Geosynthetics Market Analysis

Geosynthetics Market Analysis

Global geotextile market size may record gains close to 10.5% during the forecast timeperiod pertaining to their increasing usage in various civil engineering applications such as erosion control and road construction. These products are widely used in increasing soil & rock stability to enhance soil strength and prevent water erosion. Natural geotextiles such as jute offer effective drainage properties, high moisture absorbing capacity and do not contribute to greenhouse emissions like synthetic geotextiles which shall further accelerate the industry demand.  
 

Global geogrids market demand should exceed USD 2 billion by 2024 pertaining to its ability to provide a natural and economical alternative to traditional concrete retaining walls. It increases the structural mass which helps in building taller walls. They are highly resistant to chemicals, installation damage and are suitable for wet & dry environments. These products improve the bearing capacity, reduce maintenance cycles and distribute the load forces which are the major driving product factors. Several benefits associated with usage of geogrids such as superior flexibility, durability and inexpensive nature has increased their use in several construction applications such as highways, dams and railway infrastructure which shall stimulate geosynthetics market growth.
 

Geomembrane market size from calendering technology may record gains close to 12% during the forecast timespan. The process involves use of heat & mechanical pressure to produce flat, compact, smooth and polished textile which is utilized in waste & water management construction. Calendering enhances the physical properties of the material and allows specialty surface treatments of the sheet. Stringent regulations towards wastewater treatment to improve water quality and prevent pollution should foster industry growth.
 

Global geonets market size from road construction applications is poised to exceed USD 900 million up to 2024. The product protects from the migration of small sand aggregates and is widely used for filtration and separation purpose in road construction activities. Geonets increase the distribution capacity of the concrete, resist elongation for long-term loads which significantly reduces road cracks. It is used to fill gaps between the roads to improve soil structure and thereby helps in maintenance of roads for a longer duration. Rising urbanization has increased the demand of high performance and smooth going roads which will drive the product demand from industry.
 

North America, driven by the U.S., Canada and Mexico geosynthetics market share may record gains over 10.5% by 2024 owing to the rapid growth in the mining industry. Significant demand of metals such as gold, copper, silver, zinc and bauxite has enhanced the expansion of mining industry which in turn has boosted the regional demand for proper waste management system. Growing technological innovations and metal demand from construction, electronics & automobile industries has engaged companies in project expansion related to mineral exploration.
 

Europe, led by UK, France, Italy, Spain, and Germany market demand may surpass USD 5 billion up to 2024 owing to the growing awareness towards environment friendly infrastructure. Rising demand for affordable, residential buildings pertaining to rapid urbanization is expected to boost the infrastructure development in EU region. Growing environmental concerns and increasing awareness towards rising carbon emissions have increased the demand for green infrastructure. Favourable policies offered by the government to encourage green construction shall result in fostering the regional growth.
 

Asia Pacific geosynthetics market share driven by China, India, Japan, and South Korea may register gains at over 12% during the forecast time period owing to the huge rise in new infrastructure development & renovation. Rise in per capita income and growing investments in commercial & industrial infrastructure development has fueled the demand for energy efficient buildings. Rising consumer awareness towards the benefits of geosynthetics along with growing consumer inclination towards the use of naturally derived materials shall stimulate the regional growth.