Global Geosynthetics Market Driven at 9.10% CAGR 2015-2023 by Demand from Construction Industry in APAC
Transparency Market Research, a leading market intelligence firm, has published a new report, detailing the global geosynthetics market. The report provides detailed historical data about the global geosynthetics market, its current condition, and projections based on analysis of present market data. The report, titled ‘Geosynthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023’, is available for sale on the company website.
Browse the full Geosynthetics (Geotextiles, Geomembranes, Geogrids, Drainage Composites and Others) Market for Containment, Reinforcement, Filtration and Drainage and Other Functions - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at https://www.transparencymarketresearch.com/geosynthetics-market.html
According to the report, based on detailed primary and research data gathered from trustworthy databanks and complemented by expert opinion, the global geosynthetics market is expected to exhibit a 9.10% CAGR from 2015 to 2023. At this stellar CAGR, the global geosynthetics market will more than double in valuation during the forecast period, with the market expected to rise from US$9.5 bn in 2014 to US$20.8 bn in 2023.
Geosynthetics are polymers designed for the purpose of enhancing the properties of soil and terrain. Due to their synthetic nature, various types of geosynthetics are produced, aimed at various properties of soil such as drainage, structural integrity, etc. Most geosynthetics consist of plastics such as polyester, polyethylene, and polypropylene. This makes geosynthetics highly flexible, durable, and resistant to corrosion. These beneficial physical properties are among the major drivers of the global geosynthetics market.
Geotextiles, which are mainly used in the construction industry, comprise the largest product segment of the global geosynthetics market. Due to the booming global construction industry in the past decade, geotextiles took up a share of more than 30% in the global geosynthetics market. However, geogrids are expected to be the fastest growing product segment of the global geosynthetics market in the forecast period. Geogrids are majorly used for reinforcement. Other major product categories in the global geosynthetics market are geomembranes and drainage composites.
Due to the sustained high performance of the construction industry in Asia Pacific, the APAC geosynthetics market is the leading regional segment of the global market. Other applications of geosynthetics are also rising in APAC, mainly due to the rapid rate of infrastructure development in China, ASEAN countries, and India. The market for geosynthetics in the First World, on the other hand, is hamstrung by the recent economic trouble in Europe and the U.S.
The report details the performance of the geosynthetics markets in major countries such as the U.S., France, China, the U.K, Germany, Italy, Spain, Japan, Brazil, and South Africa. The performance of the GCC and ASEAN geosynthetics markets is also analyzed in detail in the report.On the basis of application, containment is the largest segment of the global geosynthetics market, accounting for more than a third of the global geosynthetics market in 2014. Geomembranes and geosynthetic clay liners are the major types of geosynthetics used for containment purposes.
In terms of competitive analysis, the report contains detailed profiles of major players in the global geosynthetics market such as Low & Bonar PLC, Agru America, Inc., TenCate Geosynthetics, Tenax Corporation, Officine Maccaferri S.p.A., Propex Operating Company, LLC, GSE Environmental, Inc., Tensar International Corporation, and NAUE GmbH & Co. KG.Thanks to the accumulation of trend analysis, competitive analysis, and attractiveness analysis of the global geosynthetics market presented, the report is a must-have for all market participants.
The global geosynthetics market is segmented as follows:
Geosynthetics Market – Product Segment Analysis
- Drainage Composites
- Others (Geosynthetic Clay Liners, etc.)
Geosynthetics Market - Function Analysis
- Filtration and Drainage
- Others (Separation, etc.)
Geosynthetics Market - Regional Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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