Press release
Worldwide Geosynthetics Market by Product 2024 | Royal TenCate, GSE, TENAX, Tensar International Corporation, gru America,Inc, Global Synthetics Pty Ltd, Terram Geosynthetics Pvt. Ltd, TYPAR
Geosynthetics Market, Geosynthetics Market trends, Geosynthetics Market forecast, Geosynthetics Market analysis
Geosynthetics Market is set to surpass USD 12 billion by 2024; according to a new research report.
Meticulously analyzed in terms of pivotal industry segments, Global Geosynthetics market report effectively covers the scope of this space in terms By Product, By Application, By Technology and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.
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The report extensively bifurcates the various contenders of Global Geosynthetics market. Prominent contributors such as Royal TenCate, GSE, TENAX, Tensar International Corporation, gru America,Inc, Global Synthetics Pty Ltd, Terram Geosynthetics Pvt. Ltd, TYPAR, TechFab India, CTM Geosynthetics, Parry Enterprises India Limited, SKAPS Industries, MARUTI RUB PLAST PVT. LTD have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.
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.
HDPE based geonets market 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.
Japan geocells market is likely to exceed USD 30 million by the end of projected period. Increasing environmental concerns with rise in consumer awareness for consumption of biodegradable material should drive regional industry growth. Growth in soil erosion control program along with superior properties of the product to allow water passage and retain soil granules should enhance product demand, thereby driving regional geosynthetics market growth.
TENAX, Royal TenCate, Tensar International, Fibertex, TYPAR and Huesker are the prominent industry participants in geosynethtics market. Strong R&D spending by manufacturers in order to comply with various environmental regulations may improve and expand product portfolio thereby stimulating industry growth.
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U.S. geosynthetics market is poised to exceed USD 3 billion by 2024. American Association of State Highway and Transportation Officials (AASHTO) had designed standard specifications for geosynthetics including geotextiles and enrolled installation rules for application in drainage, separation, slit fencing, pavement and erosion control program. These products possess high mechanical strength and hydraulic property, which in turn prevent cracking, subgrade mixing and increases road life time.
Geotextile market 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.
Polyester, polypropylene, polyethylene, EPDM and PVC are the major raw materials used in the production process of geosynthetics. Fluctuating raw material costs owing to widespread usage in construction, and automotive industries may impact industry profitability & affect geosynthetics market supply demand gap.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Geosynthetics Industry Insights
Chapter 4. Geosynthetics Market, By Product
Chapter 5. Geosynthetics Market, By Region
Chapter 6. Company Profiles
For More Details on this Report At: https://www.marketstudyreport.com/reports/geosynthetics-market
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