IMARC Group’s latest research report, titled “Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The geosynthetics market research report also includes competitor and regional analysis, and contemporary advancements in the market. The global geosynthetics market size reached US$ 12.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.
Geosynthetics Market Overview:
Geosynthetics are materials made from various polymers, used with geological materials, such as soil and rock, to enhance the behavior of various civil engineering works. These are classified into various products such as geotextile, geogrid, geonet, geomembrane, geocell, geofoam, and geocomposite. Extremely stiff, thick and durable in nature, the increasing usage of geosynthetics significantly improves soil conditions. It also performs a variety of functions, including barrier, drainage, filtration, protection, reinforcement, separation, and stiffening, which assists in improving the overall performance of roadways.
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Global Market Trends:
The global market is primarily driven by the growing awareness regarding the benefits of geosynthetics in civil construction. It helps in strengthening the underlying soil in roadways and railway tracks, thereby favorably impacting the market growth. Furthermore, the rising demand for the product in various environmental projects is positively influencing the market growth. Apart from this, the widespread utilization of non-biodegradable geosynthetic materials due to their long lifespan is creating a positive outlook for the market. Moreover, the adoption of geotextile in the reinforcement of soil due to its compatibility, porosity, permeability, tenacity, turbidity, high tearing and tensile strength is further catalyzing the market’s growth. Additionally, the ongoing large-scale infrastructure projects in developed and developing economies are creating numerous opportunities for the key market players across the globe.
Key Players Included in Global Geosynthetics Market Research Report:
- 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.
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Key Market Segmentation:
Market Breakup by Product:
- Geotextiles
- Geomembranes
- Geogrids
- Geonets
- Geosynthetic Clay Liner (GCL)
- Pre-Fabricated Vertical Drains (PVD)
- Others
Market Breakup by Type:
- Woven
- Non-Woven
- Knitted
- Others
Market Breakup by Material:
- Polypropylene
- Polyester
- Polyethylene
- Polyvinyl Chloride
- Synthetic Rubber
- Others
Market Breakup by Application:
- Road Construction and Pavement Repair
- Railroads
- Drainage Systems
- Soil Reinforcement and Erosion
- Water and Waste Management
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other
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