The global geofoam market is experiencing significant growth, driven by the material's unique properties and versatile applications across multiple sectors, particularly in construction, infrastructure, and geotechnical engineering. Geofoam, typically made from expanded polystyrene (EPS), is a lightweight, cellular plastic material widely used as fill, insulation, and a pressure-reducing solution for retaining walls.

Its low density and high compressive strength make it ideal for infrastructure projects, including road and railway embankments, bridge abutments, slope stabilization, building insulation, and retaining wall backfills.

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Market Statistics: The Geofoam market is predicted to develop at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2034, when it is projected to reach USD 1,138.85 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 805.48 Million in 2024.