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Geosynthetics Market Growth Analysis By top Key player - Royal TenCate, GSE, Fibertex, TENAX, Tensar International Corporation, Agru America, Huesker, Terram Geosynthetics Pvt, TYPAR & More
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.
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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.
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.
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.
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.
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Strict environment norms implemented by EPA and REACH for construction industries coupled with increase in infrastructure spending in residential sector owing to massive movement of migrants to western countries and rising living standards of consumers should propel industry growth. Growth in geotextile market is expected in construction application due to superior characteristics such as tensile strength, porosity, flexibility, permeability and compatibility should boost geosynthetics demand.
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
More Details on this Report At: https://www.marketstudyreport.com/reports/geosynthetics-market
Related Report:
United States Geosynthetics Market Report 2018
In this report, the United States Geosynthetics market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-geosynthetics-market-report-2018/?utm_source=RR-PSR
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