Geosynthetics Market

Global Geosynthetics Market is expected to register a revenue of USD 13,300 Million by 2028, expanding at a CAGR of 11.2% during the forecast period (2021-2028), owing to the growing demand for geosynthetics from the infrastructural sector.

To have an edge over the competition by knowing the market dynamics and current trends of “Geosynthetics Market”, request for Sample Report here

Key Drivers and Emerging Trends

Increasing application of geosynthetics in mining, agriculture, and transportation industries, owing to their cost-efficiency, durability, and versatility stands to be one of the major drivers fueling the geosynthetics market size. A significant increase in construction activities, primarily across the developing nations and increasing application of geosynthetics in the transportation industry, owing to their ability to provide strength and stability to underlying soil in roadways are projected to expand the market growth. Moreover, rapid infrastructural development in developing nations, such as developing countries, will strengthen the Geosynthetics market size.

Additionally, the excellent chemical resistance of geomembranes has augmented their application in the wastewater management process, driving the market growth. The increasing implementation of strategic norms and intensified research and development (R&D) activities has persuaded manufacturers to expand their production, driving the market growth. However, the high prices and lack of availability of raw materials for geosynthetics are predicted to hinder the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Product – Segment Analysis

Geotextiles segment is forecast to hold a larger share over the upcoming years, owing to their increasing infrastructural expenditure by the government. In addition, the growing application of geotextiles across buildings, heavy construction, expressways, and highways is projected to expand the regional growth. The growing awareness pertaining functional advantages of geotextiles over traditional materials such as high tensile strength, permeability, flexibility, and exceptional load-bearing capacity has augmented the penetration of geotextiles in soil erosion, and agriculture industries has propelled the segment’s growth.

Application – Segment Analysis

Waste management is estimated to expand at a higher CAGR over the upcoming years, owing to the increasing use of geosynthetics to control the spillage of contaminated gas and liquid into groundwater, ponds, and river. Besides, increasing urbanization and industrialization has augmented the need for waste management, driving the segment’s growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here.

Regional – Segment Analysis

Asia Pacific is estimated to dominate the global geosynthetic market during the forecast period, owing to the expansion of infrastructural industry. Technological innovations and rising investment in Research & Development activities has augmented the material development with less maintenance for the industry, which will further drive the market demand. Moreover, the rising disposable income and increasing investments in commercial & industrial infrastructure development has stimulated the demand for energy effective buildings.

Europe is predicted to hold a larger share over the forecast period, owing to the increasing awareness towards eco-friendly infrastructure. Rising awareness towards hazardous carbon emissions and increasing environmental concerns have bolstered the demand for green infrastructure, driving the regional growth.

Top Market Players

Several leading companies in the market include Solmax, NAUE GmbH & Co., Berry Global Inc., Agru America Inc., Global Synthetics, Fibertex Nonwovens A/S, Propex Operating Company LLC, Tensar Corporation, Strata Systems Inc., Techno Fabrics Geosynthetics Pvt. Ltd., among others.

Key Developments:

• • In 2021, Solmax has acquired TenCate, the world’s leading geosynthetics solutions company. This acquisition will increase the global reach, innovative capabilities, and transaction of the company. It will develop and manufacture high-quality polyethylene geomembranes for containment in industrial and environmental applications.
  • In 2020, NAUE, a manufacturer of geotechnical construction materials, presented its first biodegradable nonwoven geotextile with the company Secutex Green. It is used for the separation of soil layers with different grain sizes as well as to establish missing filter stability.
  • In 2019 – Ferguson Enterprises decided to acquire Action Plumbing Supply and Innovative Soil Solutions to strengthen erosion control capabilities and geotextile business in the U.S.
  • In 2017 – A Canadian-based company, Groupe Solmax, a leading vendor of high-quality polyethylene (PE) geomembranes primarily environmental and industrial applications, acquired the GSE Environmental. The companies will operate internationally in the geosynthetics products business, offering large manufacturing players with high-quality containment systems for industrial, domestic, or hazardous retention ponds, waste burial sites, and heap leaching pads.

Segments covered in the Report:

The Geosynthetics Market has been segmented based on product, Application, and Region. Based on Product, the market is segmented into Geotextiles, Geomembranes, Geogrids, Geonets, Geocells. Based on application, market is segmented into Waste Management, Water Management, Transportation Infrastructure, Civil Construction.

For detailed scope of the “Geosynthetics Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Geosynthetics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global Geosynthetics Market? What will be the impact of drivers and restraints in the future?
  •  What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Geosynthetics market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What is the various application area of global Geosynthetics Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Geosynthetics Market by Product

• • Geotextiles
  • Geomembranes
  • Geogrids
  • Geonets
  • Geocells

Global Geosynthetics Market by Application

• • Waste Management
  • Water Management
  • Transportation Infrastructure
  • Civil Construction

Global Geosynthetics Market by Region

• • North America Geosynthetics Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Geosynthetics Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Geosynthetics Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Geosynthetics Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Geosynthetics market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Solmax
  • NAUE GmbH & Co.
  • Berry Global Inc.
  • Agru America Inc.
  • Global Synthetics
  • Fibertex Nonwovens A/S
  • Propex Operating Company LLC
  • Tensar Corporation
  • Strata Systems Inc.
  • Techno Fabrics Geosynthetics Pvt. Ltd.