Geosynthetics Market to increase at a CAGR of ~ 10% through 2019 - 2029

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Geosynthetics Market

• September 2019

Report Id REP-GB-475 Published On
Sep-2019 Category Chemicals and Materials
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Geosynthetics Market Analysis

• Research delivers insight into the Geosynthetics
  Market  poised to expand at 10 CAGR by
  2019 - 2029
• VALLEY COTTAGE -- A new market research study by
  Future Market Insights (FMI) on the global
  geosynthetics market contains global industry
  analysis for 20142018 and opportunity assessment
  for 20192029. The report investigates the
  geosynthetics market and provides critical
  insights for the forecast period of 2019-2029.
  The global geosynthetics market recorded the
  revenues worth US 9.4 Bn in 2018 and is
  estimated to grow at a CAGR of 10 in the
  projected period of 2019 - 2029.
• As per the findings of the report, the global
  industrial geosynthetics market is anticipated to
  experience substantial growth over the forecast
  period owing to growth in civil construction
  activities led by several developing economies in
  the past few years. The report opines that the
  market growth is significantly driven by
  increasing investments in public infrastructure
  development and modernization of existing
  facilities across the globe.
• APEJs Market Attractiveness Intact, Says FMIs
  Report
• Geosynthetic materials are witnessing increased
  usage in solid waste management for landfill
  applications. These materials are used for
  separating and confining bulk waste. Countries
  such as China and India, are emphasizing on
  effective waste treatment practices, which is
  likely to lead to an increase in demand for
  geosynthetics in the near future.

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Geosynthetics Market Analysis

• Moreover, owing to the high transport
  infrastructural development activities in the
  region, geosynthetic products are estimated to
  witness significant deployment in road
  construction. The road construction application
  segment is estimated to remain dominant in terms
  of geosynthetic material demand.
• Product Portfolio Enhancements Technological
  Innovations
• Several players are emphasizing on improving
  their product portfolios by introducing new
  products with better quality and gauge
  variations. Manufacturers are primarily targeting
  high development areas and producing
  application-specific products in order to gain
  higher market shares.
• In February 2017, TenCate Geosynthetics launched
  a new series of geomats- Mirafi TM13C and TM14S,
  to solve erosion problems on steep slopes and in
  channels. These materials retain bare soil and
  stabilize and nurture vegetation while resisting
  the challenges of precipitation and high-flow
  rates on soils.
• Use of Different Materials to Enhance Strength
  and Durability
• Involvement of a large number of local and global
  players in the geosynthetic market has compelled
  manufacturers to offer innovative products, in
  order to generate significant demand. Many
  companies are dedicating a huge amount of money
  for the research and development of new products
  and to increase the properties of existing ones.

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Geosynthetics Market Analysis

• Companies are continuously experimenting with
  geosynthetics in order to provide products with
  enhanced mechanical properties and high
  reliability.
• As polypropylene is extensively used for the
  manufacturing of geotextiles, it is a relatively
  large segment among all types, and is expected to
  witness significant growth during the forecast
  period. Other geosynthetic products such as
  geocell, geofoam, geopipes, etc., have limited
  and specific uses. However, the segment has
  witnessed significant demand during the last five
  years.
• Use of metallocene polypropylenes In 2015, a
  reputed conglomerate launched a metallocene
  PP-based non-woven geotextile. This geotextile is
  premium in terms of mechanical properties and
  performance. The use of metallocene PP offers
  relatively lightweight geotextiles and increased
  production.
• Competitive analysis of the global geosynthetics
  market reveals that among the several active
  participants in the competitive landscape of
  geosynthetics market, the tier 1 players tend to
  hold a relatively lower share, which has been
  attributed to high competition from a large
  number of local players operating at low profit
  margins and have better accessibility within
  regional markets. Some of the leading companies
  are also observed to be operating through their
  sales offices, or collaborating with regional
  manufacturers.

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Geosynthetics Market Analysis

• Press-release Source - https//www.globenewswire.c
  om/news-release/2019/10/09/1927207/0/en/Geosynthet
  ics-Market-is-estimated-to-grow-at-a-CAGR-of-10-ov
  er-the-forecast-period-of-2019-to-2029-Future-Mark
  et-Insights.html
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Geosynthetics Market Analysis

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