IMARC Group’s latest research report, titled “Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” provides an extensive analysis of the industry, including geosynthetics market size, share, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market. The global geosynthetics market size reached US$ 12.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.
Geosynthetics Market Overview:
Geosynthetics refers to synthetic products used to improve soil conditions. They are commonly composed of natural or polymeric materials, such as geotextiles, geogrids, geonets, geocells, geomembranes, and geocomposites, that are used with soil, rock, or any other related building materials. They are planar products made of petrochemical-based polymers, including polyester, polypropylene (PP), polyvinyl chloride (PVC), polystyrene, and polyethylene (PE). These substances are biologically inert and will not decompose from fungal or bacterial action. Geosynthetics are highly cost-effective, durable, versatile, and capable of enhancing the mechanical and physical properties of the soil, allowing it to withstand harsh climatic conditions. Therefore, they are widely employed as an alternative to other stabilization methods, such as excavation, dewatering, and replacement via chemical stabilization, to stabilize terrain and resolve various civil engineering issues, including drainage, filtration, reinforcement, separation, containment, barrier, and erosion control. Currently, geosynthetics are extensively used across various geotechnical and civil engineering applications, such as coastal engineering, canals, dams, reservoirs, embankments, retaining structures, railroads, airfields, and roads.
Get Sample Copy of Report at – https://www.imarcgroup.com/geosynthetics-market/requestsample
Global Market Trends:
The expanding construction sector and rising instructional activities are primarily driving the global geosynthetics market growth. It is extensively employed across civil engineering applications, such as railroads, roads, harbors, and drainage structures, as they add rigidity and strengthens the asphalt, lowering the risk of erosion and extending its lifespan. Moreover, geosynthetics are widely utilized in filtering systems since they generate polyethylene threads, which improve the filtering effectiveness and inhibit the release of dangerous particles into the atmosphere, water bodies, and soil, thus aiding in market expansion. In line with this, the rising awareness about environmental issues is prompting the need for dynamic initiatives that properly handle water and waste.
This, in turn, is fuelling the demand for geomembranes and geosynthetic clay liners (GCLs) for managing food waste, e-waste, and medical waste, which is acting as another growth-inducing factor. In addition to this, escalating concerns about water contamination is propelling the adoption of geosynthetics in various flood mitigation operations and sewage treatment plants to protect water supplies, such as rivers, lakes, ponds, aquifers, and reservoirs. Furthermore, the increasing adoption of geomembranes as lining solutions in evaporation ponds, tailings management, and heap leaching across the mining industry is strengthening the market growth. Other factors, such as industrialization, rapid urbanization, rising population, and the easy availability of application-specific sizes and grades of geotextiles, are creating a positive outlook for the market.
Key Players Included in Global Geosynthetics Market Research Report:
- Fiberweb
- GEO Synthetics LLC
- Agru America Inc.
- Asahi Kasei Advance Corporation
- Belton Industries
- Polymer Group
- HUESKER inc
- Carthage Mills
- Thrace Group
- Hanes Geo Components
- Tenax Group
- GSE Environmental
- Swicofil AG
- Owens Corning
- Low Bonar etc.
Key Market Segmentation:
Market Breakup by Product:
- Geotextiles
- Geomembranes
- Geogrids
- Geonets
- Geosynthetic Clay Liner (GCL)
- Pre-Fabricated Vertical Drains (PVD)
- Others
Market Breakup by Type:
- Woven
- Non-Woven
- Knitted
- Others
Market Breakup by Material:
- Polypropylene
- Polyester
- Polyethylene
- Polyvinyl Chloride
- Synthetic Rubber
- Others
Market Breakup by Application:
- Road Construction and Pavement Repair
- Railroads
- Drainage Systems
- Soil Reinforcement and Erosion
- Water and Waste Management
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
