Africa Geosynthetics - Market Overview:
Geosynthetics is a synthetic product which is made up of polyester, polypropylene, and polyethylene. These synthetic products are mostly preferred in environmental activities and civil construction such as filtration, landfill, and others. The functions of geosynthetics are reinforcement drainage, separation, and moisture barrier. Major benefits of using geosynthetics are high bearing capacity, Installation robustness, minimize both rutting & soil intermixing and others. It has a variety of uses from erosion control to embankment reinforcement to enhanced subsurface drainage. Large investments in the projects associated with civil transportation and waste management are some of the major drivers which are propelling the growth of the market.
As per latest study released by AMA Research, the Africa Geosynthetics - market is expected to see growth rate of 9.8%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technology Advancement in Geosynthetics
Market Growth Drivers:
Government Policies Boosting Infrastructure Growth across the Globe and Evolving Environmental Protection Regulations and Standards to Boost Future Growth of Geosynthetics
Challenges:
Lack of Awareness Regarding Geosynthetics
Restraints:
Lack of Quality Control across Developing Countries and Problem related to Raw Material Prices
Opportunities:
Developing Countries Will Boost the Future Growth and Opportunities Associated With Oil & Gas and Mining Industries
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are TenCate (Netherlands), GSE Holdings, Inc. (United States), NAUE GmbH & Co. KG (Germany), Tensar International (United Kingdom), Agru America (United States), Contech Engineered Solutions LLC (United States), Huesker Synthetic GMBH (Germany), Kaytech (South Africa), Officine Maccaferri (Italy) and Strata Systems Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Tenax Group (Italy) and Fibertex South Africa (South Africa). Analyst at AMA Research see Global Vendors to retain maximum share of Africa Geosynthetics - market by 2030. Considering Market by Material, the sub-segment i.e. Polyester will boost the Geosynthetics - market.
Latest Market Insights:
In June 2021 Solmax announced the acquisition of TenCate Geosynthetics. Solmax is already a world leader in the development, manufacture, and distribution of high-quality polyethylene geomembranes for industrial and environmental containment. Solmax's geosynthetics solutions will now fully address the needs of both containment and infrastructure applications, thanks to the acquisition of TenCate Geosynthetics. Furthermore, the combined knowledge of the two companies in all geosynthetic sectors makes Solmax an innovation powerhouse. TenCate's geosynthetics, industrial fabrics, and manufacturing plants have given them an unrivalled breadth of scope, scale, and reach.
In September 2021 Industrial Plastics had announced the launch of geosynthetic clay liner, also known as GCL. This novel product, which comprises of a layer of bentonite clay bound between two layers of geotextile, is a manufactured alternative to compacted clay liners (CCLs). The GCL is delivered in rolls and may be easily rolled out using lifting equipment, eliminating the need for labor-intensive earthmoving operations. A slight overlap between sheets makes it easy to join the GCL, and the joints are held in place by a layer of soil poured on top of the overlap to provide an impervious barrier.
What Can be Explored with the Geosynthetics - Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Africa Geosynthetics - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Geosynthetics -
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Africa Geosynthetics - market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Geosynthetics - market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Geosynthetics, Suppliers of Geosynthetics, Wholesalers, distributors and retailers of Geosynthetics, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.