The global geofoams market is projected to reach USD 0.57 billion by 2020, registering a CAGR of 7.48% between 2015 and 2020. Geofoams are mainly used in the road industry for soil stabilization, road widening, bridges, buried structures, embankments, and so on. The U.S., India, and China are the major geofoams markets in the world. The increasing demand from the domestic market for a better land stabilization material from these countries as well as from others such as Brazil, Japan, and Germany are driving the market for geofoams at the global level.
Complete report on global Geofoams market spread across 114 pages, profiling 11 companies and supported with 73 tables and 36 figures is now available at http://www.rnrmarketresearch.com/geofoams-market-by-type-eps-geofoams-xps-geofoams-by-application-roadways-building-construction-and-by-region-north-america-europe-asia-pacific-and-rest-of-the-world-global-forecast-to-2020-market-report.html .
Roadways application – fastest growing application segment for geofoams
Roadways are the biggest application for geofoams. Geofoams is amongst the important types of geosynthetics used in roadways for construction over poor soils, foundation stabilization, road widening, rail embankments, airport runways & taxiways, bridge abutments, and under fill purposes. The two major functions performed by geofoams in road construction are void fill and structure support over poor soils. The usage of geofoams in various road industry related applications such as construction over poor soils, road widening, bridge abutment, bridge underfill, buried structures, foundations make it an essential part of the industry. Increased usage in the road industry in next five years is expected to further boost the market for geofoams.
Asia-Pacific- the fastest growing market for geofoams
Asia-Pacific is the fastest-growing market for geofoams, in terms of value and volume. Growing transport infrastructure such as roads, highways, flyovers, and bridges and availability of cheap labor in the region is responsible for the high growth of the market and the shift of production capacity from the developed markets to the Asia-Pacific region.
China dominates the geofoams market in the Asia-Pacific region. China’s consumption of geofoams has grown significantly and is expected to witness further growth in the near future. The high growth of geofoams market in China is a result of the growing construction industry.
This is a premium research report priced at US $4650 for a single user PDF, a discount on “Geofoams Market by Type (EPS geofoams, XPS geofoams), by Application (Roadways, Building & Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Global Forecast to 2020” can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=441920 .
The market size of geofoams estimated in this study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: By Company; By Designation; and By Region.
By Company Type - Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
By Designation – C level – 35%, Director level – 25%, Others – 40%
By Region – North America - 45%, Europe – 20%, APAC – 30%. Others – 05%
The report also provides company profiles and competitive strategies adopted by the major market players such as ACH Foam Technologies, LLC (U.S.), Carlisle Construction Materials (U.S.), Amvic Building Systems (Canada), Expol Ltd. (New Zealand), Groupe Legerlite, Inc. (Canada), and Pacific Allied Products Ltd. (U.S.), among others.
On a related note, another research titled Amines Market Global Forecast to 2020, says The market size of amines is estimated to grow from USD 13.35 Billion in 2015 to USD 19.90 Billion by 2020, at an estimated CAGR of 8.3% between 2015 and 2020. In 2015, Asia-Pacific accounted for the largest market share and is estimated to register the highest CAGR between 2015 and 2020. The robust demand in the Asia-Pacific region is the major driving factor for the amines market. China led the demand for amines due to increased consumption of amines in end-user industry in the last 2-3 years. It is also the largest market for amines globally. Other emerging economies such as Brazil, India, Mexico, and others are projected to have a bright future in this market.
The key companies profiled in this market research report are Akzonobel NV (The Netherlands), BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Clariant AG (Switzerland), Taminco (Belgium), Tosoh Corporation (Japan), Mitsbishi Gas Chemical Company (Japan), Oxea Gmbh (Germany), and Delamine (The Netherlands). research available at http://www.rnrmarketresearch.com/amines-market-by-type-ethanolamines-alkylamines-fatty-amines-specialty-amines-and-ethylene-amines-by-application-agricultural-chemicals-cleaning-products-gas-treatment-personal-care-industry-market-report.html .
Explore more reports on Materials & Chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .
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