Geofoams are widely used in the construction industry due to their light weight, which is almost 1-2% of a soil of equivalent strength. They are primarily used as construction fills and in road construction because of their predictable behavior, unlike the conventional land fillings. Geofoams are increasingly being used in landscaping and vegetative green roofs. The ease of handling geofoam is yet another reason because of which it is capturing the attention of construction companies worldwide. They help to avoid lateral pressures, instability and settlement by the virtue of their light weight.
The trends indicate that geofoams market is expanding at an unprecedented rate. This growth is attributed to the rapid adoption of latest technology in infrastructure, especially building construction and road construction industries. This report focusses on the classification of geofoams market on the bases of type and the application. Focusing on the geofoams market by type, we get expanded polystyrene (EPS) and extruded polystyrene (XPS). The building construction and road construction industries almost completely engulf the geofoam produced in the world. Geofoams are used in foundations, landfills, bridges, green roofs, road construction and noise & vibration damping.
Upon looking at the geofoams market on the basis of geography, we can see that Americas holds the largest share of geofoam market share at xx%. Europe is in close pursuit at xx%, mainly due to the extreme durability of geofoam in cold climates. APAC is the third in the market revenue share at xx%, while RoW trails at xx%.
Leading companies in the global geofoam market include:
- ACH Foam Technologies
- LLC (UK), Carlisle Construction Materials Inc. (The U.S.)
- Insulation Corporation of America (The U.S.)
- Noark Enterprises Inc. (The U.S.)
- and ThermaFoam LLC (The U.S.)
The Geofoams market is largely fragmented. Apart from the above, the following companies hold a significant market share.
- Polyurethane Molding Industries, Inc. (The U.S.)
- Pacific Allied Products Ltd. (The U.S.)
- Amvic Building Systems (Canada)