The Geofoam industry is anticipated to grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2034, with projections indicating it will reach USD 1,138.85 Million by 2034, based on a standard growth trajectory. The market is forecasted to attain a value of USD 805.48 Million in 2024. Global Geofoam Industry Size – By Material Category (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane (PU), and Others), By Application (Road & Highway Construction, Building & Infrastructure, and Airport Runways & Taxiways), & Region – Worldwide Forecasts 2024 - 2034.

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Definition:
Geofoam refers to a lightweight, rigid, and durable material used in geotechnical and civil engineering applications. It is typically made from expanded polystyrene (EPS) or similar lightweight materials and is manufactured in the form of large, lightweight blocks or panels.