Geosynthetics Market Size, Share, Demand & Trends by 2029
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.
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. 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.
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.
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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.
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, geopipes, etc., have limited
and specific uses. However, the segment has witnessed significant demand during
the last five years.
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.
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market View Point
3.1. Macro-Economic Factors
3.2. Forecast Factors & Relevant
Impact
to be continued…!
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Full Report: https://www.futuremarketinsights.com/reports/geosynthetics-market
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