Rise in demand from the transportation sector, increase in demand for geosynthetics from the energy sectors, and cost-efficiency of geosynthetics fuel the market growth. On the other hand, volatility in petrochemical prices hinders the global geosynthetics market growth. On the contrary, surge in demand for sustainable products in emerging economies creates lucrative opportunities in the market.
The geosynthetics industry is a sector of the construction and civil engineering industry that focuses on the production and use of geosynthetic materials. Geosynthetics are synthetic materials that are used in various civil engineering and environmental applications to improve the performance of soil, rock, or other geotechnical materials. They are widely used in infrastructure projects, environmental protection, and various construction applications due to their versatility and cost-effectiveness.
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Key components of the geosynthetics industry include:
- Geotextiles: Geotextiles are permeable fabrics made from synthetic materials such as polypropylene or polyester. They are used for soil stabilization, erosion control, drainage, and filtration in various civil engineering projects. Geotextiles come in various forms, including woven, non-woven, and knitted.
Asia-Pacific, followed by North America, held the highest share in 2020, attributing to more than one-third of the global geosynthetics market. The same region would also showcase the fastest CAGR of 13.3% during the forecast period.
- Geogrids: Geogrids are grid-like materials typically made from polymers or fiberglass. They are used to reinforce soil structures, such as retaining walls and slopes, by providing tensile strength to the soil mass. Geogrids are often used in road construction and soil reinforcement applications.
- Geomembranes: Geomembranes are impermeable liners made from materials like high-density polyethylene (HDPE), polyvinyl chloride (PVC), or ethylene propylene diene terpolymer (EPDM). They are used in applications like landfill liners, pond liners, and containment systems to prevent the migration of liquids or gases.
The geomembranes segment held nearly two-fifths of the global geosynthetics market share in 2020, and is anticipated to lead by the end of 2030. The geogrids segment, however, would exhibit a CAGR of 12.1% from 2021 to 2030.
- Geosynthetic Clay Liners (GCLs): GCLs are composite materials consisting of a layer of bentonite clay sandwiched between two geotextile layers. They are used in environmental containment systems, such as landfill caps and wastewater treatment facilities, to provide a barrier to the movement of fluids.
The water/wastewater management segment held nearly two-fifths of the global geosynthetics market revenue in 2020, and is proposed to dominate by 2030. On the other hand, the energy segment would manifest the fastest CAGR of 13.0% from 2021 to 2030.
- Geocomposites: Geocomposites are combinations of different geosynthetic materials, often layered or combined to achieve specific engineering purposes. For example, a geocomposite may consist of a geotextile and a geomembrane for a particular application.
As per the report published by Allied Market Research, the global geosynthetics market generated $13.2 billion in 2020, and is anticipated to reach $37.9 billion by 2030, manifesting a CAGR of 11.2% from 2021 to 2030.
The geosynthetics industry plays a crucial role in modern civil engineering and construction by offering solutions to challenges such as soil erosion, soil stabilization, environmental protection, and infrastructure durability. It helps reduce construction costs, improve project efficiency, and enhance the long-term performance of various structures and systems. Additionally, the industry continues to innovate, developing new materials and technologies to address evolving environmental and infrastructure needs.
Key leading players of the global geosynthetics market include Freudenberg Group, Maccaferri S.p.A., Tensar International Corporation, AGRU, Huesker Gr
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