Geofoam Market trends research and projectionsm

Geofoam
Market trends research and projections for 2019 - 2026

Global
Market Insights, Inc. has recently added a report on Geofoam
Market which provides a succinct analysis of the market size, revenue
forecast, and the regional landscape of this industry. The report also
highlights the major challenges and current growth strategies adopted by the
prominent companies that are a part of the dynamic competitive spectrum of this
business sphere.

Geofoam
Market By Product Type (EPS Geofoam, XPS Geofoam), By Application (Void Fill,
Slope Stabilization, Embankments, Retaining Structures, Insulation, Others), By
End Use (Road & Railways, Building & Construction, Others), Industry
Analysis Report, Regional Outlook, Application Potential, Price Trend,
Competitive Market Share & Forecast, 2019 - 2026

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for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4413
  

Geofoam
Market is likely to reach USD 1.1 billion by 2026. Rising investment in
transport infrastructure in Asia Pacific region and improving remodeling and
home improvement activities in Europe shall drive product market growth during
forecast period.

Some
major findings of the Geofoam Market report include:

•           The surge in demand of
geofoam can be witnessed across the globe due to their excellent properties
such as light weight and high compressive strength. They are excellent as a
lightweight filling material in roadways and building & construction.

•           The growing construction sector in
the Middle east and Africa along with rapidly rising infrastructure spending in
Asia Pacific shall have substantial impact on product's market demand.

•           Recovering European construction
sector likely to increase XPS geofoam demand over the forecast period.

•           The Indian government has taken the
initiatives to construct highways with use of geofoams. India is planning to
build 200,000 km of highways by 2022. Thus, creating very lucrative opportunity
for the product.

•           Major players involved in the
industry are ACH Foam Geofoam, Carlisle Construction Materials LLC, Cellofoam
North America Inc, Jablite, Jebsen & Jessen packaging, Epack, Dupont de
Nemours, and Amvic Inc.

•           Companies are increasing their
production capacity to meet the market demand and developing new products for
different applications.

Browse
Complete Report Summary @ https://www.gminsights.com/industry-analysis/geofoam-market
 

Improving
economic condition and proliferating building & construction industry in
Asia Pacific and Latin America expected to drive product market demand over the
forecast timeframe. The market currently exhibiting an impressive growth in
Asia Pacific due to ongoing massive infrastructure projects. Product has
witness strong acceptance from multiple governments and shall experience
promising growth across the world. For instance, China in 2019, announced to
spend more than USD 119 billion on railway construction and USD 250 billion on
roadways construction. Such massive investments in the infrastructure
development will subsequently boost the product demand over the forecast
timeframe.

African
Infrastructure Investment Managers (AIIM) has raised USD 320 million for
infrastructure investment fund. This fund shall put into upliftment of
infrastructure projects across Africa. Investment targets sectors such as
power, transport and midstream energy sector in Sub-Saharan Africa. Similarly,
Mexico has plan to put USD 25 billion to boost infrastructure in the country.
This shall proliferate product market demand over the forecast period.

This
trend can be seen in most of the countries in Latin America due to need of
superior infrastructure to boost the economic growth of country. Investment in
airport shall witness strong growth in Asia Pacific and Latin America thus
further pushing market demand in near future. ASEAN countries are seeking
transport infrastructure boost and likely to invest in infrastructure projects.
Such investment shall drive product market demand in the region.

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an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4413
 

Companies
are involving in development of new products and expansion of production
capacity to increase the market share. The industry is witnessing a significant
product demand owing to rapid expansion of road network across the world. For
instance, Jebsen & Jesson Packaging started second production facility in
Vietnam in 2017.

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