North America Geogrid Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Uniaxial Geogrid, Biaxial Geogrid, and Triaxial Geogrid), Application (Road Construction, Railroad Stabilization, and Soil Reinforcement), Manufacturing Method (Extruded, Knitted/Woven, and Bonded)

TIPRE00022795 | Pages: 111 | Chemicals and Materials | Jun 2021 | Type: Regional | Status: Published

Market Introduction

The North America geogrid market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The North American region constitutes developed economies such as US, Canada, and Mexico as a developing nation. The rise in the infrastructural development activities around the world specifically in countries such as the US and other countries have led to an increase in the demand for geogrid. Geogrids are basically flexible structure and is mostly used to reinforce as well as paving the foundation layer which helps in strengthening and expanding the lifespan of the infrastructural work. The demand for geogrids to be used in infrastructural activities has also increased due to the high resistance against physical degradation and loss of rigidity which is due to chemical aggressive environments. The geogrid provides low maintenance requirement for infrastructures as well as better sustainability which will maintain the infrastructural work for a longer period. In the US, the government has planned to increase investment in infrastructure construction, which will basically include roads, ports and bridges, telecommunications, energy & utilities, and water and sewerage, are expected to raise adoption of geogrid in the coming years. The government in countries such as Mexico are investing a lot for the development of rail tracks as well as road transportation which will lead to an increase in demand of geogrids to help in the development of these infrastructural structures.

In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of geogrid manufacturing activities. Downfall of 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 North American countries, i.e., Mexico, Canada, Panama, and Costa Rica. 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.

 


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Market Overview and Dynamics

The geogrid market in North America is expected to grow from US$ 285.12 million in 2020 to US$ 588.36 million by 2028; it is estimated to grow at a CAGR of 9.5 % from 2020 to 2028. The companies which are manufacturing geogrids are always looking to innovate the products provided by them. Previously, geogrids were usually made form materials such as polyester and propylene, but now high-density polyethylene materials are also used to produce geogrids. The geogrids made from HDPE resist elongation when they are subjected to heavy loads for long period. Due to HDPE resins these kinds of geogrids are mostly used with a variety of backfill materials that includes recycled concrete as well as on-site soils. The companies are also providing geogrids that can be customized and can be produced according to specific roll lengths as well as the widths and grid aperture/opening sizes without making any comprise on the structural integrity. Thus, such innovations are going to be the future of the geogrid industries. For instance, HUESKER has produced the world's first geogrid which is made from 100% recycled PET. With the introduction of the new product, the company is basically focusing on providing more environmentally friendly solutions which will help in conserving the natural resources during production. Strata provides StrataGrid which is a polyester, flexible, high-performance geogrid that is mostly used in soil reinforcement and other civil engineering applications.


Key Market Segments

Based on type the biaxial geogrid segment accounted for the largest share of the North America geogrid market in 2019. Based on application, the road construction segment held a larger market share of the North America geogrid market in 2019.  Based on manufacturing method, the extruded segment held a larger market share of the North America geogrid market in 2019. Biaxial geogrid is a type of geogrid which is made from high polymer. Biaxial geogrid consists of high tensile strength which is in both transverse and longitudinal directions. This type of geogrid is basically made through the process of extruding, punching, sheet forming and stretching. This type of geogrid basically provides good bearing capacity which can enhance soil structure and prevent soil erosion. This type of geogrid is often used in road construction to prevent the road from reflective and fatigue cracking. Biaxial geogrid is used to improve the long-term durability of the subgrade as well as reduces road maintenance costs. Geogrids also provides support for the construction of access roads, highways and applications on weak subgrades which earlier required expensive over-excavating and replacing. This type of geogrid has good resistance to long term degradation which makes it suitable for various applications, such as embankment reinforcement, soil stabilization, slope protection, wall reinforcement, and other permanent load bearing foundation reinforcement which in turn lead to an increased demand for biaxial geogrid. These products are mostly used in subbase reinforcement, soil stabilization, foundation engineering, and highway construction applications.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America geogrid market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include BPM Geosynthetics, Huesker Synthetic GmbH, Tensar Corporation, NAUE GmbH & Co. KG, Carthage Mills, Inc, Solmax, Bostd Geosynthetics Qingdao Ltd., Thrace Group, Tmp Geosynthetics, Strata Systems, Inc., and Reed & Graham, Inc.

