Current and Projected Geosynthetics Market size in terms of volume and value 2015-2025
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Geosynthetics is a class of synthetic products that are used mainly in construction and geotechnical engineering applications. These are versatile, highly durable materials and serve as cost-effective alternatives in geotechnical, environmental and hydraulic applications. Geosynthetics are made up of durable polymers such as High-density polyethylene (HDPE), Polypropylene (PP), Polyester, these Geosynthetics are incorporated in order to act as separators, filters, reinforcements, drainage facilitators and as liquid and gas barriers. As such, Geosynthetics, owing to their favourable physical properties includes strength, stiffness, durability and many others it is widely used in civil engineering, road industry,soil reinforcement, mining, among others.
Geosynthetics Market: Opportunities, Drivers & Restraints
Over the recent past, the growing adoption of Geosynthetics across the globe has resulted in a steady growth of Geosynthetics. Moreover, increasing investments in infrastructure and environmental projects by both, developing and developed countries are likely to drive the growth of Geosynthetics market. Also increasing demand from waste treatment applications, transportation sector and regulatory support on account of enhancing civic amenities, several projects were taken by national government which has continued to fuel the growth in the Geosynthetics market. However, volatility of raw material prices used in manufacture of Geosynthetics is a major restraint to the growth of Geosynthetics market.
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Geosynthetics Market: Segmentation
Global Geosynthetics market can be segmented into various key segments depending on the type of product, material types and on the basis of region. Based on type of product, global geosynthetics market can be segmented into geotextiles, geogrids, geocells, geomembranes, geocomposites, geosynthetic foams and geosynthetic clay liners. Geotextiles are geosynthetics made up of woven (fibers on cloth like material) and non-woven (randomly oriented fibre) materials; geogrids are used for stabilization and reinforcement of waste masses, geocells are used in earth retention applications, rail road support, for protecting bunkers and walls. Geomembranes are an impermeable membranes which are used for canal lining, tunnel lining and land fill linings. Geocomposites combine features of two or more geosynthetics and find applications in drainage among others. Geofoams are lightweight blocks which act as void filling materials in certain construction applications. Lastly, geosynthetic clay liners are fabric-like materials used for lining of landfills.
On the other hand, by material types, global geosynthetics market comprises following segments HDPE, polypropylene, polyester and other polymeric alloys based geosynthetics. Lastly, depending on the geographic regions, global geosynthetics market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
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Geosynthetics Market: Region-wise Outlook
Asia Pacific accounts for the largest share of global geosynthetics market and is expected to emerge as the fastest growing market for geosynthetics during the forecast period. Countries like India, China and Russia in particular, are expected to witness robust growth in adoption of geosynthetics in construction and geotechnical projects. Among the product type based segments of global geosynthetics market, geotextiles segment accounts for the largest share in market value.
The global Geosynthetics market growth is driven majorly by their increased adoption in a variety of applications in construction sector, emergence of these as viable alternatives in waste and water applications has further bolstered global geosynthetics market growth. Moreover, increasing number of infrastructure development projects in developing countries and increasing demand of geosynthethics in roadways and rail construction applications across the globe has resulted in a steady growth of global geosynthetics market.
Geosynthetics Market: Key Players
Some of the participants in global Geosynthetics market are NAUE GmbH & Co. KG, GSE Environmental, Low & Bonar PLC, TenCate Geosynthetics, GEO Synthetics LLC, Huifeng Geosynthetics, Tenax Corporation, Polymer Group, Inc. and others.
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