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Geofoam Market Forecast to Reach New Heights by 2026

The Geofoam Market is experiencing regional growth as construction and infrastructure projects adopt lightweight and durable geofoam materials for improved soil stabilization and reduced settlement risks.

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Geofoam Market Forecast to Reach New Heights by 2026

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  1. Geofoam Market worth $1,037 Million by 2026- Exclusive Report by MarketsandMarkets™ The report "Geofoam Market by Type (Expanded Polystyrene (EPS) Geofoam, and Extruded Polystyrene (XPS) Geofoam), End-Use (Road & Highway Construction, Building & Infrastructure, Airport Runways & Taxiways), Application, Region - Global Forecast to 2026" size for geofoam is estimated at USD 755 million in 2021 and is projected to reach USD 1,037 million by 2026, at a CAGR of 6.5% between 2021 and 2026, owing to the increase in infrastructural development and rise in spending on infrastructures, such as roads, highways, residential buildings, and other constructions. Get an Exclusive PDF Sample Copy of This Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193832866 By type, extruded polystyrene is expected to be the fastest-growing segment during the forecast period Extruded polystyrene (XPS) is expected to grow at a faster rate during the forecast period owing to its increasing demand from insulation applications in the building & infrastructure sector which is expected to lead the growth of this segment. By end-use, road & highway construction segment is expected to be the fastest-growing market during the forecast period The road & highway construction segment is projected to grow with the highest CAGR during 2021-2026. The growth is due to extensive use of geofoams in construction over poor soils, for the stabilization of foundations, in road widening, railway embankments, bridge abutments, and other applications. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=193832866

  2. Asia Pacific was the largest region in the geofoams market in 2020, in terms of volume Asia Pacific accounts for the largest share for geofoams market in 2020 due to the growing end-use sectors such as residential & commercial buildings and transport infrastructure. Growing economy of countries such as China and Indonesia involves growth in infrastructure which initiates the demand for geofoam in the region. The key market players include Carlisle (US), Amvic Building Systems (Canada), Atlas Roofing Corporation (US), Insulation Company of America (US), Foam Products Corporation (US), Jablite (UK), ThermaFoam, LLC (US), Expol (New Zealand), Pacific Allied Products, Ltd. (US), Airfoam (Canada), Harbor Foam (US), Groupe Legerlite Inc. (Canada), Drew Foam (US), and Plasti-Fab Ltd. (Canada). These players have adopted product launches, acquisitions, expansions, partnerships as their growth strategies. Buy this Premium Research Report at https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=193832866 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market

  3. Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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