About Geosynthetics
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.8% |
The demand for Geosynthetics is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes FiberWeb PLC, Low & Bonar PLC, Propex Global, GSE Environmental and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how geosynthetics can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Geosynthetics market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FiberWeb PLC (United Kindom), Low & Bonar PLC (United Kindom), Propex Global (United States), GSE Environmental (United States), Agru America (United States), ACE Geosynthetics (Taiwan), ACH Foam Technologies (Jefferson), AGRU America Inc. (United States), Asahi Geotechnologies Co. Ltd. (Japan), Belton Industries Inc. (United States) and Solmax (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Carthage Mills (United States), Cetco Lining Technologies (India), Contech Engineered Solutions LLC (United States), Huesker Synthetic GMBH (Germany), Low & Bonar PLC (United Kingdom) and Industrial Plastics (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Geosynthetics market by Type (Geotextiles, Geomembranes, Geogrids, Geofoams, Geonets and Other), Application (Road Industry, Railroad Stabilization, Water Management, Waste Management, Mining and Others) and Region.
On the basis of geography, the market of Geosynthetics 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 Material, the sub-segment i.e. Polyester will boost the Geosynthetics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Market Leaders and their expansionary development strategies
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.
On October 2017, as per an article published by Industrial Fabrics Association International, the regulation of coal ash has considerably prolonged the market for geosynthetics within the United States.
Key Target Audience
Manufacturers of Geosynthetics, Suppliers of Geosynthetics, Wholesalers, distributors and retailers of Geosynthetics, Research and Development (R&D) Companies, Research Organization, Federal Agencies 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.