What is Biaxial Geogrid Market?
Geogrids are characterized as geosynthetic materials which are used in construction industries in the form of reinforcing materials. Geogrids are further classified on the basis of the direction they are stretched during manufacturing. These are Uniaxial geogrids and Biaxial Geogrids. Biaxial Geogrids are those where in at the time of punching of the polymer sheets, the stretching is carried out in both the directions. As a result the tensile strength is given equally in both transverse and longitudinal directions. Materials used in biaxial geogrids depend upon their usage. The design, that has a strong orientation in both the axes, gives these geogrids maximum resistance of elongation if they are subjected to high tensile loads for a long period. The openings present in biaxial geogrids allow the nesting of the aggregates between them, hence it is very important to use flexible geogrids so as to optimize this phenomenon of mechanical indentation.
The market study is being classified by Type (Type 1 (Integrally Formed Biaxial Geogrid), Type 2 (Extruded Biaxial Geogrid) and Others), by Application (Road Construction, Structural Reinforcement, Soil Reinforcement and Others) and major geographies with country level break-up.
Terrafix Geosynthetics Inc. (Canada), ENVIROGEO (India), NAUE GmbH & Co. KG (Germany), GSE Environmental (United States), Maccaferri Spa (Italy), DongKai Geosynthetics (China), BOSTD Geosynthetics Qingdao Ltd. (China), Wrekin Products Ltd (United Kingdom), ACE Geosynthetics.(Taiwan) and Carthage Mills, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Suntech Geotextile Pvt. Ltd (India), HUESKER Synthetic GmbH (Germany), Taian Modern Plastic Co., Ltd (China), CTM Geosynthetics (India) and Tensar International Limited (United Kingdom).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asia Pacific Vendors will contribute to the maximum growth of Global Biaxial Geogrid market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Biaxial Geogrid market by Type, Application and Region.
On the basis of geography, the market of Biaxial 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- With a rapid growth in the construction industry across the globe it is expected that there would be an increase in the demand of geogrids. Usage of biaxial geogrids is growing widely due to their versatile features, effectiveness and also due to the economical benefits related with their usage that contributes a great share in the global market. Many other properties like the light weight, ease of handling, and stability in high-temperatures add up to some of the driving factors
Market Trend
- Increase in the Renovation Activities in the Developing Countries
- Rise in Investments in the Infrastructure Sector All Over the Globe
- Increase the Life-Span of Construction
Opportunities
- Increase in the Construction Sector in Developing Countries
Challenges
- Unawareness about Biaxial Geogrid and its Functionalities
- Lack of Incorporation of Geogrid in Construction Standards
- Inadequate Quality Control in Developing Countries
Key Target Audience
Manufacturers of Biaxial Geogrids, Suppliers of Biaxial Geogrids, Wholesalers and Distributors of Biaxial Geogrids, Construction Industry, Regulatory Bodies and Governmental Bodies