Market Research Report
Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: February 12, 2022
IMARC Services Private Limited
Content info: 107 Pages
Delivery time: 2-3 business days
The global geosynthetics market reached a value of US$ 11.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.99 Billion by 2027, exhibiting a CAGR of 5.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Geosynthetics are polymeric products that are majorly produced using polyester, polyethylene and polypropylene. Geosynthetic products usually manufactured include geotextiles, geogrids, geonets and geomembranes and are used as a key component in landfills, drainage, filtration, erosion control and various civil construction projects. Extremely cost-effective, durable and versatile, geosynthetics are widely used to improve the mechanical and physical properties of the soil, enabling it to withstand harsh climatic conditions. Mining, transportation, and agriculture are some of the key sectors in which geosynthetics find extensive applications.
The increasing number of construction activities across the globe, especially in developing nations, is the key factor driving the growth of the market. This, coupled with the growing usage of green roof and walls for the prevention of soil erosion and better management of the water drainage system, is contributing to the market growth. Furthermore, geosynthetics are widely employed in the transportation industry, wherein they provide stability and strength to the underlying soil in railway tracks and roadways. Additionally, the widespread adoption of geomembranes in the wastewater management process due to their excellent chemical resistance is further catalyzing the growth of the market. Moreover, there has been a consistent increase in the demand from various industries to process and safely dump hazardous industrial waste. Along with this, the implementation of favorable government policies and growing research and development (R&D) activities, which enable manufacturers to maintain the production standards and control environmental pollution are also projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global geosynthetics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product, type, material and application.
The report has also analyzed the competitive landscape of the market with some of the key players being Fiberweb, GEO Synthetics LLC, Agru America Inc., Asahi Kasei Advance Corporation, Belton Industries, Polymer Group, HUESKER inc, Carthage Mills, Thrace Group, Hanes Geo Components, Tenax Group, GSE Environmental, Swicofil AG, Owens Corning, Low & Bonar, etc.