This market research report presents a comprehensive analysis of the global geosynthetics market by type (geomembranes, geotextiles, geogrids, and others), by application (construction, containment, drainage systems, soil reinforcement and erosion, and transportation), and by geography (APAC, Europe, North America, and ROW). The leading vendors in this market are Agru America, GSE Environmental, Low and Bonar, NAUE, Officine Maccaferri, TENAX, and TenCate.
Technavio’s market research analysts estimate the global geosynthetics market to grow at a CAGR of 11% between 2016 and 2020. Geosynthetics are recognised as one of the best value materials in civil engineering projects. Of late, rise in construction projects, government interventions, investments in the transportation sector, wide-ranging applications in mining, coastal engineering, environmental applications, erosion control, and waste management are the primary drivers of the global geosynthetics market. APAC dominates the global geosynthetics market due to increasing investments in infrastructure-related projects by countries like India, China, and Malaysia.
The new market research report from Technavio provides a breakdown and analysis of the geosynthetics segments by technology.
“Since the demand for geosynthetics is quite high, developing economies are increasingly adopting natural geotextile to meet their needs. One of the major reasons for the switch to natural materials is that geosynthetics made from products like polystyrene are more expensive than their natural counterparts. Similarly, geotextiles made from cotton and are less expensive than their synthetic counterparts as they are easier to obtain. The ability of geosynthetics to stem soil erosion for short periods will lead to its increased utilization over the next four years,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
The geomembranes segment dominates the global geosynthetics market and will retain close to 35% of the total market share by the end of the forecast period. Geomembranes play an important role in waste and water management as well as the mining industry. Used mostly for containment, these materials perform the function by acting as a barrier to liquids and gasses in landfills.
Global geosynthetics market segmentation by type 2020
Source: Technavio, 2016
The leading vendors in the global geosynthetics market include Agru America, GSE Environmental, Low and Bonar, NAUE, Officine Maccaferri, TENAX, and TenCate. The market is highly fragmented due to the presence of some global and regional vendors. All of the vendors are involved in the development and production of a large range of products. The market is very competitive, and manufacturers invest a lot of money in R&D so that they can develop innovative products to meet future requirements. Also, many of these vendors have a large presence in developing countries as it helps them to meet customer requirements.
A more detailed analysis is available in the Technavio report, Global Geosynthetics Market 2016-2020.
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