The geosynthetics market size reached USD 9.44 Billion in 2020 and is expected to register a revenue CAGR of 5.8%, during the forecast period, according to latest analysis by Emergen Research. Increase in infrastructure development and waste management investment in developing countries are major factors driving global geosynthetics market revenue growth. Increasing demand for geomembrane for lining and waterproofing is expected to propel revenue growth of the market going ahead.
The researchers have considered all the factors influencing the growth of the Geosynthetics market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Geosynthetics market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Geosynthetics market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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Competitive Outlook:
The global Geosynthetics market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Geosynthetics market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies in the market report include Berry Global, Inc., Agru America, Inc., Solmax International Inc., Officine Maccaferri SpA, NAUE GmbH & Co. KG, Contech Engineered Solutions LLC, Low & Bonar plc, Propex Operating Company LLC, Tensar International Corporation, and HUESKER Group
Segmental Analysis
The global Geosynthetics market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Geosynthetics sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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Some Key Highlights from the Report
- Geosynthetics segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Polymeric sheets composed of polyethylene, polyvinyl chloride (PVC), and polypropylene are used to produce Geosynthetics. Owing of excellent chemical resistance and longevity, Geosynthetics are widely utilized in landfill applications, which is expected to boost revenue growth of this segment going ahead.
- Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period. Market growth in Asia Pacific is expected to be driven by increasing demand for oil reinforcement in the foundation work of residential structures in countries such as China and India.
- PVC segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising usage of PVC for manufacturing and fabrication of Geosynthetics. PVC is a thermoplastic synthetic polymer produced from vinyl chloride that is used to manufacture geomembrane.
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Emergen Research has segmented the global geosynthetics on the basis of type, material, functions, application, and region:
Type Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
- Geogrids
- Geotextiles
- Geonets
- Geosynthetics
- Geofoam
- Others
Material Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
- Polyethylene
- Polypropylene
- Polyester
- PVC
- Others
Function Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
- Separation
- Filtration
- Drainage
- Reinforcement
- Protection (Cushion)
- Barrier/Containment
- Erosion Control
Application Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
- Water Management
- Waste Management
- Civil Construction
- Transportation Infrastructure
- Others
Regional Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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About Emergen Research
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