Geocomposites Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Geocomposites Market
The Geocomposites Market Size was valued at USD 8.63 billion in 2023, and the Market is now projected to grow from USD 10.28 billion in 2024 to USD 49.75 billion by 2032, exhibiting a CAGR of 21.8% during the forecast period of 2024-2032.
First and foremost, the construction project delivery experiences a considerable influence from the pandemic since nearly all regions involved in construction activity administer the lockout, restricting construction personnel, and interrupting the construction material supply. These disruptions implemented perceived reductions to demand for infrastructure projects, which consequently influenced the needed geocomposites. The supply chain for raw materials and geocomposites was disrupted, which caused shortages of supply and increased in costs across the international marketplace. This affected the supply and circulation of goods containing geocomposites, especially in areas that are importing rather than exporting the commodities, impeding the rise of Geocomposites Market Growth.
The demand for Geocomposites has risen due to the Increased Product Adoption from the rapidly growing building and construction industry, resulting in the expansion of Geocomposites Market share globally. Emerging economy nations today require tremendous infrastructural opening, for areas of roads, bridges, tunnels, and houses, owing to urbanization. Geocomposites that provide stabilization of soil, lateral drainage, and prevention of erosion are required for such massive projects. Their use contributes to resilience of infrastructure and as such is vital to use whenever any construction is to be carried out.
Additionally, The increase in the use of sustainable nonwovens for biodegradation of water-absorbing geocomposites may be a rising trend in the geocomposites industry. This trend is in line with the current trend of sought-after construction materials that are friendly to the natural environments and socially sustainable. Conventional geocomposites use Mobil synthetic materials that take an extended time to degrade, hence polluting the environment hugely. The problem of adopting nonwovens that harm the environment has been managed by developing ones that can degrade naturally at some point in time.
Comprehensive Analysis of Geocomposites Market
The Geocomposites Market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Chemicals & Advanced Materials Industry. These Segmentations are methodically segregated by Product, by Function, and by Application. The Product includes Geotextile-Geonet Composites, Geotextile-Geomembrane Composites, Geomembrane- geogrid Composites, and others. The function includes Separation, Damage, Reinforcement, and others. However, the Application includes Water & Wastewater Management, Road & Highway, Landfill & Mining, Soil Reinforcement, and others.
The North American region leads the Geocomposites Market by benefitting a market size of USD 163.1 million in 2023 due to rising government and private sector investment. A major portion of these investments is earmarked for developing residential buildings and modernizing transportation infrastructure such as highways, roads, and bridges, among other things.
The top players in the market play a crucial role in the Chemicals & Advanced Materials Industry assuring industrial prospectus growth and setting market standards. These players include CLIMAX SYNTHETICS PVT. LTD (India), TenCate Geosynthetics Americas (US), Leggett & Platt, Incorporated (US), GSE Environmental (US), Thrace Group (Greece), ABG Ltd. (UK), HUESKER (Germany), Officine Maccaferri Spa (Italy), Terram (UK), Ocean Global (India), SKAPS Industries (US). These market players provide a level playing competitive landscape.
In January 2023, Genap signed an exclusive partnership with Watershed Geo, a key geosynthetics manufacturer, for the distribution and installation of ClosureTurf, a synthetic end capping system for landfills.
