Market Synopsis
According to the MRFR analysis, Global Geosynthetics
Market size is estimated to reach a value
of USD 27.5 Billion by 2025 exhibiting a CAGR of 6.5%
Geosynthetics products are the planar products
manufactured from polymeric materials and are used in a wide range of civil and
geotechnical engineering applications including roads, railroads, dams, and
coastal engineering. The demand for geosynthetics systems is driven
by increasing investments in infrastructure developments across the globe. The
growth of the global market is led by China, the US, and India, which are
expected to account for about 60% of the global construction industry growth.
Furthermore, factors such as rapid urbanization, population growth,
industrialization, and economic growth are expected to create a positive
outlook for the global geosynthetics market growth.
Pricing Analysis
The average price for geosynthetics varies from USD
0.15–4.0 per square meter. In the recent past, the geosynthetics price has
witnessed an upward trend owing to increasing raw material prices. The same
trend is expected to follow in the years to come.
SEGMENTATION
By Type
- Geotextile:
Geotextile accounted for the largest of the global geosynthetics market,
owing to its versatility in a wide variety of applications such as
separation, reinforcement, filtration, and drainage.
- Geomembranes:
The geomembranes segment is expected to witness the fastest growth during
the forecast period. The high growth of the segment is attributed to the
increasing demand in landfill applications, primarily owing to its high
chemical resistance and durability.
- Geogrids:
The growth of the geogrids segment is attributed to the increasing demand
for reinforcement and stabilization applications.
- Geonets:
Geonets are made from high-density polyethylene and are used for drainage
applications. The increasing investments in infrastructure development are
expected to fuel the demand for geonets during the forecast period.
- Others:
This segment includes geosynthetic
liners, geo-composite, geocells, geopipe, and geomesh.
By Material
- Polypropylene:
Polypropylene accounted for the largest share of the global market. The
segment is expected to witness significant growth owing to the high demand
for geotextiles and geomembranes.
- Polyethylene:
The polyethylene segment is expected to witness high growth owing to high
demand owing to its high tensile strength, chemical resistance, and
durability.
- Polystyrene:
Polystyrene is expected to gain traction in the market owing to its
lightweight and high strength.
- Polyvinyl
Chloride: Polyvinyl chloride is used in the fabrication of geomembrane and
geopipes, owing to low chemical resistance and lower durability.
- Polyester:
Albeit having a lower share in the market, the polyester segment is
expected to witness healthy growth owing to excellent strength and creep
properties.
- Others:
The others segment includes polyamide, acrylonitrile butadiene styrene
(ABS), and natural fibers.
By Application
- Separation:
The segment accounted for a significant share of the global market in 2018
and is projected to exhibit healthy growth during the forecast period. The
growth of the segment is attributed to investments for the development of
transport infrastructure driven by urbanization and economic growth.
- Reinforcement:
Geosynthetics
Market inclusion in the soil to increase the tensile strength and
shear resistance. Geosynthetics for reinforcement application is generally
used in dams, reservoir, retaining structures, roads, and coastal
engineering. The development of dams and reservoir and investment for the
development of road infrastructure is expected to support the growth of
the reinforcement segment.
- Filtration:
The segment is expected to witness moderate growth attributed to the
increasing demand from the waste containment systems.
- Drainage:
Geosynthetics such as geonets are used in the foundation wall, pavement
and roadway, methane gas collection, subsurface drainage and erosion
control applications to allow transmission of liquid within the plane.
- Barrier:
Geosynthetics are used for preventing the contamination of liquid or vapor
and as a moisture barrier in various infrastructures. Increasing
investment in the development of water containment and canaling projects
and stringent environmental regulations aimed at preventing harmful
materials from contaminating groundwater resources is expected to drive
the demand for geosynthetics.
Access Report Details @ https://www.marketresearchfuture.com/reports/geosynthetics-market-8809
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