Geosynthetics Market by Material (Polypropylene, Polyethylene, Polyester, PVC, Others), Type (Geotextiles, Geomembranes, Geogrids, Geofoams, and Others), Application (Reinforcement, Filtration, Drainage, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 9.23 billion mark in 2022 and is expected to hit US$ 14.43 billion by 2030, recording a CAGR of 5.7% during the forecast period.
Growing demand from the infrastructure sector drives the geosynthetics market
The construction industry's demand for geosynthetics has been increasing due to worldwide emerging waste and water management projects. Also, in developing economies, the green roof and walls in the drainage system are extensively used, which further propels the demand for geosynthetics. The geotextiles segment is expected to pace because it has a huge demand for road and railway embankments, earth dikes, and coastal protection structures. This is specially designed to perform one or more essential functions such as filtration, drainage, separation of soil layers, reinforcement, or stabilization. Further, other segments such as geomembranes, geogrids, and geofoams are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into material, type, application, and geography. By material, the market is further segmented into polypropylene, polyethene, polyester, PVC, and others. On the basis of type, the market is segmented into geotextiles, geomembranes, geogrids, geofoams, and others. By application, the market is categorized into reinforcement, filtration, drainage, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Increasing population and urbanization, coupled with increasing industrialization in developing economies in Asia Pacific
Geosynthetics are synthetic materials made of polymers used on natural terrain with rock and soil to overcome civil engineering problems. Geosynthetics include geotextiles, geogrids, geonets, geomembrane, and geocomposites, actively employed in agriculture and various construction projects. They serve the function of reinforcement, filtration, separation, barriers, and protection as tailored. Geosynthetics enable the design and construction of all types of roads and highways. In addition, geosynthetics reduce the maintenance cycle and increase the durability of roads and buildings.
Increased investment in the coal and mining industry anticipates lucrative opportunities for the growth of the geosynthetics market
Geosynthetics are widely used in the mining industry. The manufacturers are extensively investing in the iron & metal industry and rare-earth metals industry. The increasing adoption of advanced extraction processes in the mining industry is expected to drive the geosynthetics market during the forecast period.
Recent strategic developments in geosynthetics market
The geosynthetics market has undergone several significant developments, and a few of these have been mentioned below:
- In In May 2019, NAUE expanded its geogrid production capacity with a new manufacturing line at the Germany facility.
- In June 2017, Tensar International Corporation newly developed its TriAx geogrid utilized in the transportation industry.
The geosynthetics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Vufine, Samsung Electronics, LG Display, Lumus, Truly Semiconductors, AU Optronics, Japan Display, and Hewlett Packard Enterprise Development LP are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Polypropylene providers
- Polyethylene providers
- Polyester providers
- PVC providers
- Geosynthetics-related service providers
- Geosynthetics associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Geosynthetics distributors and sales firms
- End users of geosynthetics
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Material:
- Polypropylene
- Polyethylene
- Polyester
- PVC
- Others
- Type:
- Geotextiles
- Geomebranes
- Geogrids
- Geofoams
- Others
- Application:
- Reinforcement
- Filtration
- Drainage
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- AGRU America, Inc.
- Belton Industries, Inc.
- DuPont
- Berry Global Inc
- TENAX SPA
Companies profiled
- AGRU America, Inc.
- Belton Industries, Inc.
- DuPont
- Berry Global Inc
- TENAX SPA