Geosynthetics Global Market Size, Share, Trend Analysis, By Product Type, By Application, By End User, By Regional Forecast 2024-2033
The Geosynthetics Global
Market Report 2024 by The Business Research Company provides market overview
across 60+ geographies in the seven regions - Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, the Middle East, and Africa,
encompassing 27 major global industries. The report presents a comprehensive
analysis over a ten-year historic period (2010-2021) and extends its insights
into a ten-year forecast period (2023-2033).
Learn More On The Geosynthetics Market:
https://www.thebusinessresearchcompany.com/report/geosynthetics-global-market-report
According to The Business Research Company’s Geosynthetics Global Market Report
2024, The geosynthetics market size has grown strongly in recent years. It will
grow from $12.65 billion in 2023 to $13.79 billion in 2024 at a compound annual
growth rate (CAGR) of 9.0%. The growth
in the historic period can be attributed to infrastructure development,
environmental regulations, urbanization, landfill construction, mining and oil
& gas.
The geosynthetics market size is expected to see strong growth in the next few
years. It will grow to $19.45 billion in 2028 at a compound annual growth rate
(CAGR) of 9.0%. The growth in the
forecast period can be attributed to climate change resilience, waste
management and recycling, infrastructure resilience, water and wastewater
treatment, coastal protection. Major trends in the forecast period include
geosynthetic reinforcement for roadways, geosynthetic liners in landfills,
geotextiles in agriculture, advanced geocomposite technologies, sustainable
material innovations.
The growth of the construction industry is contributing to the growth of the
geosynthetics market. The construction industry mainly involves building and
repairing structures. Geosynthetics are considered to improve the quality of
factory-manufactured construction products as they provide an economical
solution for various functions such as separation, filtration, reinforcement,
drainage, waterproofing, erosion control, containment, and protection. For
instance, according to the Indian Ministry of Statistics and Programme
Implementation, in 2022, the construction sector is expected to grow in double
digits at 10.7%. Therefore, the growth of the construction industry is expected
to drive the growth of the geosynthetics market going forward.
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The geosynthetics market covered in this report is segmented –
1) By Type: Geotextiles, Geomembranes, Geogrids, Geofoam, Geonets, Other Types
2) By Material: Polyethylene, Polypropylene, Polyester, PVC, Other Materials
3) By Function: Separation, Filtration, Drainage, Reinforcement, Protection
(Cushion), Barrier Or Containment, Erosion Control
4) By Application: Waste Management, Water Management, Transportation Infrastructure,
Civil Construction, Other Applications
Strategic partnerships and collaborations have emerged as a key trend gaining
popularity in the geosynthetics market. Major companies operating in the market
are focusing on partnerships and collaborations to lead the market. For
instance, in April 2022, Commercial Metals Co, a US-based steel and metal
manufacturer acquired Tensar International Corp for an undisclosed amount. This
acquisition advances CMC’s strategy to expand leadership in construction reinforcement
with value-added products that complement the existing offerings. Tensar
Corporation is a US-based manufacturer of proven geosynthetic products.
The geosynthetics market report table of contents includes:
1. Executive Summary
2. Geosynthetics Market
Characteristics
3. Geosynthetics Market
Trends And Strategies
4. Geosynthetics Market -
Macro Economic Scenario
5. Global Geosynthetics
Market Size and Growth
.
.
.
31. Global Geosynthetics
Market Competitive Benchmarking
32. Global Geosynthetics
Market Competitive Dashboard
33. Key Mergers And
Acquisitions In The Geosynthetics Market
34. Geosynthetics Market
Future Outlook and Potential Analysis
35. Appendix
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