2021.11.12
Why is the geofoam market exploding?
Global demand for geofoam is skyrocketing, and that trend is poised to be around for the near future, expected to register a compound annual growth rate (CAGR) of more than 7.5% from 2020 to 2025.
It shouldn’t surprise anyone that demand is taking off-big time!
Geofoam has many properties that are valued for construction projects. It’s an engineered product, so it behaves consistently and predictably.
It’s super lightweight, but strong, with a high compressive strength of up to 60 psi. It’s an environmentally friendly, energy-efficient product that serves as great thermal insulation. It’s fast and easy to install, with no heavy, earth-moving equipment required. Plus, it’s water-resistant, durable and long-lasting.
These properties, plus the fact that geofoam typically can help you bring your projects in on time or ahead of schedule. As an added bonus, you’ll likely enjoy project cost savings of up to 30%.
For all these reasons, geofoam is becoming a very popular building material.
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