About Geogrid
The geogrids are the geosynthetic material that is widely used in construction activities in the form of reinforcing material. These can be used in the soil reinforcement fo retaining walls and various other applications in the industry. Geogrids are single or multi-layer materials made of extruding and stretching high-density polyethylene or by weaving or knitting coating method. The final grid structure consists of the large openings enhancing the combination with the soil or aggregate. The high tensile strength and stiffness of geogrids make them especially effective as soil and aggregate reinforcement.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Geogrid market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Strata Systems, Inc. (United States), Low & Bonar (United Kingdom), Royal Ten Cate (Netherlands), Officine Maccaferri SpA (Italy), Huesker Synthetic GmbH (Germany), ACE Geosynthetics (Taiwan), NAUE Group (Germany), Tensar International Corporation (United States), Propex Operating Company, LLC (United States), Carthage Mills, Inc. (United States) and Feicheng Lianyi Engineering Plastics Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nilex Inc. (United States), Polyfabrics (Australia) and Geofabrics Australia PTY Ltd. (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Geogrid market by Type (Uniaxial, Biaxial and Triaxial), Application (Road Construction, Railroad Stabilization, Soil Reinforcement, Parking Lot or Marina, Highways, Mining, Retaining wall and Others) and Region.
On the basis of geography, the market of Geogrid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Geogrid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Extruded Geogrid will boost the Geogrid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Fiberglass Geogrid will boost the Geogrid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Adoption of Geogrid for its Various Application Areas and Growing Demand for Geogrids from Asia Pacific Region
Market Growth Drivers:
The Demand and Application in the Construction Industry and Need for Retaining Wall and it is Robust Against Installation Damage, Chemical, and Biological Attack
Challenges:
Regulatory Compliances with Geogrid
Restraints:
The Problems with Handling, Storage, and Installation with Quality Control and Quality Assurance
Opportunities:
Rising Infrastructure Development and Renovation Around the Globe and Increasing Spendings on Roadways Infrastructure
Market Leaders and their expansionary development strategies
In July 2021, Tensar Corporation, a leading global provider of geosynthetic solutions, acquired Strata Systems, Inc., a geosynthetic reinforcement and drainage solutions company.
In March 2021, Tensar Corporation launched its new UX Series geogrids, designed for improved performance and ease of use in MSE walls and embankments.
Key Target Audience
Geogrid Manufacturers, Geogrid Distributors and Suppliers, Geogrid International Traders, Research and Development Institutes, Potential Investors, Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.