Reasons to buy report

  • To understand the North America geogrid market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America geogrid market
  • Efficiently plan M&A and partnership deals in North America geogrid market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America geogrid market
  • Obtain market revenue forecast for market by various segments from 2018-2028 in North America region.



North America Geogrid Market Segmentation

North America Geogrid Market -By Type

  • Uniaxial Geogrid
  • Biaxial Geogrid
  • Triaxial Geogrid

North America Geogrid Market -By Application

  • Road Construction
  • Railroad Stabilization
  • Soil Reinforcement

North America Geogrid Market – By Manufacturing Method

  • Extruded
  • Knitted/Woven
  • Bonded

North America Geogrid Market – By Country

  • US
  • Canada
  • Mexico

North America Geogrid Market – Company Profiles

  1. BPM Geosynthetics
  2. Huesker Synthetic GmbH
  3. Tensar Corporation
  4. NAUE GmbH & Co. KG
  5. Carthage Mills, Inc.
  6. Solmax
  7. Bostd Geosynthetics Qingdao Ltd.
  8. Thrace Group
  9. Tmp Geosynthetics
  10. Strata Systems, Inc.
  11. Reed & Graham, Inc.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Geogrid Market, by Type

1.3.2        North America Geogrid Market, by Application

1.3.3        North America Geogrid Market, by Manufacturing Method

1.3.4        North America Geogrid Market, by Country

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           North America Geogrid Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Expert Opinion

5.           North America Geogrid Market – Key Market Dynamics

5.1         Drivers

5.1.1        Increase in Infrastructural Activities

5.1.2        Superior Properties Associated with Geogrid. Error! Bookmark not defined.

5.2         Restraint Error! Bookmark not defined.

5.2.1        Regulations Related to Raw Materials and Challenges in Product Specification. Error! Bookmark not defined.

5.3         Opportunity. Error! Bookmark not defined.

5.3.1        Adoption of Natural Geogrid. Error! Bookmark not defined.

5.4         Future Trend. Error! Bookmark not defined.

5.4.1        Product Innovations in Geogrid Industry. Error! Bookmark not defined.

5.5         Impact Analysis of Drivers and Restraints

6.           Geogrid – North America Market Analysis

6.1         Geogrid Market Overview

6.2         Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)

