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Geosynthetics Market Growth Trends 2018-2024 | Global Key Player; Tenax Corporation, HUESKER Group, Tensar International Corporation, Strata Systems, Agru America,Inc, GSE

09-28-2018 11:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Geosynthetics Market

Geosynthetics Market

China Geosynthetics Market is estimated to surpass USD 1.5 billion by 2024 owing to extensive application of geosynthetics in construction, water treatment and waste management. Japan will also contribute to the expansion of APAC geosynthetics market, due to the rising deployment of geocells for soil structure retention, driven by the product’s superior properties of soil erosion prevention while allowing water passage.

LATAM and Europe are also expected to observe substantial growth in geosynthetics market. Owing to the Growth Acceleration Program (PAC) initiated by the Brazilian government that will concentrate on the expansion of commercial and industrial construction as well as urbanization in the country, Brazil geosynthetics industry is expected to witness a 5.5% growth rate over 2017-2024.

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Geosynthetics Market size is set to surpass USD 12 billion by 2024. Increasing environmental concerns along with shift in consumer trends towards green buildings and material should positively influence industry growth.

Geotextile market size from pavement repair applications should exceed USD 480 million by 2024. It possesses high tensile strength, permeability, abrasion resistance and porosity, thus restricting water percolation and preventing crack formation in pavements and roads. Increasing demand for geotextiles as physical in barrier between the aggregate and weak part of subgrade soil and reduction of repair & construction cost and time should favor geosynthetics market growth.

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Uniaxial geogrids market size is likely to register significant gains at over 4.5% at the end of forecast timeframe. These products are mainly used as reinforcements on weak part of subgrade soils for erosion control and soil stabilization, resulting into longer lifespan of roads. Shifting consumer preference for modern construction along with increasing government spending on infrastructure development should positively influence geosynthetics market growth.

UK geosynthetics demand should expect consumption at over 385 million square meters by 2024. Strict regulation pertaining to solid waste management should enhance product demand. Regulatory bodies are promoting geomembrane application in municipal solid waste management systems. These products also prevent leakage and facilitate flow through designed drainage system. Proper drainage system will eliminate negative waste impact on surface & underground water bodies, thus propelling regional industry growth.

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HDPE based geonets market size is likely to witness steady growth close to 5% over the forecast period. Increasing demand of geonets in soil reinforcement application owing to porosity, permeability and tensile strength should favor industry growth.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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