Geosynthetics Market Size Is Predicted To Reach A Valuation Of USD 24.60 Billion By 2030: Grand View Research Inc.

 Geosynthetics Market Growth & Trends

The global geosynthetics market size is expected to reach USD 24.60 billion by 2030, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Rapid infrastructure development in emerging economies, such as India and Brazil, is anticipated to fuel the market growth over the forecast period. Infrastructure development in India, China, and the Middle East in light of regulatory inclination to increase expenditure on road transport is expected to drive the market. The European Union directive 2008/98/EC sets the basic regulations for waste management and ways for efficient landfill containment.

This regulatory inclination in Europe is expected to increase the application of geosynthetics in the near future. The product is widely used for base reinforcement, separation, and stabilization of roads and pavements. These products also find application in subsurface drainage systems for dewatering, road base, and structure drainage. The market is characterized by the presence of large-scale manufacturers catering to the global demand. The demand for geosynthetics is high in developing economies including India and China, owing to the sanction and commencement of infrastructural development projects in the developing economies. Key market players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby advancing their market share.

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Geosynthetics Market Report Highlights

• The geotextiles segment accounted for the largest revenue share in 2021 on account of the increasing product penetration in drainage systems
• Geocells is expected to be the fastest-growing product segment during the forecast period. The product is used in multiple military operations including the construction of bridge approach roads over soft ground, transportation of heavy equipment, and filling of the construction materials
• The geonet segment is projected to register the second-fastest growth rate from 2022 to 2030
• The high product demand is attributed to its wide application scope coupled with its use for the reinforcement of layers during road construction as well as during the restoration of existing roads
• Asia Pacific region accounted for the maximum market share in 2021 owing to the rapid urbanization in emerging countries, such as India and China, boosting the demand for soil reinforcement in the foundation work of residential buildings

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Geosynthetics Market Segmentation

Grand View Research has segmented the global geosynthetics market based on product and region:

Geosynthetics Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

• Geotextiles
  • By Raw Material
    • Natural
      • Jute
      • Others
    • Synthetic
      • Polypropylene
      • Polyester
      • Polyethylene
    • By Product
      • Woven
      • Non-woven
      • Knitted
    • By Application
      • Erosion Control
      • Reinforcement
      • Drainage Systems
      • Lining Systems
      • Asphalt Overlays
      • Separation & Stabilization
      • Silt Fences
    • Geomembranes
      • By Raw Material
        • HDPE
        • LDPE
        • Ethylene Propylene Diene Monomer (EPDM)
        • Polyvinyl chloride (PVC)
        • Others
      • By Application
        • Waste Management
        • Water Management
        • Mining
        • Lining Systems
        • Others
      • By Technology
        • Extrusion
        • Calendering
        • Others
        • Geogrids
      • By Raw Material
        • HDPE
        • Polypropylene
        • Polyester
        • By Application
        • Road Construction
        • Railroad
        • Soil Reinforcement
        • Others
      • By Product
        • Uniaxial
        • Biaxial
        • Multi-axial
      • Geonets
        • By Raw Material
          • HDPE
          • MDPE
          • Others
        • By Application
          • Road Construction
          • Drainage
          • Railroad
          • Others
        • Geocells
          • By Raw Material
            • HDPE
            • Polypropylene (PP)
            • Others
          • By Application
            • Earth Reinforcement
            • Load Support
            • Tree Root Protection
            • Slope Protection
            • Others

Geosynthetics Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • New Zealand
  • Australia
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

List of Key Players in Geosynthetics Market

• GSE Holdings, Inc.
• Koninklijke Ten Cate N.V.
• Officine Maccaferri S.p.A.
• NAUE GmbH & Co. KG
• Propex Operating Company, LLC
• Low and Bonar PLC
• TENAX Group
• Fibertex Nonwovens A/S
• Global Synthetics
• AGRU America
• TYPAR

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.