Transportation Sector Driving the Market
Geofoams are widely preferred for transportation applications. It can be used for highways, airport runways, railways and bridge approaches, owing to its lightweight properties and does not typically require preloading and staging as compared to alternate void fill materials. The increasing investments in the Middle-East & Africa region for the construction of airports and highways is likely to drive the demand of geofoams in the coming years. The Fifa World Cup 2022 in Qatar is also expected to boost the transportation sector, thereby driving the geofoams market.
EPS in Construction Holds the Largest Market Share
The global geofoams market, based on the type, can be broadly segmented into Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS). EPS is expected to dominate the geofoams market, owing to its advantages, like low cost and better environmental sustainability. It is widely used in the construction of highways, bridges, parking lot, etc. China is the largest producer of EPS, accounting for more than 50% of the total production across the globe.
Construction Activities Driving the Asia-Pacific Market
The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In terms of consumption in 2017, Asia-Pacific held a significant market share, closely followed by North America and Europe. Asia-Pacific is expected to be an emerging market during the forecast period, with the increase in highways and road construction activities in China, India, and ASEAN countries. Middle-East & Africa is expected to have a significant growth rate, owing to increasing investments in airports and highways.
Major players are ACH Foam Technologies, AFM Corporation, Carlisle, and Atlas EPS, amongst others.
Reason to Purchase the Report
- To understand the impact of various factors on the market.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- To understand the dominating type and end user in the market.
- Identify the countries expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Rising Demand for Geofoams from Transportation sector
4.1.2 Better Alternative to Traditional Land Stabilization Materials
4.2.1 High Vulnerability to Petroleum Solvents
4.2.2 Limited Technical Knowledge and Expertise About Geofoams in Emerging Economies
4.3.1 Deployment of EPS Bridge Support Technology in Earthquake-Prone Areas
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 EPS (Expanded Polystyrene)
5.1.2 XPS (Extruded Polystyrene)
5.2 By End-user Industry
5.2.2 Structural/ Earthworks
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.1 ACH Foam Technologies
8.2 AFM Corporation
8.3 Atlas EPS
8.4 Beaver Plastics
8.6 Drew Foam
8.7 FMI-EPS LLC
8.8 Harbor Foam Inc.
8.9 Insulation Corporation of America
8.10 Plasti-Fab Ltd
8.11 Poly Molding LLC
8.12 Styro Ltd
*List not Exhaustive
9. Future of the Market
**Subject to Availability of Public Domain