Geosynthetics Market to Reach US$ 17.0 Billion by 2028, CAGR of 5.85%

PRESS RELEASE

Published April 25, 2023

IMARC Group’s latest research report, titled “Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” The global geosynthetics market size reached US$ 12.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.

Geosynthetics Market Overview:

Geosynthetics are man-made materials used in civil engineering applications for soil stabilization, erosion control, and construction of roads, embankments, and retaining walls. They are made of synthetic polymers or natural materials and can be woven or non-woven, with varying degrees of permeability, strength, and durability. Geosynthetics are designed to provide reinforcement, separation, filtration, and drainage functions in construction projects. They are highly adaptable and can be customized to meet specific project requirements. They offer numerous benefits, including cost-effectiveness, improved performance, and reduced environmental impact compared to traditional materials. Common types of geosynthetics include geotextiles, geogrids, geomembranes, and geocells.

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Global Geosynthetics Market Demand and Growth Analysis:

The global market is majorly driven by the growing demand for infrastructure development. In line with this, the rising need for soil reinforcement and erosion control in various applications such as construction, transportation, and mining is significantly contributing to the market. Furthermore, the increasing environmental concerns are positively influencing product demand as geosynthetics reduce the environmental impact of construction projects. Apart from this, the development of new materials and technologies is driving the growth of the geosynthetics market, as they offer improved performance and cost-effectiveness. Moreover, the escalating usage of the product in mining and energy applications to provide soil stabilization and containment solutions is offering lucrative opportunities for the market. Besides, the increasing demand for sustainable construction materials and heavy investment in infrastructure development by governments and private organizations are providing a boost to the market.

Top Geosynthetics Manufacturers Worldwide:

Fiberweb
GEO Synthetics LLC
Agru America Inc.
Asahi Kasei Advance Corporation
Belton Industries
Polymer Group
HUESKER inc
Carthage Mills
Thrace Group
Hanes Geo Components
Tenax Group
GSE Environmental
Swicofil AG
Owens Corning
Low & Bonar etc.

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Key Market Segmentation:

Market Breakup by Product:

Geotextiles
Geomembranes
Geogrids
Geonets
Geosynthetic Clay Liner (GCL)
Pre-Fabricated Vertical Drains (PVD)
Others

Breakup by Type:

Woven
Non-Woven
Knitted
Others

Breakup by Material:

Polypropylene
Polyester
Polyethylene
Polyvinyl Chloride
Synthetic Rubber
Others

Breakup by Application:

Road Construction and Pavement Repair
Railroads
Drainage Systems
Soil Reinforcement and Erosion
Water and Waste Management
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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