Geosynthetics Market Outlook and Opportunities in Grooming Regions with Forecast 2023 - 2030

Pune, India, March 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Geosynthetics Market.

Market Synopsis

According to the MRFR analysis, Geosynthetics Market Size was valued at USD 11.97 billion in 2022. The Geosynthetics market industry is projected to grow from USD 12.62 Billion in 2023 to USD 21.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.66% during the forecast period (2023 - 2030).

Geosynthetics products are the planar products manufactured from polymeric materials and are used in a wide range of civil and geotechnical engineering applications including roads, railroads, dams, and coastal engineering. The demand for geosynthetics systems is driven by increasing investments in infrastructure developments across the globe. The growth of the global market is led by China, the US, and India, which are expected to account for about 60% of the global construction industry growth. Furthermore, factors such as rapid urbanization, population growth, industrialization, and economic growth are expected to create a positive outlook for the global geosynthetics market growth.

Pricing Analysis

The average price for geosynthetics varies from USD 0.15–4.0 per square meter. In the recent past, the geosynthetics price has witnessed an upward trend owing to increasing raw material prices. The same trend is expected to follow in the years to come.

SEGMENTATION

By Type

• Geotextile: Geotextile accounted for the largest of the global geosynthetics market, owing to its versatility in a wide variety of applications such as separation, reinforcement, filtration, and drainage.

• Geomembranes: The geomembranes segment is expected to witness the fastest growth during the forecast period. The high growth of the segment is attributed to the increasing demand in landfill applications, primarily owing to its high chemical resistance and durability.

• Geogrids: The growth of the geogrids segment is attributed to the increasing demand for reinforcement and stabilization applications.

• Geonets: Geonets are made from high-density polyethylene and are used for drainage applications. The increasing investments in infrastructure development are expected to fuel the demand for geonets during the forecast period.

• Others: This segment includes geosynthetic liners, geo-composite, geocells, geopipe, and geomesh.

By Material

• Polypropylene: Polypropylene accounted for the largest share of the global market. The segment is expected to witness significant growth owing to the high demand for geotextiles and geomembranes.

• Polyethylene: The polyethylene segment is expected to witness high growth owing to high demand owing to its high tensile strength, chemical resistance, and durability.

• Polystyrene: Polystyrene is expected to gain traction in the market owing to its lightweight and high strength.

• Polyvinyl Chloride: Polyvinyl chloride is used in the fabrication of geomembrane and geopipes, owing to low chemical resistance and lower durability.

• Polyester: Albeit having a lower share in the market, the polyester segment is expected to witness healthy growth owing to excellent strength and creep properties.

• Others: The others segment includes polyamide, acrylonitrile butadiene styrene (ABS), and natural fibers.

By Application

• Separation: The segment accounted for a significant share of the global market in 2018 and is projected to exhibit healthy growth during the forecast period. The growth of the segment is attributed to investments for the development of transport infrastructure driven by urbanization and economic growth.

• Reinforcement: Geosynthetics inclusion in the soil to increase the tensile strength and shear resistance. Geosynthetics for reinforcement application is generally used in dams, reservoir, retaining structures, roads, and coastal engineering. The development of dams and reservoir and investment for the development of road infrastructure is expected to support the growth of the reinforcement segment.

• Filtration: The segment is expected to witness moderate growth attributed to the increasing demand from the waste containment systems.

• Drainage: Geosynthetics such as geonets are used in the foundation wall, pavement and roadway, methane gas collection, subsurface drainage and erosion control applications to allow transmission of liquid within the plane.

• Barrier: Geosynthetics are used for preventing the contamination of liquid or vapor and as a moisture barrier in various infrastructures. Increasing investment in the development of water containment and canaling projects and stringent environmental regulations aimed at preventing harmful materials from contaminating groundwater resources is expected to drive the demand for geosynthetics.