 North America geofoam market share analysis 2022
4.2.2 Europe geofoam market share analysis 2022
4.2.3 Asia Pacific geofoam market share analysis 2022
4.2.4 Latin America geofoam market share analysis 2022
4.2.5 MEA geofoam market share analysis 2022
4.3 Vendor adoption matrix, 2022
4.4 Top player overview
4.5 Strategy Dashboard
Chapter 5 Geofoam Market, By Product
5.1 Global geofoam market by product
5.2 Expandable polystyrene geofoam (EPS)
5.2.1 Market estimates and forecast, 2018 - 2032
5.2.2 Market estimates and forecast, by region, 2018 - 2032
5.3 Extruded polystyrene geofoam (XPS)
5.3.1 Market estimates and forecast, 2018 - 2032
5.3.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 6 Geofoam Market, By Material by Application
6.1 Geofoam market, material by application, 2022 & 2032
6.2 Void Filling
6.2.1 Market estimates and forecast, 2018 - 2032
6.2.2 Market estimates and forecast by region, 2018 - 2032
6.3 Slope Stabilization
6.3.1 Market estimates and forecast, 2018 - 2032
6.3.2 Market estimates and forecast by region, 2018 - 2032
6.4 Embankments
6.4.1 Market estimates and forecast, 2018 - 2032
6.4.2 Market estimates and forecast by region, 2018 - 2032
6.5 Retaining Structures
6.5.1 Market estimates and forecast, 2018 - 2032
6.5.2 Market estimates and forecast by region, 2018 - 2032
6.6 Insulation
6.6.1 Market estimates and forecast, 2018 - 2032
6.6.2 Market estimates and forecast by region, 2018 - 2032
6.7 Others
6.7.1 Market estimates and forecast, 2018 - 2032
6.7.2 Market estimates and forecast by region, 2018 - 2032
Chapter 7 Geofoam Market, By End-User
7.1 Geofoam market, by end-User, 2022 & 2032
7.2 Road & Railways
7.2.1 Market estimates and forecast, 2018 - 2032
7.2.2 Market estimates and forecast by region, 2018 - 2032
7.3 Building & Construction
7.3.1 Market estimates and forecast, 2018 - 2032
7.3.2 Market estimates and forecast by region, 2018 - 2032
7.4 Others
7.4.1 Market estimates and forecast, 2018 - 2032
7.4.2 Market estimates and forecast by region, 2018 - 2032
Chapter 8 Geofoam Market, By Region
8.1 Geofoam market, by region, 2022 & 2032
8.2 North America
8.2.1 North America geofoam market estimates and forecast, 2018-2028
8.2.2 North America geofoam market estimates and forecast, by product, 2018 - 2032
8.2.3 North America geofoam market estimates and forecast, by application, 2018 - 2032
8.2.4 North America geofoam market estimates and forecast, by end-user, 2018 - 2032
8.2.5 U.S.
8.2.5.1 U.S. Geofoam Market estimates and forecast, 2018-2028
8.2.5.2 U.S. geofoam market estimates and forecast, by product, 2018 - 2032
8.2.5.3 U.S. geofoam market estimates and forecast, by application, 2018-2032
8.2.5.4 U.S. geofoam market estimates and forecast, by end-user, 2018 - 2032
8.2.6 Canada
8.2.6.1 Canada Geofoam Market estimates and forecast, 2018-2028
8.2.6.2 Canada geofoam market estimates and forecast, by product, 2018 - 2032
8.2.6.3 Canada geofoam market estimates and forecast, by application, 2018 - 2032
8.2.6.4 Canada geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3 Europe
8.3.1 Europe geofoam market estimates and forecast, 2018-2028
8.3.2 Europe geofoam market estimates and forecast, by product, 2018 - 2032
8.3.3 Europe geofoam market estimates and forecast, by application, 2018 - 2032
8.3.4 Europe geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3.5 Germany
8.3.5.1 Germany Geofoam Market estimates and forecast, 2018-2028
8.3.5.2 Germany geofoam market estimates and forecast, by product, 2018 - 2032
8.3.5.3 Germany geofoam market estimates and forecast, by application, 2018 - 2032
8.3.5.4 Germany geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3.6 UK
8.3.6.1 UK Geofoam Market estimates and forecast, 2018-2028