Segmentation Table
TTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Million), Volume (Million Square Meters)
Growth Rate CAGR of 6.2% during 2024-2032
Segmentation By Product
Geotextile - Geonet Composites
Geotextile - Geomembrane Composites
Geomembrane - Geogrid Composites
Geotextile - Geogrid Composites
Others
By Function
Separation
Drainage
Reinforcement
Others
By Application
Water & Wastewater Management
Road & Highway
Landfill & Mining
Soil Reinforcement
Others
By Region
North America (By Product, By Function, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Product, By Function, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Product, By Function, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Product, By Function, By Application, By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Product, By Function, By Application, By Country)
- Saudi Arabia (By Application)
- South Africa (By Application)
Rest of the Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global Geocomposites Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Product
- 5.2.1. Geotextile - Geonet Composites
- 5.2.2. Geotextile - Geomembrane Composites
- 5.2.3. Geomembrane - Geogrid Composites
- 5.2.4. Geotextile - Geogrid Composites
- 5.2.5. Others
- 5.3. By Function
- 5.3.1. Separation
- 5.3.2. Drainage
- 5.3.3. Reinforcement
- 5.3.4. Others
- 5.4. By Application
- 5.4.1. Water & Wastewater Management
- 5.4.2. Road & Highway
- 5.4.3. Landfill & Mining
- 5.4.4. Soil Reinforcement
- 5.4.5. Others
- 5.5. By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Geocomposites Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Product
- 6.2.1. Geotextile - Geonet Composites
- 6.2.2. Geotextile - Geomembrane Composites
- 6.2.3. Geomembrane - Geogrid Composites
- 6.2.4. Geotextile - Geogrid Composites
- 6.2.5. Others
- 6.3. By Function
- 6.3.1. Separation
- 6.3.2. Drainage
- 6.3.3. Reinforcement
- 6.3.4. Others
- 6.4. By Application
- 6.4.1. Water & Wastewater Management
- 6.4.2. Road & Highway
- 6.4.3. Landfill & Mining
- 6.4.4. Soil Reinforcement
- 6.4.5. Others
- 6.5. By Country
- 6.5.1. U.S.
- 6.5.1.1. By Application
- 6.5.1.1.1. Water & Wastewater Management
- 6.5.1.1.2. Road & Highway
- 6.5.1.1.3. Landfill & Mining
- 6.5.1.1.4. Soil Reinforcement
- 6.5.1.1.5. Others
- 6.5.2. Canada
- 6.5.2.1. By Application
- 6.5.2.1.1. Water & Wastewater Management
- 6.5.2.1.2. Road & Highway
- 6.5.2.1.3. Landfill & Mining
- 6.5.2.1.4. Soil Reinforcement
- 6.5.2.1.5. Others
- 6.5.3. Mexico
- 6.5.3.1. By Application
- 6.5.3.1.1. Water & Wastewater Management
- 6.5.3.1.2. Road & Highway
- 6.5.3.1.3. Landfill & Mining
- 6.5.3.1.4. Soil Reinforcement
- 6.5.3.1.5. Others
- 7. Europe Geocomposites Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Product
- 7.2.1. Geotextile - Geonet Composites
- 7.2.2. Geotextile - Geomembrane Composites
- 7.2.3. Geomembrane - Geogrid Composites
- 7.2.4. Geotextile - Geogrid Composites
- 7.2.5. Others
- 7.3. By Function
- 7.3.1. Separation
- 7.3.2. Drainage
- 7.3.3. Reinforcement
- 7.3.4. Others
- 7.4. By Application
- 7.4.1. Water & Wastewater Management
- 7.4.2. Road & Highway
- 7.4.3. Landfill & Mining
- 7.4.4. Soil Reinforcement
- 7.4.5. Others
- 7.5. By Country
- 7.5.1. Germany
- 7.5.1.1. By Application
- 7.5.1.1.1. Water & Wastewater Management
- 7.5.1.1.2. Road & Highway
- 7.5.1.1.3. Landfill & Mining
- 7.5.1.1.4. Soil Reinforcement
- 7.5.1.1.5. Others
- 7.5.2. U.K.
