Research Nester released a report titled “Geosynthetics Market: Global Demand Analysis & Opportunity Outlook 2028″ which delivers detailed overview of the global geosynthetics market in terms of market segmentation by product, material, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Geosynthetics are the polymer materials designed to improve the mechanical and physical properties of soil. They are light, flexible, possess high tensile strength, stability and durability. Owing to its growing demand from the developing infrastructure industry as well as its immense application in mining, waste management, agriculture and irrigation projects combined with the several government initiatives and regulations, the geosynthetics market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028.
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The market is segmented by product into geotextile, geomembrane, geocell, geocomposite, geosynthetic liner, geonet, geofoam and geogrid, out of which, the geomembrane segment is anticipated to hold the leading share in the geosynthetics market. This can be attributed to increasing usage of geomembrane as a lining systems and waterproofing material in waste water management, railways, landfill lining, and tunnel and canal lining.
Based on the regional analysis, the geosynthetics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is predicted to hold the highest share on account of favourable government policies in India and China for increasing infrastructural development along with the large capital investments in construction and transportation industry, as well as for the presence of leading market players.
Growing Demand in Large Infrastructure and Irrigation Projects To Boost The Market Growth
According to Geosynthetic Materials Association, geosynthetics are used in various applications such as roads and pavements, subsurface drainage, erosion and sediment control and seepage control systems.
The demand for geosynthetics is high on account of application of geosynthetics products in infrastructure, environmental, transportation, mining and waste management projects owing to its favourable material properties as well as the ability to prevent soil erosion and control seepage losses in irrigation projects. Additionally, several governments across the world are undertaking initiatives and regulations related to the usage of geosynthetics. Furthermore, emphasis on elevating small-scale industries which uses geosynthetics products owing to the improving trade relations are some of the factors anticipated to significantly expand the geosynthetics market. However, high price volatility of raw materials is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global geosynthetics market which includes company profiling of Koninklijke Ten Cate bv, Hueskar, Inc., GSE Environmental, Officine Maccaferri S.p.A, Low & Bonar PLC, Tensar International Corporation, Propex Operating Company, LLC., Fibertex Nonwovens A/S, SKAPS Industries and Tenax Spa.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global geosynthetics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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