8.3.6.2 UK geofoam market estimates and forecast, by product, 2018 - 2032
8.3.6.3 UK geofoam market estimates and forecast, by application, 2018 - 2032
8.3.6.4 UK geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3.7 France
8.3.7.1 France Geofoam Market estimates and forecast, 2018-2028
8.3.7.2 France geofoam market estimates and forecast, by product, 2018 - 2032
8.3.7.3 France geofoam market estimates and forecast, by application, 2018 - 2032
8.3.7.4 France geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3.8 Spain
8.3.8.1 Spain Geofoam Market estimates and forecast, 2018-2028
8.3.8.2 Spain geofoam market estimates and forecast, by product, 2018 - 2032
8.3.8.3 Spain geofoam market estimates and forecast, by application, 2018 - 2032
8.3.8.4 Spain geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3.9 Italy
8.3.9.1 Italy Geofoam Market estimates and forecast, 2018-2028
8.3.9.2 Italy geofoam market estimates and forecast, by product, 2018 - 2032
8.3.9.3 Italy geofoam market estimates and forecast, by application, 2018 - 2032
8.3.9.4 Italy geofoam market estimates and forecast, by end-user, 2018 - 2032
8.3.10 Russia
8.3.10.1 Russia Geofoam Market estimates and forecast, 2018-2028
8.3.10.2 Russia geofoam market estimates and forecast, by product, 2018 - 2032
8.3.10.3 Russia geofoam market estimates and forecast, by application, 2018 - 2032
8.3.10.4 Russia geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4 Asia Pacific
8.4.1 Asia Pacific geofoam market estimates and forecast, 2018-2028
8.4.2 Asia Pacific geofoam market estimates and forecast, by product, 2018 - 2032
8.4.3 Asia Pacific geofoam market estimates and forecast, by application, 2018 - 2032
8.4.4 Asia Pacific geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4.5 China
8.4.5.1 China Geofoam Market estimates and forecast, 2018-2028
8.4.5.2 China geofoam market estimates and forecast, by product, 2018 - 2032
8.4.5.3 China geofoam market estimates and forecast, by application, 2018 - 2032
8.4.5.4 China geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4.6 India
8.4.6.1 India Geofoam Market estimates and forecast, 2018-2028
8.4.6.2 India geofoam market estimates and forecast, by product, 2018 - 2032
8.4.6.3 India geofoam market estimates and forecast, by application, 2018 - 2032
8.4.6.4 India geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4.7 Japan
8.4.7.1 Japan Geofoam Market estimates and forecast, 2018-2028
8.4.7.2 Japan geofoam market estimates and forecast, by product, 2018 - 2032
8.4.7.3 Japan geofoam market estimates and forecast, by application, 2018 - 2032
8.4.7.4 Japan geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4.8 Australia
8.4.8.1 Australia Geofoam Market estimates and forecast, 2018-2028
8.4.8.2 Australia geofoam market estimates and forecast, by product, 2018 - 2032
8.4.8.3 Australia geofoam market estimates and forecast, by application, 2018 - 2032
8.4.8.4 Australia geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4.9 Malaysia
8.4.9.1 Malaysia geofoam Market estimates and forecast, 2018-2028
8.4.9.2 Malaysia geofoam market estimates and forecast, by product, 2018 - 2032
8.4.9.3 Malaysia geofoam market estimates and forecast, by application, 2018 - 2032
8.4.9.4 Malaysia geofoam market estimates and forecast, by end-user, 2018 - 2032
8.4.10 South Korea
8.4.10.1 South Korea Geofoam Market estimates and forecast, 2018-2028
8.4.10.2 South Korea geofoam market estimates and forecast, by product, 2018 - 2032
8.4.10.3 South Korea geofoam market estimates and forecast, by application, 2018 - 2032
8.4.10.4 South Korea geofoam market estimates and forecast, by end-user, 2018 - 2032
8.5 Latin America
8.5.1 Latin America geofoam market estimates and forecast, 2018-2028