- 7.5.2.1. By Application
- 7.5.2.1.1. Water & Wastewater Management
- 7.5.2.1.2. Road & Highway
- 7.5.2.1.3. Landfill & Mining
- 7.5.2.1.4. Soil Reinforcement
- 7.5.2.1.5. Others
- 7.5.3. France
- 7.5.3.1. By Application
- 7.5.3.1.1. Water & Wastewater Management
- 7.5.3.1.2. Road & Highway
- 7.5.3.1.3. Landfill & Mining
- 7.5.3.1.4. Soil Reinforcement
- 7.5.3.1.5. Others
- 7.5.4. Italy
- 7.5.4.1. By Application
- 7.5.4.1.1. Water & Wastewater Management
- 7.5.4.1.2. Road & Highway
- 7.5.4.1.3. Landfill & Mining
- 7.5.4.1.4. Soil Reinforcement
- 7.5.4.1.5. Others
- 7.5.5. Spain
- 7.5.5.1. By Application
- 7.5.5.1.1. Water & Wastewater Management
- 7.5.5.1.2. Road & Highway
- 7.5.5.1.3. Landfill & Mining
- 7.5.5.1.4. Soil Reinforcement
- 7.5.5.1.5. Others
- 7.5.6. Rest of Europe
- 7.5.6.1. By Application
- 7.5.6.1.1. Water & Wastewater Management
- 7.5.6.1.2. Road & Highway
- 7.5.6.1.3. Landfill & Mining
- 7.5.6.1.4. Soil Reinforcement
- 7.5.6.1.5. Others
- 8. Asia Pacific Geocomposites Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Product
- 8.2.1. Geotextile - Geonet Composites
- 8.2.2. Geotextile - Geomembrane Composites
- 8.2.3. Geomembrane - Geogrid Composites
- 8.2.4. Geotextile - Geogrid Composites
- 8.2.5. Others
- 8.3. By Function
- 8.3.1. Separation
- 8.3.2. Drainage
- 8.3.3. Reinforcement
- 8.3.4. Others
- 8.4. By Application
- 8.4.1. Water & Wastewater Management
- 8.4.2. Road & Highway
- 8.4.3. Landfill & Mining
- 8.4.4. Soil Reinforcement
- 8.4.5. Others
- 8.5. By Country
- 8.5.1. China
- 8.5.1.1. By Application
- 8.5.1.1.1. Water & Wastewater Management
- 8.5.1.1.2. Road & Highway
- 8.5.1.1.3. Landfill & Mining
- 8.5.1.1.4. Soil Reinforcement
- 8.5.1.1.5. Others
- 8.5.2. India
- 8.5.2.1. By Application
- 8.5.2.1.1. Water & Wastewater Management
- 8.5.2.1.2. Road & Highway
- 8.5.2.1.3. Landfill & Mining
- 8.5.2.1.4. Soil Reinforcement
- 8.5.2.1.5. Others
- 8.5.3. Japan
- 8.5.3.1. By Application
- 8.5.3.1.1. Water & Wastewater Management
- 8.5.3.1.2. Road & Highway
- 8.5.3.1.3. Landfill & Mining
- 8.5.3.1.4. Soil Reinforcement
- 8.5.3.1.5. Others
- 8.5.4. South Korea
- 8.5.4.1. By Application
- 8.5.4.1.1. Water & Wastewater Management
- 8.5.4.1.2. Road & Highway
- 8.5.4.1.3. Landfill & Mining
- 8.5.4.1.4. Soil Reinforcement
- 8.5.4.1.5. Others
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Application
- 8.5.5.1.1. Water & Wastewater Management
- 8.5.5.1.2. Road & Highway
- 8.5.5.1.3. Landfill & Mining
- 8.5.5.1.4. Soil Reinforcement
- 8.5.5.1.5. Others
- 9. Latin America Geocomposites Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Product
- 9.2.1. Geotextile - Geonet Composites
- 9.2.2. Geotextile - Geomembrane Composites
- 9.2.3. Geomembrane - Geogrid Composites
- 9.2.4. Geotextile - Geogrid Composites
- 9.2.5. Others
- 9.3. By Function
- 9.3.1. Separation
- 9.3.2. Drainage
- 9.3.3. Reinforcement
- 9.3.4. Others
- 9.4. By Application
- 9.4.1. Water & Wastewater Management
- 9.4.2. Road & Highway
- 9.4.3. Landfill & Mining
- 9.4.4. Soil Reinforcement
- 9.4.5. Others
- 9.5. By Country
- 9.5.1. Brazil
- 9.5.1.1. By Application
- 9.5.1.1.1. Water & Wastewater Management
- 9.5.1.1.2. Road & Highway
- 9.5.1.1.3. Landfill & Mining
- 9.5.1.1.4. Soil Reinforcement
- 9.5.1.1.5. Others
- 9.5.2. Argentina
- 9.5.2.1. By Application
- 9.5.2.1.1. Water & Wastewater Management
- 9.5.2.1.2. Road & Highway
- 9.5.2.1.3. Landfill & Mining
- 9.5.2.1.4. Soil Reinforcement
- 9.5.2.1.5. Others
- 9.5.3. Rest of Latin America
