The all-encompassing report on the Geosynthetics market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.
geosynthetics market size reached USD 9.44 Billion in 2020 and is expected to register a revenue CAGR of 5.8%, during the forecast period, according to latest analysis by Emergen Research. Increase in infrastructure development and waste management investment in developing countries are major factors driving global geosynthetics market revenue growth. Increasing demand for geomembrane for lining and waterproofing is expected to propel revenue growth of the market going ahead.
Increasing investments in road network development and highway repairs is also expected to augment market revenue growth during the forecast period. Rising investments in the construction of railway networks in countries including India and China to expand logistics network are expected to boost market growth to a significant extent. Geomembranes are utilized as lining solutions and waterproofing systems in railway infrastructure including tunnels, bridges, and railways terminals, which is expected to boost demand owing to expansion of networks and also due to need for repair and maintenance following recent major flooding and structural damage, attributable to climate change and changing weather conditions. Additionally, as a result of increasing government spending on construction, infrastructure improvements in developing countries has been driving demand for geosynthetics in the very recent past.
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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Geosynthetics through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
Top Companies Operating in the Geosynthetics Market and Profiled in the Report are: Berry Global, Inc., Agru America, Inc., Solmax International Inc., Officine Maccaferri SpA, NAUE GmbH & Co. KG, Contech Engineered Solutions LLC, Low & Bonar plc, Propex Operating Company LLC, Tensar International Corporation, and HUESKER Group
The study aims to provide a forecast of the growth of the Geosynthetics market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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Key Highlights From the Report
Geomembranes segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Polymeric sheets composed of polyethylene, polyvinyl chloride (PVC), and polypropylene are used to produce geomembranes. Owing of excellent chemical resistance and longevity, geomembranes are widely utilized in landfill applications, which is expected to boost revenue growth of this segment going ahead.
PVC segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising usage of PVC for manufacturing and fabrication of geomembranes. PVC is a thermoplastic synthetic polymer produced from vinyl chloride that is used to manufacture geomembrane.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period. Market growth in Asia Pacific is expected to be driven by increasing demand for oil reinforcement in the foundation work of residential structures in countries such as China and India.
The report on the Geosynthetics market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Geosynthetics market for the forecast period from 2021 to 2028.
Emergen Research has segmented the global geosynthetics on the basis of type, material, functions, application, and region:
Type Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
Geogrids
Geotextiles
Geonets
Geomembranes
Geofoam
Others
Material Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
Polyethylene
Polypropylene
Polyester
PVC
Others
Function Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
Separation
Filtration
Drainage
Reinforcement
Protection (Cushion)
Barrier/Containment
Erosion Control
Application Outlook (Volume Million Square Meter, Revenue, USD Billion; 2018–2028)
Water Management
Waste Management
Civil Construction
Transportation Infrastructure
Others
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The research provides answers to the following key questions:
What will be the growth rate of the Geosynthetics market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
What are challenges and threats faced by the prominent vendors operating in the Geosynthetics market?
Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
What are the past, present and emerging trends likely to influence the growth rate of the Geosynthetics market for the forecast period, 2021 to 2028?
What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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Contact Information:
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
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