The global demand for Geosynthetics Market is presumed to reach the valuation of nearly USD 28.29 BN by 2030 from USD 15.63 BN in 2022 with a CAGR of 7.7% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Million Square Meters in 2022 and forecast to touch XX Million Square Meters by 2030 with a CAGR of XX% during 2023-2030.
Geosynthetic refers to synthetic products, generally made up of polymeric material. These products are applied as a key component on the structure or system to solve civil engineering problems. Geosynthetics have some basic functions including separation, reinforcement, filtration, drainage, containment, barrier, surface erosion control, and protection.
Market Dynamics
The increasing adoption of geosynthetics in various environmental activities such as filtration, and landfills and civil construction is primarily driving the market growth. Increasing demand from hazardous and industrial waste is again boosting the market growth. Along with this, growing transportation sector and ongoing projects for enhancing civic amenities are further accelerating the market growth. On the other hand, volatile raw material prices and lack of quality control across developing economies is likely to hamper the market growth. Whereas, rising regulatory standard and opportunities associated with oil & gas and mining industries is likely to augment demand over the forecast timeframe.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of geosynthetics.
Market Segmentation
The entire geosynthetics market has been sub-categorized into material type, products and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product
- Geotextiles
- Geomembranes
- Geogrids
- Geonets
- Geocells
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for geosynthetics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Geosynthetics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the geosynthetics market include GSE Holdings Inc.,, Koninklijke Ten Cate N.V., Officine Maccaferri S.p.A., NAUE GmbH & Co. KG, Propex Operating Company, LLC, Low and Bonar PLC, TENAX Group, Fibertex Nonwovens A/S, Global Synthetics, AGRU America, TYPAR, HUESKER Group, PRS Geo-Technologies, Tensar International, Solmax. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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