(MENAFN- PR Newswire)
SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled 'Geofoams - Global Market Trajectory & Analytics' . The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
With Market Size Valued at $732.5 Million by 2026, it`s a Healthy Outlook for the Global Geofoams Market
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 6; Released: January 2022 Executive Pool: 367 Companies: 46 - Players covered include ACH Foam Technologies LLC; Amvic Building Systems; Carlisle Construction Materials LLC; Expol Ltd.; Gorantla Geosynthetics Pvt. Ltd.; Groupe Legerlite, Inc.; Insulation Corporation of America; Mansonville Plastics (BC) Ltd.; Pacific Allied Products Ltd.; Poly Molding LLC.; Thermafoam LLC. and Others. Coverage: All major geographies and key segments Segments: Application (Roadways, Building & Construction); Type (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS)) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Geofoams Market to Reach $732.5 Million by 2026 Amid the COVID-19 crisis, the global market for Geofoams estimated at US$501.8 Million, is projected to reach a revised size of US$732.5 Million by 2026, growing at a CAGR of 6.3% over the analysis period. Expanded Polystyrene (EPS), one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$463.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Extruded Polystyrene (XPS) segment is readjusted to a revised 6.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $145.6 Million in 2021, While China is Forecast to Reach $152.4 Million by 2026 The Geofoams market in the U.S. is estimated at US$145.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$152.4 Million by the year 2026 trailing a CAGR of 9.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., ( ) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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