6.3         US Geogrid Market Player Positioning/Market Share. Error! Bookmark not defined.

7.           North America Geogrid Market Analysis – By Type

7.1         Overview

7.2         North America Geogrid Market Breakdown, By Type, 2019 & 2028

7.3         Uniaxial Geogrid

7.3.1        Overview

7.3.2        Uniaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)

7.4         Biaxial Geogrid. Error! Bookmark not defined.

7.4.1        Overview.. Error! Bookmark not defined.

7.4.2        Biaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

7.5         Triaxial Geogrid. Error! Bookmark not defined.

7.5.1        Overview.. Error! Bookmark not defined.

7.5.2        Triaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

8.           North America Geogrid Market Analysis – By Application

8.1         Overview

8.2         Geogrid Market Breakdown, By Application, 2019 & 2028. Error! Bookmark not defined.

8.3         Road Construction

8.3.1        Overview

8.3.2        Road Construction: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)

8.4         Railroad Stabilization. Error! Bookmark not defined.

8.4.1        Overview.. Error! Bookmark not defined.

8.4.2        Railroad Stabilization: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

8.5         Soil Reinforcement Error! Bookmark not defined.

8.5.1        Overview.. Error! Bookmark not defined.

8.5.2        Soil Reinforcement: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

9.           North America Geogrid Market Analysis – By Manufacturing Method

9.1         Overview

9.2         Geogrid Market Breakdown, By Manufacturing Method, 2019 & 2028. Error! Bookmark not defined.

9.3         Extruded

9.3.1        Overview

9.3.2        Extruded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)

9.4         Knitted/Woven. Error! Bookmark not defined.

9.4.1        Overview.. Error! Bookmark not defined.

9.4.2        Knitted/Woven: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

9.5         Bonded. Error! Bookmark not defined.

9.5.1        Overview.. Error! Bookmark not defined.

9.5.2        Bonded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

10.        North America Geogrid Market Analysis – Country Analysis

10.1      Overview

10.1.1     North America: Geogrid Market, by Key Country

10.1.1.1       US: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)

10.1.1.1.1       US: Geogrid Market, by Type

10.1.1.1.2       US: Geogrid Market, by Application. Error! Bookmark not defined.

10.1.1.1.3       US: Geogrid Market, by Manufacturing Method. Error! Bookmark not defined.

10.1.1.2       Canada: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

10.1.1.2.1       Canada: Geogrid Market, by Type. Error! Bookmark not defined.

10.1.1.2.2       Canada: Geogrid Market, by Application. Error! Bookmark not defined.

10.1.1.2.3       Canada: Geogrid Market, by Manufacturing Method. Error! Bookmark not defined.

10.1.1.3       Mexico: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

10.1.1.3.1       Mexico: Geogrid Market, by Type. Error! Bookmark not defined.

10.1.1.3.2       Mexico: Geogrid Market, by Application. Error! Bookmark not defined.

10.1.1.3.3       Mexico: Geogrid Market, by Manufacturing Method. Error! Bookmark not defined.

11.        Impact of COVID-19 Pandemic on North America Geogrid Market

11.1      Impact of COVID-19 on Geogrid Market

11.1.1     North America: Impact Assessment of COVID-19 Pandemic

12.        Company Profiles

12.1      BPM Geosynthetics

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Huesker Synthetic GmbH.. Error! Bookmark not defined.

