Global Geocomposites Market Research Analysis for Growth 2018-2023

We provide the Trending Market Research Report on “Global Geocomposites Market, Forecast to 2023” under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Geocomposites Market is projected to grow at a CAGR of 11.8% between 2018 and 2023, in terms of value

The geocomposites market is estimated at USD 423.7 million in 2018 and is projected to reach USD 740.0 million by 2023, at a CAGR of 11.8% between 2018 and 2023. The increasing demand for geocomposites in road & highway application is projected to drive the growth for the geocomposites market. Further, the growing construction & infrastructural projects and supportive government policies and increasing environmental protection regulations are also projected to boost the geocomposites market. The absence of quality control in developing countries is one of the factors restraining the growth of the market.

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The road & highway segment of the geocomposites market is projected to grow at the highest CAGR, in terms of value, during the forecast period

The road & highway application is projected to grow at the highest CAGR during the forecast period. The growing infrastructure activities across the globe are driving the geocomposites market as these composites offer high quality and are a cost-effective alternative in various applications. China and India witnessed high growth in the geocomposites market as its major application, road & highway, is rapidly growing in these economies.

The geocomposites market in the APAC region is projected to grow at the highest CAGR, in terms of value, between 2018 and 2023

APAC is projected to register the highest CAGR between 2018 and 2023 in the geocomposites market. The continuous rise in construction projects in the developing economies such as China and India has resulted in high demand for geocomposites products in the region. The growth and innovations in the Chinese construction & infrastructure industry are estimated to generate a positive impact on the geocomposites market in the country. In addition, the initiatives taken by the government in building new highways is expected to further increase the demand for geocomposites in the construction projects of the country. All these factors make APAC the fastest-growing geocomposites market.

This report provides a comprehensive analysis of the key companies listed below:

- GSE Environmental (US)
- TenCate Geosynthetics (US)
- Maccaferri S.P.A. (Italy)
- SKAPS industries (US)
- ABG Ltd. (UK)
- Hans Geo Components (US)
- Huesker Synthetics GmbH (Germany)
- Thrace Group (Greece)

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