Press release
Global Geosynthetics Market Share 2018-2023: Koninklijke Ten Cate nv, Propex Operating Company LLC, HUESKER Synthetic GmbH, and Low & Bonar PLC
The global geosynthetics market is expected to register a CAGR of 10.05% during 2018 to 2023(the forecast period). The Asia-Pacific region is estimated to lead the market, due to its rapid increase in infrastructure and mining activities. The construction sector is expected to be the fastest-growing market segment by application.
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Increasing Usage in Mining Activity
The growth in the usage of geosynthetics in mining activity is due to its ability to resist the harsh environment they are exposed to, the extreme ranges in leachate properties generated from the various ore extraction processes, and the extremely large normal loads they are subjected to. On mining sites, geomembranes are used primarily for liquid containment (drainage waters, process solutions, treatment ponds) as basal liners. The geomembrane lining material is also used to retain chemical solution, which is used to dissolve minerals from the ore and to allow the leachate to be collected and refined. This helps to reuse and reduce wastage of chemicals. Geogrids have been used to stabilize soft soils present on the upper layers and mine tailings for soil cover placement. Geopipes are used for the conveyance of drainage, runoff, process waters, or leak detection around mining sites. Geotextiles are used as cushion layers to provide a cushioning effect to avoid abrasion of metals. Geotextiles are also used as filter cloths to filter byproducts. With the ever-increasing requirements of metals and fuel, mining activity keeps growing, and this, in turn, leads to an increase in the amount of geosynthetics used.
Construction - The Fastest Growing Application
In the construction industry, the usage of geosynthetics is primarily found in road and pavement construction, railroad stabilization, and tunnels. United States has the largest construction industry in North America is growing at a significant rate, with market expected to cross USD 460 billion in residential sector and USD 700 billion in the non-residential sector, hugely driven by the continuous investments in office buildings, highways, and street projects. This growing US construction industry is also expected to drive the booming geosynthetics market through 2022. Saudi Arabia’s major initiatives concerning infrastructural development included White Land Tax Initiative and Transport Infrastructure Development plan in Riyadh. Under this, the government is focusing on the construction of 175 km of six-lane road and 85 stations; this is anticipated to complete by the end 2018. The Government of Canada has planned to invest in new rail lines. Other countries, such as Argentina, South Korea, France, and Japan, among others have also planned to invest in railway infrastructure development. Because of increased activities in road and railway networks and the need for faster development, the demand for geosynthetics is anticipated to increase in the coming years.
Asia-Pacific Region to Lead the Market
The Asia-Pacific has the largest construction market, which is led by India, China, and various Southeast Asian countries. In India, the government has initiated projects, such as 100 smart cities and ‘Housing for All by 2022’, which are expected to immensely drive the residential construction market through the forecast period. The country has even experienced significant interest from foreign investors in its infrastructure sector. Altico Capital, the non-banking finance company of Clearwater Capital Partners LLC, has expressed interest to invest around USD 150 million to develop commercial office properties and improve the infrastructure sector over the next one and a half years. The Asian Development Bank approved a loan of USD 631 million to develop the Vishakhapatnam-Chennai industrial corridor. PTC India Financial Services (PFS) and India Infrastructure Finance Company Limited (IIFCL) entered into an agreement to provide funding for infrastructure projects in India. In Australia, Forrest field Airport Link is expected to get USD 490 million worth investment, USD 261 million for Perth Freight Link, and USD 115 million for continuing work at Western Sydney Airport. The market for geosynthetics in South Korea boosted due to the Winter Olympic Games in Pyeongchang, Gangwon province held in Feb 2018, with the government investing USD 10.8 billion to construct new stadiums and other associated infrastructure. All these factors would rapidly drive the market for geosynthetics in Asia-Pacific region in the forecast period.
Notable Developments in the Market
January 2017: Hanes Geo Components announced that the company has reached an agreement to acquire Terrafix of Toronto, Canada
Major Players: Koninklijke Ten Cate nv, Propex Operating Company LLC, HUESKER Synthetic GmbH, and Low & Bonar PLC, amongst others.
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Major Point from Table of Content:
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 ACE Geosynthetics
8.2 ACH Foam Technologies
8.3 Agru America Inc.
8.4 Avintiv Inc. (Berry Global Inc.)
8.5 Belton Industries Inc.
8.6 Bonar Corporation
8.7 Carthage Mills
8.8 CETCO (Minerals Technologies Inc.)
8.9 Contech Engineered Solutions LLC (A Quikrete Company)
8.10 DowDuPont
8.11 Geo-Synthetics LLC
8.12 GSE Environmental
8.13 Hanes Geo Components (Leggett & Platt Inc.)
8.14 Huesker Synthetic GmbH
8.15 Huifeng Geosynthetics
8.16 Jinan GTM Building Materials Co. Ltd
8.17 Kaytech Engineered Products
8.18 Low & Bonar PLC
8.19 NAUE GmbH & Co. KG
8.20 Presto Geosystems
8.21 Propex Operating Company LLC
8.22 Royal Ten Cate
8.23 SKAPS Industries
8.24 Solmax International Inc.
8.25 Strata Systems Inc.
8.26 Tenax Group
8.27 Tensar Corporation
8.28 TERRAM
8.29 Tessilbrenta SRL
8.30 TMP Geosynthetics
9. Disclaimer
Read more....
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