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  • Geofoam Market is expected to grow at a CAGR of 7.4 percent reaching 1384.45 Mn during the forecasting period (2024-2030)

    (Transportation-News.com, July 09, 2024 ) Asia-Pacific: Investment in fixed assets in China grew by 4.9% in 2021, up from 2.9% in 2020. Indias Bharatmala Pariyojana aims to build 1,080 km of highways across several states, with projects worth Rs. 25,370 crore (US$ 3.4 billion) in Gujarat. The Ministry of Road Transport and Highways allocated Rs. 165 crore (US$ 22 million) for FY22 under the Economic Importance and Inter State Connectivity Scheme (EIC&ISC).







    To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Geofoam-Market/1159





    North America: The US economy is valued at $20 trillion, relies on extensive infrastructure including roads, bridges, freight rail, internet access etc. Investment in new infrastructure and maintenance is expected to boost the economy and create jobs.



    Europe: Transportation infrastructure significantly impacts growth and employment, contributing to 5% of GDP and employing around 10 million people.



    EPS geofoam is multi-functional, suitable for various applications including fill and embankment projects. Minnesota Department of Transportation (MnDOT) has achieved significant time and cost savings using geofoam for small and moderate-sized roadway embankment projects over deep, soft, organic soil deposits.



    Market Segmentation



    By Product Types



    EPS geofoam

    XPS geofoam

    By Application



    Void fill

    Sole stabilization

    Embankments

    Retaining structures

    Insulation

    Others

    By End-Users



    Roadways & railways

    Buildings & structure

    Others



    For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Geofoam-Market/1159







    Market Key Players include



    Airfoam

    Amvic Building Systems

    Atlas Roofing Corporation

    Beaver Plastics Ltd.

    Benchmark Foam Inc.

    Stellar Market Research is leading Chemical and Material research firm, has also published the following reports:



    Hydrogen Pipelines Market size was valued at USD 9.12 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 15.30% from 2024 to 2030, reaching nearly USD 24.7 Bn. by 2030.





    Carbon black Market size was valued at USD 23.48 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 5.1% from 2024 to 2030, reaching nearly USD 33.04 Bn. by 2030.





    About Stellar Market Research



    Stellar Market Research is a Pune based research firm. The company provides B2B and B2C research and reports on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies. The topics include Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.



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