Overview and Scope
Geosynthetics are man-made synthetic materials that are in the shape of strips, sheets, or three-dimensional structures constructed of polymeric or natural materials. They are simple to prepare and transport and they can aid in the greening of construction projects. Geosynthetics have been effectively used to conduct a variety of functions that considerably contribute to the good performance of roadways.
Sizing and Forecast
The geosynthetics market size has grown strongly in recent years. It will grow from <b>$12.65 billion in 2023 to $13.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the historic period can be attributed to infrastructure development, environmental regulations, urbanization, landfill construction, mining and oil & gas.
The geosynthetics market size is expected to see strong growth in the next few years. It will grow to <b>$19.45 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the forecast period can be attributed to climate change resilience, waste management and recycling, infrastructure resilience, water and wastewater treatment, coastal protection. Major trends in the forecast period include geosynthetic reinforcement for roadways, geosynthetic liners in landfills, geotextiles in agriculture, advanced geocomposite technologies, sustainable material innovations.
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Segmentation & Regional Insights
The geosynthetics market covered in this report is segmented –
1) By Type: Geotextiles, Geomembranes, Geogrids, Geofoam, Geonets, Other Types
2) By Material: Polyethylene, Polypropylene, Polyester, PVC, Other Materials
3) By Function: Separation, Filtration, Drainage, Reinforcement, Protection (Cushion), Barrier Or Containment, Erosion Control
4) By Application: Waste Management, Water Management, Transportation Infrastructure, Civil Construction, Other Applications
<b>Asia-pacific</b> was the largest region in geosynthetics market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the geosynthetics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growth of the construction industry is contributing to the growth of the geosynthetics market. The construction industry mainly involves building and repairing structures. Geosynthetics are considered to improve the quality of factory-manufactured construction products as they provide an economical solution for various functions such as separation, filtration, reinforcement, drainage, waterproofing, erosion control, containment, and protection. For instance, according to the Indian Ministry of Statistics and Programme Implementation, in 2022, the construction sector is expected to grow in double digits at 10.7%. Therefore, the growth of the construction industry is expected to drive the growth of the geosynthetics market going forward.
Key Industry Players
Major companies operating in the geosynthetics market include <b> Koninklijke Ten Cate BV, GSE Holdings Inc., NAUE GmbH & Co. KG, Fibertex Nonwovens A/S, HUESKER Synthetic GmbH, Tensar International Corporation, AGRU America Inc., Low & Bonar PLC, Groupe Solmax Inc., Officine Maccaferri SpA, Asahi Kasei Advance Corporation, Belton Industries Inc., Propex Operating Company LLC, Global Synthetics Pty Ltd., TYPAR, Tenax Pidilite India Private Limited, Solmax International Inc., CETCO Minerals Technologies Inc., Carthage Mills, Geofabrics Australasia, Geosynthetics Limited, Hanes Geo Components, Kaytech Engineered Fabrics, Maccaferri Canada Ltd., Mattex Geosynthetics, Nilex Inc., Owens-Corning Fiberglass Company, Polymer Group Inc., Presto Geosystems, Raven Industries, Strata Systems, TenCate Geosynthetics Americas, Thrace Group, Titan Environmental Containment, Tuflex India Pvt. Ltd., Wrekin Products Ltd. </b>
The geosynthetics market report table of contents includes:
- Executive Summary
- Geosynthetics Market Characteristics
- Geosynthetics Market Trends And Strategies
- Geosynthetics Market – Macro Economic Scenario
- Global Geosynthetics Market Size and Growth
………..
- Global Geosynthetics Market Competitive Benchmarking
- Global Geosynthetics Market Competitive Dashboard
- Key Mergers And Acquisitions In The Geosynthetics Market
- Geosynthetics Market Future Outlook and Potential Analysis
- Appendix
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