Ongoing Research Report
In the News
July 2019: As per Industrial Fabrics Association International (IFAI), Huesker launched the world’s first geogrid made from 100% recycled polyethylene terephthalate (PET), the company is focusing on more environmentally friendly solutions such as use of innovative products and applications made of geosynthetics.
Introduction to Geosynthetics
Geosynthetics are the engineering materials made from various types of polymers which are designed to enhance and improve the mechanical and physical properties of soil. Geosynthetics are light, flexible, possess high tensile strength, stability and durability and are extendable on the application of loads. These products possess the ability to retain their properties when exposed to severe environmental conditions. Geosynthetics are available in a wide range of forms and materials to serve different purposes. They have a wide range of applications in projects such as transportation, hydraulic, roads, embankments, reservoirs, canals, dams, erosion and sediment control, landfill covers, mining, and agriculture.
Market Size and Forecast
Increasing demand from the infrastructure sector and rapid development in the construction industry along with the extensive usage of geosynthetics in waste management and irrigation projects are some of the significant factors boosting the market growth. The geosynthetics market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by product into geotextile, geomembrane, geocell, geocomposite, geosynthetic liner, geonet, geofoam and geogrid. Among these segments, the segment for geomembrane is anticipated to hold the leading share in the market on account of rise in application of geomembrane as a lining systems and waterproofing solution in waste water management, landfill lining, tunnel and railways. Furthermore, the demand for usage of geomembrane in transportation, mining, agricultural and roads & highways is significantly increasing.
Growth Drivers
Significant Demand in Infrastructure, Irrigation and Waste Management Projects to Boost the Market Growth
According to Geosynthetic Materials Association, geosynthetics are used in various applications such as roads and pavements, subsurface drainage, erosion and sediment control and seepage control systems.
The geosynthetics are widely used in huge projects to enhance civic amenities like infrastructure, environmental and transportation projects owing to its excellent material properties such as chemical and thermal resistivity, weatherability, stability, strength, and durability. Additionally, they are also used immensely in various applications such as mining and waste management and any other type containment facilities where they serve as a barrier from waste containment. Further, the market growth is attributed to ability of geosynthetics to provide reinforcement to the soil for preventing erosion and control seepage losses in irrigation projects. These factors are anticipated to significantly expand the geosynthetics market.
By Region
On the basis of regional analysis, the geosynthetics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for geosynthetics in Asia Pacific is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market geosynthetics. Moreover, the huge investments in construction industry in this region along with the favorable government policies for boosting infrastructural development, especially in countries such as India and China further increase the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of increasing demand of geosynthetics by public infrastructure, renewable energy, and commercial projects associated with civil transportation and waste management. Additionally, offering cost-effective products by the manufactures in this region combined with the growing demand for soil reinforcement in foundation work of residential buildings further raise the demand for geosynthetics.
The geosynthetics market is further classified on the basis of region as follows:
In the News
July 2019: As per Industrial Fabrics Association International (IFAI), Huesker launched the world’s first geogrid made from 100% recycled polyethylene terephthalate (PET), the company is focusing on more environmentally friendly solutions such as use of innovative products and applications made of geosynthetics.
Introduction to Geosynthetics
Geosynthetics are the engineering materials made from various types of polymers which are designed to enhance and improve the mechanical and physical properties of soil. Geosynthetics are light, flexible, possess high tensile strength, stability and durability and are extendable on the application of loads. These products possess the ability to retain their properties when exposed to severe environmental conditions. Geosynthetics are available in a wide range of forms and materials to serve different purposes. They have a wide range of applications in projects such as transportation, hydraulic, roads, embankments, reservoirs, canals, dams, erosion and sediment control, landfill covers, mining, and agriculture.
Market Size and Forecast
Increasing demand from the infrastructure sector and rapid development in the construction industry along with the extensive usage of geosynthetics in waste management and irrigation projects are some of the significant factors boosting the market growth. The geosynthetics market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by product into geotextile, geomembrane, geocell, geocomposite, geosynthetic liner, geonet, geofoam and geogrid. Among these segments, the segment for geomembrane is anticipated to hold the leading share in the market on account of rise in application of geomembrane as a lining systems and waterproofing solution in waste water management, landfill lining, tunnel and railways. Furthermore, the demand for usage of geomembrane in transportation, mining, agricultural and roads & highways is significantly increasing.
Growth Drivers
Significant Demand in Infrastructure, Irrigation and Waste Management Projects to Boost the Market Growth
According to Geosynthetic Materials Association, geosynthetics are used in various applications such as roads and pavements, subsurface drainage, erosion and sediment control and seepage control systems.
The geosynthetics are widely used in huge projects to enhance civic amenities like infrastructure, environmental and transportation projects owing to its excellent material properties such as chemical and thermal resistivity, weatherability, stability, strength, and durability. Additionally, they are also used immensely in various applications such as mining and waste management and any other type containment facilities where they serve as a barrier from waste containment. Further, the market growth is attributed to ability of geosynthetics to provide reinforcement to the soil for preventing erosion and control seepage losses in irrigation projects. These factors are anticipated to significantly expand the geosynthetics market.
By Region
On the basis of regional analysis, the geosynthetics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for geosynthetics in Asia Pacific is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market geosynthetics. Moreover, the huge investments in construction industry in this region along with the favorable government policies for boosting infrastructural development, especially in countries such as India and China further increase the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of increasing demand of geosynthetics by public infrastructure, renewable energy, and commercial projects associated with civil transportation and waste management. Additionally, offering cost-effective products by the manufactures in this region combined with the growing demand for soil reinforcement in foundation work of residential buildings further raise the demand for geosynthetics.
The geosynthetics market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Companies Mentioned
- Koninklijke Ten Cate bv
- GSE Environmental
- Officine Maccaferri S.p.A
- Low & Bonar PLC
- Tensar International Corporation
- Propex Operating Company, LLC
- Fibertex Nonwovens A/S
- SKAPS Industries
- Tenax Spa
- Hueskar Inc.
- Other Notable Players
Please note the number of players as well as the addition/deletion can be done in the final deliverable as per the feasibility
