Product Code: ETC4514545 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India geofoam market import shipments demonstrated strong growth momentum with a CAGR of 15.9% from 2020 to 2024. The market further accelerated in the most recent period, showing a growth rate of 31.8% between 2023 and 2024. Overall, the market significantly expanded over the years, indicating a robust upward trend.
Geofoam is a lightweight fill material used in civil engineering and construction projects. In India, the geofoam market has expanded as it offers advantages like reduced settlement, weight reduction, and ease of installation. Infrastructure development projects, such as roads and bridges, have driven the demand for geofoam to address soil settlement and improve structural stability.
The India geofoam market is primarily driven by infrastructure development projects. Geofoam is used for lightweight fill in embankments, road construction, and retaining walls, reducing construction costs and environmental impact. As India continues to invest in infrastructure, the demand for geofoam as a cost-effective and eco-friendly solution is increasing.
The geofoam market in India contends with challenges related to material performance and awareness. Developing geofoam solutions that effectively address soil stabilization and lightweight construction requirements is crucial. Market players must educate the construction industry about the benefits of geofoam while ensuring quality and consistency in production. Environmental regulations and sustainability goals add complexity to the market.
The India geofoam market, used in civil engineering and construction projects, faced disruptions during the pandemic due to the slowdown in infrastructure development. Reduced construction activities and supply chain challenges affected the market. However, the market may see growth with the revival of infrastructure projects in the post-pandemic period.
Notable players in the India geofoam market encompass Sintex, Geofoam International LLC, Groupe Legerlite, and Pacific Allied Products Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Geofoam Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Geofoam Market Revenues & Volume, 2021 & 2031F |
3.3 India Geofoam Market - Industry Life Cycle |
3.4 India Geofoam Market - Porter's Five Forces |
3.5 India Geofoam Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Geofoam Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.7 India Geofoam Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Geofoam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in India |
4.2.2 Growing focus on sustainable construction practices |
4.2.3 Rising demand for lightweight and durable construction materials |
4.3 Market Restraints |
4.3.1 High initial costs associated with geofoam installation |
4.3.2 Lack of awareness about the benefits of geofoam among construction companies |
4.3.3 Limited availability of skilled labor for geofoam installation |
5 India Geofoam Market Trends |
6 India Geofoam Market, By Types |
6.1 India Geofoam Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Geofoam Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Geofoam Market Revenues & Volume, By Expanded Polystyrene, 2021-2031F |
6.1.4 India Geofoam Market Revenues & Volume, By Extruded Polystyrene, 2021-2031F |
6.2 India Geofoam Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 India Geofoam Market Revenues & Volume, By Road & Highway Construction, 2021-2031F |
6.2.3 India Geofoam Market Revenues & Volume, By Building & Infrastructure, 2021-2031F |
6.2.4 India Geofoam Market Revenues & Volume, By Airport Runway & Taxiways, 2021-2031F |
6.2.5 India Geofoam Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Geofoam Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Geofoam Market Revenues & Volume, By Structure Foundation, 2021-2031F |
6.3.3 India Geofoam Market Revenues & Volume, By Embankments, 2021-2031F |
6.3.4 India Geofoam Market Revenues & Volume, By Slope Stabilization, 2021-2031F |
6.3.5 India Geofoam Market Revenues & Volume, By Insulation, 2021-2031F |
6.3.6 India Geofoam Market Revenues & Volume, By Retaining Structures, 2021-2031F |
6.3.7 India Geofoam Market Revenues & Volume, By Others, 2021-2031F |
7 India Geofoam Market Import-Export Trade Statistics |
7.1 India Geofoam Market Export to Major Countries |
7.2 India Geofoam Market Imports from Major Countries |
8 India Geofoam Market Key Performance Indicators |
8.1 Number of infrastructure projects integrating geofoam |
8.2 Adoption rate of geofoam in construction projects |
8.3 Growth in demand for lightweight construction materials in India |
9 India Geofoam Market - Opportunity Assessment |
9.1 India Geofoam Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Geofoam Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.3 India Geofoam Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Geofoam Market - Competitive Landscape |
10.1 India Geofoam Market Revenue Share, By Companies, 2024 |
10.2 India Geofoam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |