Global Geogrid Databank Market Report

Global Geogrid Databank Market Report

The Geogrid market was valued at $1,217.6 Million in 2020, and is projected to reach $2,416.9 Million by 2029 growing at a CAGR of 7.97% from 2021 to 2029. Road Industry segment is expected to be the highest contributor to this market, with $493.0 Million in 2020, and is anticipated to reach $934.1 Million by 2029, registering a CAGR of 7.41%. Railroad Stabilization segment is anticipated to reach $644.8 Million by 2029 with the highest CAGR of 8.88%. Road Industry and Soil Reinforcement segments collectively expected to account for about 69.0% share of the Geogrid market in 2020, with the former constituting around 40.5% share. Railroad Stabilization and Soil Reinforcement segments are expected to witness significant growth rates at a CAGR of 8.88% and 7.55% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 53.2% in the overall Geogrid market in 2020, and is anticipated to reach 54.2% by 2029.