The Asia-Pacific geosynthetics market is expected to reach USD 10,288,889.05 thousand by 2030 from USD 6,373,698.47 thousand in 2022, growing at a CAGR of 6.2% during the forecast period of 2023 to 2030.
Market Segmentation:
Asia-Pacific Geosynthetics Market, By Product (Geotextiles, Geomembranes, Geogrids, Geocells, Geonets, and Others), Country (China, Japan, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030.
Some of the major factors contributing to the growth of the Asia-Pacific geosynthetics market are:
- Drivers
- Expansion in construction industry in Asia-Pacific
- Rising expenditure toward waste management
- Restraints
- Fluctuating raw material costs as a result of crude oil price instability
- Threats arise as a result of installation flaws
- Opportunities
- Soil erosion control, better drainage, and soil conservation using geosynthetics
- Increasing spending in mining and petroleum exploration
Market Players
Some of the key market players operating in the Asia-Pacific geosynthetics market are:
- CMC
- Leggett & Platt, Incorporated
- Berry Global, Inc.
- Global Synthetics
- HUESKER
- Agru America Inc
- SKAPS Industries
- Glen Raven,Inc.
- SOLMAX
- Schouw & Co.
- Naue Gmbh & Co.KG
- Officine Maccaferri Spa
- PRS Geo-Technologies.
- Freudenberg