8.5.2 Latin America geofoam market estimates and forecast, by product, 2018 - 2032
8.5.3 Latin America geofoam market estimates and forecast, by application, 2018 - 2032
8.5.4 Latin America geofoam market estimates and forecast, by end-user, 2018 - 2032
8.5.5 Brazil
8.5.5.1 Brazil Geofoam Market estimates and forecast, 2018-2028
8.5.5.2 Brazil geofoam market estimates and forecast, by product, 2018 - 2032
8.5.5.3 Brazil geofoam market estimates and forecast, by application, 2018 - 2032
8.5.5.4 Brazil geofoam market estimates and forecast, by end-user, 2018 - 2032
8.5.6 Mexico
8.5.6.1 Mexico Geofoam Market estimates and forecast, 2018-2028
8.5.6.2 Mexico geofoam market estimates and forecast, by product, 2018 - 2032
8.5.6.3 Mexico geofoam market estimates and forecast, by application, 2018 - 2032
8.5.6.4 Mexico geofoam market estimates and forecast, by end-user, 2018 – 2032
8.5.7 Argentina
8.5.7.1 Argentina Geofoam Market estimates and forecast, 2018-2028
8.5.7.2 Argentina geofoam market estimates and forecast, by product, 2018 - 2032
8.5.7.3 Argentina geofoam market estimates and forecast, by application, 2018 - 2032
8.5.7.4 Argentina geofoam market estimates and forecast, by end-user, 2018 - 2032
8.6 Middle East & Africa
8.6.1 Middle East & Africa geofoam market estimates and forecast, 2018-2032
8.6.2 Middle East & Africa geofoam market estimates and forecast, by product, 2018 - 2032
8.6.3 Middle East & Africa geofoam market estimates and forecast, by application, 2018 - 2032
8.6.4 Middle East & Africa geofoam market estimates and forecast, by end-user, 2018 - 2032
8.6.5 South Africa
8.6.5.1 South Africa Geofoam Market estimates and forecast, 2018-2032
8.6.5.2 South Africa geofoam market estimates and forecast, by product, 2018 - 2032
8.6.5.3 South Africa geofoam market estimates and forecast, by application, 2018 - 2032
8.6.5.4 South Africa geofoam market estimates and forecast, by end-user, 2018 - 2032
8.6.6 Saudi Arabia
8.6.6.1 Saudi Arabia Geofoam Market estimates and forecast, 2018-2028
8.6.6.2 Saudi Arabia geofoam market estimates and forecast, by product, 2018 - 2032
8.6.6.3 Saudi Arabia geofoam market estimates and forecast, by application, 2018 - 2032
8.6.6.4 Saudi Arabia geofoam market estimates and forecast, by end-user, 2018 - 2032
8.6.7 UAE
8.6.7.1 UAE Geofoam Market estimates and forecast, 2018-2028
8.6.7.2 UAE geofoam market estimates and forecast, by product, 2018 - 2032
8.6.7.3 UAE geofoam market estimates and forecast, by application, 2018 - 2032
8.6.7.4 UAE geofoam market estimates and forecast, by end-user, 2018 - 2032
Chapter 9 Company Profiles
9.1 Atlas Roofing Corporation
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Carlisle Construction Materials, LLC
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Cellofoam North America, Inc.
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 Jebsen & Jessen Packaging
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 Poliestireno Alfa-Gamma S.A.
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Drew Foam Companies, Inc..
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 DuPont de Nemours.
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Amvic, Inc.
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Airfoam Industries Ltd.
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 National Polystyrene Packaging Factory L.L.C
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 Beaver Plastics Ltd.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 Pacific Allied Products Ltd.
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Unipod Pty Ltd.
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 ThermaFoam, LLC
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Strategic O