- 9.5.3.1. By Application
- 9.5.3.1.1. Water & Wastewater Management
- 9.5.3.1.2. Road & Highway
- 9.5.3.1.3. Landfill & Mining
- 9.5.3.1.4. Soil Reinforcement
- 9.5.3.1.5. Others
- 10. Middle East & Africa Geocomposites Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Product
- 10.2.1. Geotextile - Geonet Composites
- 10.2.2. Geotextile - Geomembrane Composites
- 10.2.3. Geomembrane - Geogrid Composites
- 10.2.4. Geotextile - Geogrid Composites
- 10.2.5. Others
- 10.3. By Function
- 10.3.1. Separation
- 10.3.2. Drainage
- 10.3.3. Reinforcement
- 10.3.4. Others
- 10.4. By Application
- 10.4.1. Water & Wastewater Management
- 10.4.2. Road & Highway
- 10.4.3. Landfill & Mining
- 10.4.4. Soil Reinforcement
- 10.4.5. Others
- 10.5. By Country
- 10.5.1. Saudi Arabia
- 10.5.1.1. By Application
- 10.5.1.1.1. Water & Wastewater Management
- 10.5.1.1.2. Road & Highway
- 10.5.1.1.3. Landfill & Mining
- 10.5.1.1.4. Soil Reinforcement
- 10.5.1.1.5. Others
- 10.5.2. South Africa
- 10.5.2.1. By Application
- 10.5.2.1.1. Water & Wastewater Management
- 10.5.2.1.2. Road & Highway
- 10.5.2.1.3. Landfill & Mining
- 10.5.2.1.4. Soil Reinforcement
- 10.5.2.1.5. Others
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By Application
- 10.5.3.1.1. Water & Wastewater Management
- 10.5.3.1.2. Road & Highway
- 10.5.3.1.3. Landfill & Mining
- 10.5.3.1.4. Soil Reinforcement
- 10.5.3.1.5. Others
- 11. Competitive Analysis
- 11.1. Company Market Share/Ranking Analysis, By Key Players, 2023
- 11.2. Company Profiles
- 11.2.1. CLIMAX SYNTHETICS PVT. LTD.
- 11.2.1.1. Company Overview
- 11.2.1.2. Materials & services
- 11.2.1.3. Recent developments
- 11.2.1.4. financials (based on availability)
- 11.2.2. TenCate Geosynthetics Americas.
- 11.2.2.1. Company Overview
- 11.2.2.2. Materials & services
- 11.2.2.3. Recent developments
- 11.2.2.4. financials (based on availability)
- 11.2.3. Leggett & Platt, Incorporated
- 11.2.3.1. Company Overview
- 11.2.3.2. Materials & services
- 11.2.3.3. Recent developments
- 11.2.3.4. financials (based on availability)
- 11.2.4. GSE Environmental
- 11.2.4.1. Company Overview
- 11.2.4.2. Materials & services
- 11.2.4.3. Recent developments
- 11.2.4.4. financials (based on availability)
- 11.2.5. Thrace Group
- 11.2.5.1. Company Overview
- 11.2.5.2. Materials & services
- 11.2.5.3. Recent developments
- 11.2.5.4. financials (based on availability)
- 11.2.6. ABG Ltd.
- 11.2.6.1. Company Overview
- 11.2.6.2. Materials & services
- 11.2.6.3. Recent developments
- 11.2.6.4. financials (based on availability)
- 11.2.7. HUESKER
- 11.2.7.1. Company Overview
- 11.2.7.2. Materials & services
- 11.2.7.3. Recent developments
- 11.2.7.4. financials (based on availability)
- 11.2.8. Officine Maccaferri S.p.A.
- 11.2.8.1. Company Overview
- 11.2.8.2. Materials & services
- 11.2.8.3. Recent developments
- 11.2.8.4. financials (based on availability)
- 11.2.9. Terram
- 11.2.9.1. Company Overview
- 11.2.9.2. Materials & services
- 11.2.9.3. Recent developments
- 11.2.9.4. financials (based on availability)
- 11.2.10. Ocean Global
- 11.2.10.1. Company Overview
- 11.2.10.2. Materials & services
- 11.2.10.3. Recent developments
- 11.2.10.4. financials (based on availability)
- 11.2.11. SKAPS Industries
- 11.2.11.1. Company Overview
- 11.2.11.2. Materials & services
- 11.2.11.3. Recent developments
- 11.2.11.4. financials (based on availability)
- 12. Strategic Recommendations
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