San Francisco, 02 April, Geosynthetics Market Analysis By Product
(Geotextiles, Geomembranes, Geogrids, Geonets), By Application (Road &
Pavements, Railroads, Drainage Systems, Soil Reinforcement & Erosion,
Containment & Waste Water), And Segment Forecasts To 2022.
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.
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.
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Research Report On Geosynthetics Market Analysis:
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.
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Category By Grand View Research At: https://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
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
o
Australia
·
Latin America
o
Brazil
·
MEA
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-geosynthetics-market
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: www.grandviewresearch.com/
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