Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global geosynthetics market size reached US$ 12.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.

Geosynthetics are polymeric products that are majorly produced using polyester, polyethylene and polypropylene. Geosynthetic products usually manufactured include geotextiles, geogrids, geonets and geomembranes and are used as a key component in landfills, drainage, filtration, erosion control and various civil construction projects. Extremely cost-effective, durable and versatile, geosynthetics are widely used to improve the mechanical and physical properties of the soil, enabling it to withstand harsh climatic conditions. Mining, transportation, and agriculture are some of the key sectors in which geosynthetics find extensive applications.

The increasing number of construction activities across the globe, especially in developing nations, is the key factor driving the growth of the market. This, coupled with the growing usage of green roof and walls for the prevention of soil erosion and better management of the water drainage system, is contributing to the market growth. Furthermore, geosynthetics are widely employed in the transportation industry, wherein they provide stability and strength to the underlying soil in railway tracks and roadways. Additionally, the widespread adoption of geomembranes in the wastewater management process due to their excellent chemical resistance is further catalyzing the growth of the market. Moreover, there has been a consistent increase in the demand from various industries to process and safely dump hazardous industrial waste. Along with this, the implementation of favorable government policies and growing research and development (R&D) activities, which enable manufacturers to maintain the production standards and control environmental pollution are also projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global geosynthetics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, type, material and application.

Breakup by Product:

Geotextiles

Geomembranes

Geogrids

Geonets

Geosynthetic Clay Liner (GCL)

Pre-Fabricated Vertical Drains (PVD)

Others

Breakup by Type:

Woven

Non-Woven

Knitted

Others

Breakup by Material:

Polypropylene

Polyester

Polyethylene

Polyvinyl Chloride

Synthetic Rubber

Others

Breakup by Application:

Road Construction and Pavement Repair

Railroads

Drainage Systems

Soil Reinforcement and Erosion

Water and Waste Management

Others

Breakup by Region:

Asia Pacific

Europe

North America

Middle East and Africa

Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being 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, etc.

Key Questions Answered in This Report:

How has the global geosynthetics market performed so far and how will it perform in the coming years?

What are the key regional markets in the global geosynthetics industry?

What has been the impact of COVID-19 on the global geosynthetics market?

What is the breakup of the market based on the product?

What is the breakup of the market based on the type?

What is the breakup of the market based on the material?

What is the breakup of the market based on the application?

What are the various stages in the value chain of the global geosynthetics industry?

What are the key driving factors and challenges in the global geosynthetics industry?

What is the structure of the global geosynthetics industry and who are the key players?

What is the degree of competition in the global geosynthetics industry?