Report Ocean recently released a research report on the Geosynthetics Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global geosynthetics market size was US$ 14.2 billion in 2021. The global geosynthetics market is forecast to grow to US$ 37.9 billion by 2030, registering a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2030.
Geosynthetics are natural or polymeric materials that are utilized with soil, rock, or other building components. Some of the most common geosynthetics include geogrids, geonets, geotextiles, geocells, geomembranes, and geocomposites.
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Factors Influencing the Market Growth
The geosynthetics demand is forecast to increase rapidly due to growing infrastructure. The expansion of highways and roadways globally will benefit the global market during the study period.
The increasing demand for new energy entities will boost the growth of the global geosynthetics market. Geosynthetics applications, including reinforcing soil walls and controlling drainage and erosion, majorly in wastewater treatment plants, are forecast to fuel the market growth.
Geosynthetic materials along with sub-graded soil reduce the carbon footprint by a considerable percentage. In addition, geosynthetics possess outstanding flexibility and filtration characteristics. Thus, it will boost the demand for geosynthetics during the forecast period.
The growth of the transportation sector is forecast to fuel market growth. This sector is one of the prominent end-use sectors of geosynthetic materials.
Geosynthetics have a variety of applications in the energy sector, including oil, gas, and nuclear power. The growth of power plants will accelerate the demand for geosynthetic materials for soil stability and leakage protection, thereby propelling the market growth.
The fluctuations in the price of petroleum may hamper the growth of the global geosynthetics market during the forecast period.
Regional Analysis
Over the study period, the Asia-Pacific geosynthetics market will hold the largest share. The region’s growth is attributed to the growing infrastructure and construction activities in China and India.
In addition, Europe is forecast to register significant CAGR due to growing construction standards mandating the use of geosynthetics in the region.
COVID-19 Impact Analysis
COVID-19 pandemic has proved to be a significant drawback for the global geosynthetics market. The stringent social distancing regulations were a significant challenge to continue construction activities. As a result, the demand for geosynthetics materials also reduced drastically. Moreover, challenges caused due to bans on import-export activities and shortage of laborers negatively impacted the global geosynthetics market.
The global geosynthetics market will grow significantly during the forecast period as the governments of countries ease restrictions.
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Market Segmentation
The global geosynthetics market segmentation focuses on Type, Application, and Region.
By Type
- Geotextiles
- Geomembranes
- Geogrids
- Geocomposites
- Geonets
- Others
By Application
- Water/wastewater Management
- Transportation Infrastructure
- Civil Construction and Mining
- Energy
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Competitors in the Market
- AGRU
- Freudenberg Group
- HUESKER Group
- Maccaferri S.p.A.
- NAUE GmbH & Co. KG
- PRS Geo-Technologies
- Schouw & Co.
- Solmax
- TENAX Group
- Tensar International Corporation.
- Other prominent players
Table of Content
Chapter 1: Global Geosynthetics Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Geosynthetics market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Geosynthetics Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Geosynthetics market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Geosynthetics market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Geosynthetics market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Geosynthetics market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Geosynthetics business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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