Geosynthetics Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights 2029 | Top Players- Koninklijke Ten Cate B.V., GSE Environmental Inc., Officine Maccaferri S.p.A., Low & Bonar PLC.
Geosynthetics Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights 2029 | Top Players- Koninklijke Ten Cate B.V., GSE Environmental Inc., Officine Maccaferri S.p.A., Low & Bonar PLC.
Geosynthetics Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights 2029 | Top Players- Koninklijke Ten Cate B.V., GSE Environmental Inc., Officine Maccaferri S.p.A., Low & Bonar PLC.
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Geosynthetics Market
June 2021
Report Id : REP-GB-475
Published On : September-2019
Category : Chemicals and Materials
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Geosynthetics Market Analysis
Geosynthetics Market is Anticipated to Register at a Healthy CAGR of ~10% During the Forecast Period
2019 – 2029
A new market research study by Future Market Insights (FMI) on the global geosynthetics market
contains global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report
investigates the geosynthetics market and provides critical insights for the forecast period of 2019-2029.
The global geosynthetics market recorded the revenues worth ~US$ 9.4 Bn in 2018 and is estimated to
grow at a CAGR of ~ 10% in the projected period of 2019 - 2029.
As per the findings of the report, the global industrial geosynthetics market is anticipated to experience
substantial growth over the forecast period owing to growth in civil construction activities led by several
developing economies in the past few years. The report opines that the market growth is significantly
driven by increasing investments in public infrastructure development and modernization of existing
facilities across the globe.
APEJ’s Market Attractiveness Intact, Says FMI’s Report
Geosynthetic materials are witnessing increased usage in solid waste management for landfill
applications. These materials are used for separating and confining bulk waste. Countries such as China
and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in
demand for geosynthetics in the near future.
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Geosynthetics Market Analysis
Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic
products are estimated to witness significant deployment in road construction. The road construction
application segment is estimated to remain dominant in terms of geosynthetic material demand.
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Product Portfolio Enhancements & Technological Innovations
Several players are emphasizing on improving their product portfolios by introducing new products with better
quality and gauge variations. Manufacturers are primarily targeting high development areas and producing
application-specific products in order to gain higher market shares.
In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve
erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture
vegetation while resisting the challenges of precipitation and high-flow rates on soils.
Use of Different Materials to Enhance Strength and Durability
Involvement of a large number of local and global players in the geosynthetic market has compelled
manufacturers to offer innovative products, in order to generate significant demand. Many companies are
dedicating a huge amount of money for the research and development of new products and to increase the
properties of existing ones. Companies are continuously experimenting with geosynthetics in order to provide
products with enhanced mechanical properties and high reliability.
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Geosynthetics Market Analysis
As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment
among all types, and is expected to witness significant growth during the forecast period. Other
geosynthetic products such as geocell, geofoam, geopipes, etc., have limited and specific uses. However,
the segment has witnessed significant demand during the last five years.
Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based
non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance.
The use of metallocene PP offers relatively lightweight geotextiles and increased production.
Competitive analysis of the global geosynthetics market reveals that among the several active
participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a
relatively lower share, which has been attributed to high competition from a large number of local
players operating at low profit margins and have better accessibility within regional markets. Some of the
leading companies are also observed to be operating through their sales offices, or collaborating with
regional manufacturers.
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Geosynthetics Market Analysis
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Geosynthetics Market Analysis
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