The Global Market for Geosynthetics is Projected to Reach 7.3 Billion Square Meters by 2020
Large Scale Government Funded
Capital Projects Drive Demand for Geosynthetics, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global
report on Geosynthetics. The
global market for Geosynthetics is projected to reach 7.3 billion square meters
by 2020, driven by large scale government funded capital projects and increasing
applications in the construction industry.
Geosynthetics are increasingly gaining prominence in
the economic and environmental development of a country. Across various end-use
sectors, geosynthetic products are being widely accepted as durable,
eco-friendly and cost-effective engineering solutions to enhance efficiency of
a structure and reduce its environmental impact, maintenance and repair costs. The market growth is largely driven by large
scale government funded capital projects to enhance civic amenities. Buoyed by
the robust infrastructure development projects in developing countries and
growing use of geosynthetics in the construction industry, the market is poised
to register strong growth over the coming years. Additionally, the growing
magnitude of waste management applications, rise in spending on construction
activities, and stringent building codes and environmental regulations are
expected to spur demand for geosynthetics worldwide.
Geotextiles, the permeable materials that are commonly
used to reduce or prevent soil erosion, constitutes the largest market segment
in the global geosynthetics market. The geotextiles market has been witnessing
significant growth owing to the growing importance of geotextiles in
infrastructure developments worldwide. The market growth is
also contributed by the increasing use of automotive textiles, protective
textiles, defense textiles and structural canopies. In addition, geotextiles
are poised to penetrate the healthcare and medical industries. Road
transportation infrastructure represents the largest end-use application area
for geotextiles. Coir geotextiles have been gaining in prominence over the last
few years. Geogrids, on the other hand, are witnessing increasing use in road
and railway projects worldwide. The practice of employing geogrids in railway
and road projects has become commonplace over the past few years, for solving
design and construction problems. The growth in the global geosynthetics market
is expected to be spearheaded by geomembranes.
As
stated by the new market research report on Geosynthetics, Asia-pacific
represents the largest market worldwide with volume sales projected to grow at
a compounded annual rate of 16.2% over the analysis period. Growth in the
region comes from government regulations mandating the use of geosynthetics in
all infrastructure development projects. The construction industry represents
the largest end-use market for geosynthetics with growth led by the legislation
of new environmental regulations such as sedimentary runoff restrictions at
construction sites and various other measures including soil protection and
erosion control in several Asian countries. The transportation end-use sector is
also poised to grow, driven by growing acceptance of geosynthetic products in
enhancing durability of roads, and in facilitating construction of
erosion-preventing structures.
Major players covered in the report include Agru
America Inc., CETCO, Fibertex Nonwovens A/S, GSE Environmental Inc., Hanes Geo
Components, Low & Bonar PLC, Bonar Technical Fabrics, Mattex Geosynthetics,
NAUE GmbH & Co. KG, Officine Maccaferri Spa, Polymer Group Inc., Propex
Operating Company LLC, Raven Industries Inc., Reliance Industries Limited,
Royal TenCate NV, Tenax Corporation, Tensar International Corporation, Inc. and
Thrace-LINQ Inc., among others.
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