Global geosynthetics market is expected to reach USD
27.08 billion by 2022, according to a new study by Grand View Research, Inc.
Construction industry growth in India, China and Middle East, on account of
rising expenditure on infrastructure development is expected to be a crucial
driving factor for geosynthetics market growth.
Increasing application of
geotechnical products for controlling seepage problems in building and
irrigation projects is expected to have a favourable impact. Growing shale gas
production in U.S. and Canada on account of increasing expenditure on hydraulic
fracturing at domestic level may drive industry growth in the near future.
Browse full research report on Geosynthetics Market: http://www.grandviewresearch.com/industry-analysis/geosynthetics-market
Geotextiles market were the
largest product segment with demand estimated over 4,300.0 million square
meters in 2014. They find application in erosion control and soil reinforcement
on account of properties such as flexibility, permeability and enhanced thickness.
Further key findings from
the study suggest:
- Global geosynthetic market size was 6,124.0 million
square meters in 2014 and is expected to reach above 9,000.0 million
square meters by 2022, growing at a CAGR of 5.1% from 2015 to 2022.
- Roads & pavements accounted for over 30% of
global volume in 2014. Geogrids and geotextiles are incorporated for soil
reinforcement and facilitating filtration during road construction.
- Containment & waste water application is expected
to witness the fastest growth in terms of volume, at a CAGR of 5.7% from
2015 to 2022. Rising importance of waste water treatment in mining and
upstream oil & gas sectors is expected to increase geotechnical
product use in the near future.
- Asia Pacific geosynthetic market was valued over USD
6,100 million in 2014. The Government of India announced Make in India
Campaign in September 2014 which is aimed at increasing manufacturing
output through foreign direct investment at domestic level. This
supportive plan is expected to increase expenditure in construction
industry and thus likely to have a positive impact on the market.
- Key geosynthetic manufacturers include Agru America
Inc, TenCate, NAUE, Low & Bonar PLC, GSE, Asahi-Kasei and Officine
Maccaferri. In February 2015, Propex launched erosion control solution
under the brand name, Propex TeetoGreen technology, intended for the golf
course industry. This technology is designed for providing solution to
challenges pertaining to soil erosion faced by club managers, golf course
owners, builders and superintendents.
Browse more reports of this type by Grand View Research:
http://www.grandviewresearch.com/industry/green-building-materials
Grand View Research has segmented the global geosynthetics
market on the basis of product, application and region:
Global Geosynthetics Product Outlook (Volume, Million
square meters; Revenue, USD Million, 2012 - 2022)
- Geotextiles
- Geomembranes
- Geogrids
- Geonets
- Others
Global Geosynthetics Application Outlook (Volume, Million
square meters; Revenue, USD Million, 2012 - 2022)
- Road
& Pavements
- Railroads
- Drainage
Systems
- Soil
Reinforcement & Erosion
- Containment
& Waste Water
- Others
Global Geosynthetics Regional Outlook (Volume, Million
square meters; Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- Australia
- Latin
America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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