Market Research Report
Geosynthetics Market by Type, and End-use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2030
|Geosynthetics Market by Type, and End-use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: November 29, 2021
Allied Market Research
Content info: 280 Pages
Delivery time: 2-3 business days
The global geosynthetics market was valued at $13.2 billion in 2020, and is projected to reach $37.9 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030.
Geosynthetics are a broad range of materials that are used for soil stabilization and increase the durability of the structure. It includes various types of geomembranes, geotextiles, geonets, geonets, and geocomposites among others. Geosynthetics were first used in roadway applications solely to fulfill the function of separation. However, currently, Geosynthetic materials have found a wide spectrum of end uses, ranging from civil construction, mining, oil & gas, and wastewater management.
Factors such as increase in demand from the transportation and civil construction, and rise in awareness about geosynthetic protection in the energy sector are currently driving the global geosynthetics market. As global energy consumption increases, the demand for geosynthetic materials will also increase. In addition, there is a significant reduction in construction cost on using geosynthetics over traditional infills. This applies to the construction of bridges, dams, canals as well as roads and highways. However, price volatility is a key restraint in the global geosynthetics market. Most of the geosynthetic materials are made from plastics; hence, fluctuating crude oil prices will increase the end price of geosynthetic materials. On the contrary, growing demand for sustainable products in developing economies is expected to offer lucrative opportunities for market growth during the forecast period. Developments in biodegradable geosynthetics materials will require research. For instance, Secutex® Green eco-friendly geotextile from Naue GmbH has increased product differentiation in the global geosynthetics market. Huesker also has a line of geosynthetics based on recycled raw material. Its ecoLine geotextiles consists of 100% old PET bottles. By not using brand-new PET, it reduces the impact of plastics on the environment.
The global geosynthetics market is segmented into type, application and region. Based on the type, the market is segmented into geotextiles, geomembranes, geogrids, geocomposites, geonets, and others. Applications include water/wastewater management, transportation infrastructure, civil construction and mining, energy, and others.
Based on the region, the global geosynthetics market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
Key players engaged in the production of geosynthetics include AGRU, Freudenberg Group, HUESKER Group, Maccaferri S.p.A., NAUE GmbH & Co. KG, PRS Geo-Technologies, Schouw & Co., Solmax, TENAX Group, and Tensar International Corporation.
Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.