According to the recent research report titled ‘Asia Pacific Geofoam Market Forecast 2027 By Application, By Product Type, By End Use, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, Asia Pacific geofoam market is predicted to reach a valuation of USD 490 million by 2027. The major factors fueling the Asia Pacific geofoam market growth are the rapid expansion of infrastructural activities across real estate, transport, and energy sectors, growing disposable income, increasing urbanization, effective use of smart construction materials, and proliferating construction vertical. Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4229267/   Geofoam is a thermoplastic substance made from polystyrene polymer that can be molded into any shapes at any time. It is widely used in the construction of railways, roads, and buildings, as many customers expect infrastructure developers to employ materials that save time and money. With rapid rise in infrastructural activities in India and China, the road and railway sector is expected to expand significantly, thus impelling the demand for geofoam in Asia Pacific. Based on product type, Asia Pacific geofoam marketplace is split into EPS and XPS. Among these, the EPS segment is expected to showcase remunerative growth during the study period. The national highway manufacturing authority has approved this type of geofoam as an industry-ready material. It has multiple advantages and has been utilized as a raw material to manufacture geofoams for a variety of geotechnical applications such as dam, road, and airport buildings. Slope stabilization, road embankment backfills, retaining wall backfill, and pavement insulation are all common activities carried by EPS geofoam. Elaborating on the application spectrum, the market is bifurcated into a void filling, embankments, slope stabilization, insulation, retaining structures, and others. The insulation application segment is expected to register 6.4% CAGR through 2027. The geographical arena of Asia Pacific geofoam industry extends to across India, China, Japan Malaysia, Australia, and South Korea.

The leading industry players of Asia Pacific geofoam market defining the competitive landscape are Jebsen & Jessen Packaging, Beaver Plastics Ltd., Carlisle Construction Materials, Drew Foam Companies Inc., Amvic Inc., E-Pack Polymers Private Ltd., ACH Foam Technologies, Unipod Pty Ltd., Airfoam Industries Ltd., and DuPont de Nemours.