12.2.1     Key Facts. Error! Bookmark not defined.

12.2.2     Business Description. Error! Bookmark not defined.

12.2.3     Products and Services. Error! Bookmark not defined.

12.2.4     Financial Overview.. Error! Bookmark not defined.

12.2.5     SWOT Analysis. Error! Bookmark not defined.

12.2.6     Key Developments. Error! Bookmark not defined.

12.3      Tensar Corporation. Error! Bookmark not defined.

12.3.1     Key Facts. Error! Bookmark not defined.

12.3.2     Business Description. Error! Bookmark not defined.

12.3.3     Products and Services. Error! Bookmark not defined.

12.3.4     Financial Overview.. Error! Bookmark not defined.

12.3.5     SWOT Analysis. Error! Bookmark not defined.

12.3.6     Key Developments. Error! Bookmark not defined.

12.4      NAUE GmbH & Co. KG.. Error! Bookmark not defined.

12.4.1     Key Facts. Error! Bookmark not defined.

12.4.2     Business Description. Error! Bookmark not defined.

12.4.3     Products and Services. Error! Bookmark not defined.

12.4.4     Financial Overview.. Error! Bookmark not defined.

12.4.5     SWOT Analysis. Error! Bookmark not defined.

12.4.6     Key Developments. Error! Bookmark not defined.

12.5      Carthage Mills, Inc. Error! Bookmark not defined.

12.5.1     Key Facts. Error! Bookmark not defined.

12.5.2     Business Description. Error! Bookmark not defined.

12.5.3     Products and Services. Error! Bookmark not defined.

12.5.4     Financial Overview.. Error! Bookmark not defined.

12.5.5     SWOT Analysis. Error! Bookmark not defined.

12.5.6     Key Developments. Error! Bookmark not defined.

12.6      Solmax. Error! Bookmark not defined.

12.6.1     Key Facts. Error! Bookmark not defined.

12.6.2     Business Description. Error! Bookmark not defined.

12.6.3     Products and Services. Error! Bookmark not defined.

12.6.4     Financial Overview.. Error! Bookmark not defined.

12.6.5     SWOT Analysis. Error! Bookmark not defined.

12.6.6     Key Developments. Error! Bookmark not defined.

12.7      Bostd Geosynthetics Qingdao Ltd. Error! Bookmark not defined.

12.7.1     Key Facts. Error! Bookmark not defined.

12.7.2     Business Description. Error! Bookmark not defined.

12.7.3     Products and Services. Error! Bookmark not defined.

12.7.4     Financial Overview.. Error! Bookmark not defined.

12.7.5     SWOT Analysis. Error! Bookmark not defined.

12.7.6     Key Developments. Error! Bookmark not defined.

12.8      Thrace Group. Error! Bookmark not defined.

12.8.1     Key Facts. Error! Bookmark not defined.

12.8.2     Business Description. Error! Bookmark not defined.

12.8.3     Products and Services. Error! Bookmark not defined.

12.8.4     Financial Overview.. Error! Bookmark not defined.

12.8.5     SWOT Analysis. Error! Bookmark not defined.

12.8.6     Key Developments. Error! Bookmark not defined.

12.9      Tmp Geosynthetics. Error! Bookmark not defined.

12.9.1     Key Facts. Error! Bookmark not defined.

12.9.2     Business Description. Error! Bookmark not defined.

12.9.3     Products and Services. Error! Bookmark not defined.

12.9.4     Financial Overview.. Error! Bookmark not defined.

12.9.5     SWOT Analysis. Error! Bookmark not defined.

12.9.6     Key Developments. Error! Bookmark not defined.

12.10   Strata Systems, Inc. Error! Bookmark not defined.

12.10.1  Key Facts. Error! Bookmark not defined.

12.10.2  Business Description. Error! Bookmark not defined.

12.10.3  Products and Services. Error! Bookmark not defined.

12.10.4  Financial Overview.. Error! Bookmark not defined.

12.10.5  SWOT Analysis. Error! Bookmark not defined.

12.10.6  Key Developments. Error! Bookmark not defined.

12.11   Reed & Graham, Inc. Error! Bookmark not defined.

12.11.1  Key Facts. Error! Bookmark not defined.

12.11.2  Business Description. Error! Bookmark not defined.

12.11.3  Products and Services. Error! Bookmark not defined.

12.11.4  Financial Overview.. Error! Bookmark not defined.

13.        Appendix

13.1      About The Insight Partners

              13.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2.             US Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)

Table 3.             US Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 4.             US Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 5.             Canada Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 6.             Canada Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 7.             Canada Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 8.             Mexico Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 9.             Mexico Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 10.          Mexico Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Table 11.          Glossary of Terms, North America Geogrid Market

LIST OF FIGURES

Figure 1.           North America Geogrid Market Segmentation

Figure 2.           North America Geogrid Market Segmentation – By Country

Figure 3.           North America Geogrid Market Overview

Figure 4.           Biaxial Geogrid Segment Held Largest Share of North America Geogrid Market Error! Bookmark not defined.

Figure 5.           US Held Largest Share of North America Geogrid Market Error! Bookmark not defined.

Figure 6.           North America Geogrid Market, Industry Landscape. Error! Bookmark not defined.

Figure 7.           North America: PEST Analysis

Figure 8.           Expert Opinion

Figure 1.           Geogrid Market Impact Analysis of Drivers and Restraints

Figure 2.           North America Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 3.           North America Geogrid Market Breakdown, By Type, 2019 & 2028

Figure 4.           Uniaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)

Figure 5.           Biaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 6.           Triaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 7.           Geogrid Market Breakdown, By Applicaion, 2019 & 2028 (%) Error! Bookmark not defined.

Figure 8.           Road Construction: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)

Figure 9.           Railroad Stabilization: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 10.        Soil Reinforcement: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 11.        Geogrid Market Breakdown, By Manufacturing Method, 2019 & 2028 (%) Error! Bookmark not defined.

Figure 12.        Extruded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)

Figure 13.        Knitted/Woven: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 14.        Bonded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 15.        North America: Geogrid Market, by Key Country – Revenue (2019) (USD Million)

Figure 16.        North America: Geogrid Market Revenue Share, by Key Country (2019 and 2028)

Figure 17.        US: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 18.        Canada: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 19.        Mexico: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn) Error! Bookmark not defined.

Figure 20.        Impact of COVID-19 Pandemic in North American Country Markets

  1. BPM Geosynthetics
  2. Huesker Synthetic GmbH
  3. Tensar Corporation
  4. NAUE GmbH & Co. KG
  5. Carthage Mills, Inc.
  6. Solmax
  7. Bostd Geosynthetics Qingdao Ltd.
  8. Thrace Group
  9. Tmp Geosynthetics
  10. Strata Systems, Inc.
  11. Reed & Graham, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America geogrid market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America geogrid market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America geogrid market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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