Global Geosynthetics Market Size, Share, Opportunities, And Trends By Product (Geotextiles, Geomembranes, Geogrids, Geonets, Geosynthetic Clay Liners, Others), By Material (Polypropylene, HDPE, Polyester, PVC, Polyamide, Natural Fiber), By End User (Construction, Transportation, Industrial, Liquid Containment), And By Geography - Forecasts From 2023 To 2028

The global geosynthetics market was valued at US$10.553 billion in 2017 and is projected to reach US$21.090 billion by 2023 exhibiting a CAGR of 12.23% during the forecast period. This market will erupt in developing regions such as Asia-Pacific, Africa, and the Middle East owing to massive infrastructural developments across the regions. Geosynthetics has a wide range of applications in the development of roads and railways. Geosynthetic products are also used in landfills and filtration. It provides a firm grip on railway tracks and roads and also enhances their quality, and hence its market is projected to grow at a progressive rate in upcoming years.

On the basis of product type, this market can be segmented as geotextiles, geomembranes, geogrids, and geonets among others. Geotextiles and geomembranes share the largest market share in their segment. However, geotextiles have the maximum number of shares in their segment. The market driver responsible for the catalytic growth of this market is the regulations enforced for environmental protection. Applications of geosynthetics are widely distributed in areas that include waste management, mining, soil enforcement, and erosion control among others which are discussed in detail in this report. On the basis of composition, the market is segmented as polypropylene, HDPE, polyester, PVC, and synthetic rubber among others.

The use of geosynthetics has resulted in more robust roads and railways along with better drainage systems which in turn have decreased the number of accidents and casualties due to improper roads and railway lines and faulty drainage systems. The awareness about the use of geosynthetics and its applications among people has resulted in a high rate of adoption which in turn is attracting many private players into this market. The market of geosynthetics will become very competitive in the upcoming years. The cost of the raw materials for developing geosynthetics products is high, restraining the growth of the geosynthetics market around the globe.

Geographically, the geosynthetics market can be segmented as North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. North America holds the largest market share across the globe owing to high investments, and a developed economy. However, Asia-Pacific will be the most rapidly growing market by the end of the forecast period owing to the immense growth of infrastructure, developing economy, and presence of some of the key global vendors in the region.

Competitive Landscape

The Geosynthetics market is highly competitive due to the presence of well-diversified international, regional, and local players. However, some big international players dominate the market share owing to their brand image and market reach. With a high market growth rate and an increase in its demand, this sector is attracting more players to enter the market resulting in a more competitive geosynthetics market. The competitive landscape provides the strategy and investment details in order to boost their presence.

Some of the key players of the geosynthetics market included in the report are Low and Bonar, Koninklijke Ten Cate NV, Tensar International Corporation, Agru America, Inc, Propex Operating Company, LLC, GSE Environmental, Officine Maccaferri, Tenax Spa, NAUE GMBH and CO. KG, and Avintiv Inc among others.

Segmentation

The global geosynthetics market has been segmented on the basis of product, material, end user, and geography.

• By Product

• Geotextiles
• Geomembranes
• Geogrids
• Geonets
• Geosynthetic clay liners
• Others

• By Material

• Polypropylene
• HDPE
• Polyester
• PVC
• Polyamide
• Natural Fiber

• By End User

• Construction
• Transportation
• Industrial
• Liquid Containment

• By Geography

• North America

• United States
• Canada
• Mexico
• Others

• South America

• Brazil
• Argentina
• Others

• Europe

• Germany
• France
• Italy
• United Kingdom
• Poland
• Spain
• Others

• Middle East & Africa

• Turkey
• Saudi Arabia
• United Arab Emirates
• Others

• Asia-Pacific

• Japan
• China
• India
• Australia
• Others

1. Introduction