Road Construction Segment to Dominate Asia Pacific Geogrid Market during 2020-2028
According to this research study titled “Asia Pacific Geogrid Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Type, Application, Manufacturing Method and Country,” the market is expected to reach US$ 770.07 million by 2028 from US$ 359.69 million in 2020. The market is estimated to grow at a CAGR of 10.0% from 2020 to 2028. The report provides trends prevailing in the Asia Pacific geogrid market along with the drivers and restraints pertaining to the market growth. Rising infrastructural activities and superior properties exhibited by geogrid are the major factors driving the growth of the Asia Pacific geogrid market. However, the regulations pertaining to raw materials and challenges in the product specification may hinder the growth of Asia Pacific geogrid market.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of geogrid manufacturing activities. Downfall in other chemical and materials manufacturing sectors has subsequently impacted the demand for geogrid during the early months of 2020. Moreover, decline in the overall reinforcement materials manufacturing activities has led to discontinuation of geogrid manufacturing projects, thereby reducing the demand for geogrid. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China, and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Asia Pacific geogrid is segmented into type, application, manufacturing method and country. Based on type, the market is segmented into uniaxial geogrid, biaxial geogrid, and triaxial geogrid. In 2019, the biaxial geogrid segment held the largest share in Asia Pacific geogrid market. Based on application, the Asia Pacific geogrid is bifurcated into road construction, railroad stabilization, and soil reinforcement. The soil reinforcement segment is expected to be the fastest growing segment over the forecast period. Based on manufacturing method, the Asia Pacific geogrid is broken into road extruded, knitted/woven, and bonded. In 2019, the extruded segment held the largest share in Asia Pacific geogrid market. Furthermore, in this present scenario of COVID-19 pandemic, the Asia Pacific geogrid market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for geogrid.
Tensar Corporation, Solmax, Huesker Synthetic GmBH, Naue GmBH and Co. Kg, Tmp Geosynthetics, BPM Geosynthetics, Bostd Geosynthetics Qingdao Ltd, Strata Systems, Inc., and Reed & Graham Inc. are some of the leading companies in the Asia Pacific geogrid market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia Pacific Geogrid Market as follows:
Asia Pacific Geogrid Market - By Type - Uniaxial Geogrid
Asia Pacific Geogrid Market - By Application - Road Construction
Asia Pacific Geogrid Market - By Manufacturing Method - Extruded
Asia Pacific Geogrid Market - By Country - China
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of geogrid manufacturing activities. Downfall in other chemical and materials manufacturing sectors has subsequently impacted the demand for geogrid during the early months of 2020. Moreover, decline in the overall reinforcement materials manufacturing activities has led to discontinuation of geogrid manufacturing projects, thereby reducing the demand for geogrid. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China, and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Asia Pacific geogrid is segmented into type, application, manufacturing method and country. Based on type, the market is segmented into uniaxial geogrid, biaxial geogrid, and triaxial geogrid. In 2019, the biaxial geogrid segment held the largest share in Asia Pacific geogrid market. Based on application, the Asia Pacific geogrid is bifurcated into road construction, railroad stabilization, and soil reinforcement. The soil reinforcement segment is expected to be the fastest growing segment over the forecast period. Based on manufacturing method, the Asia Pacific geogrid is broken into road extruded, knitted/woven, and bonded. In 2019, the extruded segment held the largest share in Asia Pacific geogrid market. Furthermore, in this present scenario of COVID-19 pandemic, the Asia Pacific geogrid market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for geogrid.
Tensar Corporation, Solmax, Huesker Synthetic GmBH, Naue GmBH and Co. Kg, Tmp Geosynthetics, BPM Geosynthetics, Bostd Geosynthetics Qingdao Ltd, Strata Systems, Inc., and Reed & Graham Inc. are some of the leading companies in the Asia Pacific geogrid market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia Pacific Geogrid Market as follows:
Asia Pacific Geogrid Market - By Type - Uniaxial Geogrid
- Biaxial Geogrid
- Triaxial Geogrid
Asia Pacific Geogrid Market - By Application - Road Construction
- Railroad Stabilization
- Soil Reinforcement
Asia Pacific Geogrid Market - By Manufacturing Method - Extruded
- Knitted/Woven
- Bonded
Asia Pacific Geogrid Market - By Country - China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Geogrid Market Landscape
5. Asia Pacific Geogrid Market - Key Market Dynamics
6. Geogrid - Asia Pacific Market Analysis
7. Asia Pacific Geogrid Market Analysis - By Type
8. Asia Pacific Geogrid Market Analysis - By Application
9. Asia Pacific Geogrid Market Analysis - By Manufacturing Method
10. Asia Pacific Geogrid Market Analysis - Country Analysis
11. Impact of COVID-19 Pandemic on Asia Pacific Geogrid Market
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tensar Corporation
- Solmax
- Huesker Synthetic GmBH
- Naue GmBH and Co. Kg
- Tmp Geosynthetics
- BPM Geosynthetics
- Bostd Geosynthetics Qingdao Ltd.
- Strata Systems, Inc.
- Reed & Graham Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 111 |
| Published | June 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 359.69 Million |
| Forecasted Market Value ( USD | $ 770.07 Million |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Asia Pacific |
