Geosynthetics Market Research, Competitor Strategy, Industry Trends and Forecast to 2027

 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.

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Geosynthetics Market