Global Geosynthetics market growth 2024, Forecast To 2033
1 Feb, 2024
The geosynthetics market has demonstrated strong growth, advancing from $12.65 billion in 2023 to $13.79 billion in 2024, with a compound annual growth rate (CAGR) of 9.0%. The historic period attributes this growth to infrastructure development, environmental regulations, urbanization, landfill construction, and activities in mining and oil & gas. Expectations for continued strong growth are set at $19.45 billion in 2028, with a CAGR of 9.0%. This growth is linked to factors such as climate change resilience, advancements in waste management and recycling, enhanced infrastructure resilience, applications in water and wastewater treatment, and coastal protection efforts. Major trends in the forecast period include the reinforcement of roadways with geosynthetics, the use of geosynthetic liners in landfills, the application of geotextiles in agriculture, advancements in advanced geocomposite technologies, and innovations in sustainable materials.
Global Geosynthetics Market Key Driver
The geosynthetics market is experiencing growth due to the expansion of the construction industry, with an expected double-digit growth of 10.7% in 2022. Geosynthetics play a crucial role in enhancing the quality of construction products, offering cost-effective solutions for various functions. As the construction sector flourishes, the geosynthetics market is poised for growth.
Get A Free Sample Of The Global Geosynthetics Market ReportGlobal Geosynthetics Market Segments
The global 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
By Geography: The regions covered in the Geosynthetics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Geosynthetics Industry Players
Koninklijke Ten Cate BV, GSE Holdings Inc., NAUE GmbH & Co. KG, Fibertex Nonwovens A/S, HUESKER Synthetic GmbH, Tensar International Corporation, AGRU America Inc., Low & Bonar PLC, Groupe Solmax Inc., Officine Maccaferri SpA, Asahi Kasei Advance Corporation, Belton Industries Inc., Propex Operating Company LLC, Global Synthetics Pty Ltd., TYPAR, Tenax Pidilite India Private Limited, Solmax International Inc., CETCO Minerals Technologies Inc., Carthage Mills, Geofabrics Australasia, Geosynthetics Limited, Hanes Geo Components, Kaytech Engineered Fabrics, Maccaferri Canada Ltd., Mattex Geosynthetics, Nilex Inc., Owens-Corning Fiberglass Company, Polymer Group Inc., Presto Geosystems, Raven Industries, Strata Systems, TenCate Geosynthetics Americas, Thrace Group, Titan Environmental Containment, Tuflex India Pvt. Ltd., Wrekin Products Ltd.
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Geosynthetics Market Overview
Geosynthetics are man-made synthetic materials that are in the shape of strips, sheets, or three-dimensional structures constructed of polymeric or natural materials. They are simple to prepare and transport and they can aid in the greening of construction projects. Geosynthetics have been effectively used to conduct a variety of functions that considerably contribute to the good performance of roadways.
Geosynthetics Global Market Report 2023 provides data on the global geosynthetics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The geosynthetics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.