U.S (New York)– The “Geogrid Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global geogrid market was valued at $0.8 billion in 2018, and is projected to reach $1.8 billion by 2026, growing at a CAGR of 9.9% from 2019 to 2026. Geogrid is a geo-synthetic material formed by joining intersecting ribs and is used to stabilize terrain. Geogrids are mainly made up of polymers such as polypropylene, high-density polyethylene, and polyester.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
They are used as a base reinforcement, to reinforce retaining walls, and subsoils below roads or structures. These are available in three types such as homogeneous-type geogrid, textile-like geogrid, and laser-made geogrid. The digging up of sub-grade from other area and then filling up the required area with that soil is a very time taking and expensive practice. Geogrids are used as a replacement material for this practice. Its remarkable property, such as minimal elongation with high tensile strength and tensile modulus makes it applicable to be used as a reinforcement material.
Increase in the infrastructure developmental activities in emerging countries has led to rise in demand for geogrids in the market. Geogrids exceptional properties such as light weight, easy handling, and high temperature stability are the other key drivers of the market. Reduction in maintenance cycles and cost with the utilization of geogrid is expected to propel the market growth during the forecast period. However, lack of skilled workforce in developing economies hinders the growth of the global geogrid market. Increase in awareness and surge in number of R&D activities toward geogrid are the factors projected to create opportunities for market players during the forecast period.
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The global geogrid market is segmented into application and region. By application, the global geogrid market is classified into road industry, railroad stabilization, soil reinforcement & others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global geogrid market from 2019 to 2026 to determine the prevailing opportunities.
? A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
? Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
? Profiles of leading players operating in the market are provided to understand the global competitive scenario.
? The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable geogrid market growth.
KEY MARKET PLAYERS
– ACE Geosynthetics
– Glen Raven Inc.
– Huesker Synthetic GmbH
– Low & Bonar PLC
– Maccaferri Group-SECI SpA
– Naue GmbH & Co. Kg
– Tenax SPA
– Koninklijke Ten Cate
– B.V., Tensar
– Wrekin Products.
The other players in the value chain include Propex Operating Company LLC, Asahi Kasei Geotech, Carthage Mills, Thrace, Pietrucha, and others.
KEY MARKET SEGMENTS
By Application
– Road Industry
– Railroad Stabilization
– Soil Reinforcement
– Others
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Italy
o Spain
o UK
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Turkey
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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