Geosynthetics Market Size, Share, Leader, Growth, Trends and Forecast to 2020-2025
According to the latest report by IMARC Group, titled “Geosynthetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global geosynthetics market reached a value of US$ 14.3 Billion in 2019. Geosynthetics are planar products that are manufactured using synthetic polymers of polypropylene, polyester and polyethylene. They perform different functions, such as filtration, drainage, separation, reinforcement and erosion control. Consequently, they are widely used as a major component in the construction of civil engineering projects, systems and structures. Other than this, they are also utilized in the production of geotextiles, geogrids, geonets and geomembranes.
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The rising environmental concerns represents one of the significant factors impelling the geosynthetics market growth around the world. Geosynthetics provide reinforcement to the soil, keep the layers intact and control seepage problems. They are also cost-effective and easy to install, owing to which they are extensively utilized in groundwater protection and construction of low embankment dams and channels worldwide. Apart from this, governments of numerous countries are mandating the usage of geosynthetics in various infrastructural projects. This, along with the introduction of innovative and customized solutions by key manufacturers, is expected to drive the market in the coming years. Looking forward, IMARC Group expects the market to exhibit a moderate growth during 2020-2025.
Market Breakup by Product:
- Geotextiles
- Geomembranes
- Geogrids
- Geonets
- Geosynthetic Clay Liner (GCL)
- Pre-Fabricated Vertical Drains (PVD)
- Others
- Woven
- Non-Woven
- Knitted
- Others
- Polypropylene
- Polyester
- Polyethylene
- Polyvinyl Chloride
- Synthetic Rubber
- Others
- Road Construction and Pavement Repair
- Railroads
- Drainage Systems
- Soil Reinforcement and Erosion
- Water and Waste Management
- Others
- Fiberweb
- GEO Synthetics LLC
- Agru America Inc.
- Asahi Kasei Advance Corporation
- Belton Industries
- Polymer Group
- HUESKER inc
- Carthage Mills
- Thrace Group
- Hanes Geo Components
- Tenax Group
- GSE Environmental
- Swicofil AG
- Owens Corning
- Low & Bonar
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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