Geosynthetics Market Size To Reach USD 26.89 Billion By 2029 | New Opportunities Planning By FMI

A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029.

The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.

As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years.

Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-475

APEJ’s Market Attractiveness Intact, Says FMI’s Report

Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future. 

Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.

Key Companies Profiled

  • AGRU Kunststofftechnik GmbH
  • Low & Bonar PLC
  • Tensar Corporation
  • Raven Industries, Inc.
  • Thrace Group
  • GSE Environmental Inc.
  • Officine Maccaferri S.p.A.
  • Koninklijke Ten Cate B.V.
  • HUESKER Synthetic GmbH
  • Solmax International Inc.
  • Geofabrics Australasia Pty. Ltd.
  • Garware-Wall Ropes Ltd.
  • Cooley Group
  • NAUE GmbH & Co. KG
  • Advanced Drainage Systems, Inc.
  • Propex Operating Company, LLC,
  • Taian Modern Plastic Co

Product Portfolio Enhancements & Technological Innovations

Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.

In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.

Use promo code ->> FMITODAY to get flat 20% discount

Geosynthetics Market by Category

Product Type:

  • Geotextile
  • Geomembrane
  • Geogrid
  • Geonet
  • Geocomposite
  • Geosynthetic clay liner
  • Others

Material Type :

  • Polyethylene (HDPE/LLDPE)
  • Polypropylene (PP)
  • Polyester
  • Natural fibers
  • Others

Primary Application:

  • Separation
  • Drainage & filtration
  • Reinforcement
  • Containment

End-use :

  • Roads (paved & unpaved)
  • Railways
  • Retaining walls
  • Waterworks and waste treatments
  • Landfill & erosion control
  • Others

Use of Different Materials to Enhance Strength and Durability

Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones.

Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability. As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period.

Other geosynthetic products such as geocell, geofoam, geo-pipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.

Request for Customization @ 
https://www.futuremarketinsights.com/customization-available/rep-gb-475

Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.

Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Construction Aggregates Market: Construction Aggregates Market valuation will top US$ 664.6 Bn and it is expected to exhibit a healthy 6.8% CAGR between 2021 and 2031. 

Geocells Market: The global geocells market is projected to expand steadily at a CAGR 6.1% value, during the forecast period 2022-2032.