Selbyville, Delaware, Nov. 19, 2019 (GLOBE NEWSWIRE) --
According to a report by Global Market Insights Inc., the geofoam market demand 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.
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.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4413
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 key industry insights spread across 150 pages with 223 market data tables & 25 figures & charts from the report, “Geofoam Market Size By Product Type (EPS Geofoam , XPS Geofoam), By Application (Void Fill, Slope Stabilization, Embankments, Retaining Structures, Insulation), By End Use (Road & Railways, Building & Construction, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/geofoam-market
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.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4413
Partial chapters of report table of contents (TOC):
Chapter 2. Executive Summary
2.1. Geofoam industry 360° synopsis, 2014 - 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End use trends
2.1.5. Regional trends
Chapter 3. Geofoam Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2026
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. Vendor matrix
3.3.5.1. List of raw material suppliers
3.3.5.2. List of key manufacturers
3.3.5.3. List of key potential customers
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. Rising infrastructure investment in Asia Pacific and Latin America
3.5.1.2. Strongly growing building and construction sector
3.5.1.3. Government initiatives
3.5.2. Industry pitfalls & challenges
3.5.2.1. Geofoam susceptibility to petrochemicals and fire
3.6. Regulatory landscape
3.7. Growth potential analysis
3.8. Price trends
3.8.1. Regional price trends
3.8.2. Cost structure analysis
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis, 2018
3.9.2. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
Browse Related Reports:
Geotextiles Market Size By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir]), By Product (Non-Woven, Woven, Knitted), By Application (Road Construction, Erosion Control, Pavement Repair, Drainage, Railroad, Agriculture), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019- 2024
https://www.gminsights.com/industry-analysis/geotextile-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.