Geosynthetics Market 2020 Forecast by key players like Tensar International Corporation, ACE Geosynthetics, Texel, Kaytech

Geosynthetics Market size was estimated at USD 7.5 billion in 2016 and is projected to surpass USD 12 billion by the year 2024.

Asia Pacific geosynthetics market growth is expected to surpass USD 3.5 billion during the forecast timeframe owing to increasing urbanization in the region which has significantly boosted the demand for new residential & commercial buildings in the region. Rising demand for high performance materials in construction activities to enhance durability, strength and reduce maintenance cost of buildings is likely to have a positive impact on product demand. Rise in construction projects and increasing research & development activities have enabled innovations in raw material manufacturing which shall escalate the market growth.

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Geotextiles, an integral product vertical of geosynthetics market, have been experiencing a preferential position in today's construction projects such as upkeep of roads, dams, harbors, airfields, and canals. This is due to the fact that non-woven geotextiles provide viable solutions to projects where conventional granular construction materials are not readily available.

While civil workers were initially reluctant of deploying these new filter materials, the notable difference it has brought in designing the base and stabilizing the terrain, has led to an increased geotextile consumption in repair activities. Aided by the benefits of its inherent superior properties like permeability, retention, porosity, retention, and tensile strength, experts claim that geotextile market from pavement repair applications is expected to exceed USD 480 million in 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Koninklijke Ten Cate B.V.
o GSE Holding Inc.
o Fibertex Nonwovens A/S
o TENAX SPA
o Tensar International Corporation
o Agru America Inc.
o Huesker Synthetic GmbH
o Global Synthetics Pty. Ltd.
o TERRAM Ltd.
o Belton Industries Inc.
o Techfab India
o Garware-Wall Ropes Ltd.
o CTM Geosynthetics
o Parry Enterprises India Limited
o SKAPS Industries
o MARUTI RUB PLAST PVT. LTD.
o Strata Systems Inc.
o ACE Geosynthetics
o Jeevan Products Pvt. Ltd.
o Maharshee Geomembrane (India) Pvt. Ltd.
o RMG Polyvinyl India Limited.
o Premier Ployfilm Ltd.
o Techno Fabrics Geosynthetics Pvt. Ltd.
o Fibromat (M) Sdn Bhd.
o Texel
o Carthage Mills Inc.
o Kaytech
o Lamifab Industries
o Tuflex India

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A precise archive of the application diversification of geotextiles in massive constructional projects:

o A recent precedent aptly depicting penetration of geotextiles in critical construction projects is Canada's permanent road to Arctic coast. Reportedly, the 120km highly construction involved integrating of geotextile fabric between the road and the ground by employing a fill technique that ensures projection of the permafrost. Experts claim this to be one of the flagship projects that the regional geosynthetics marketplace has lately witnessed, given the fact it is Canada's first ever road linking the country's Artic coast with the towns of Inuvik, which until now were only accessible by airplane.

o Citing another noteworthy instance in geosynthetics industry- recently the national airport in Minsk has made to the headlines with the announcement of its plan of renovating the primary runway. Amidst the various initiatives implemented by the regional government under this runway reinforcement project, it is reported that the new runway would comprise of a base layer that is reinforced with Multitex PET from Machina. Allegedly, these geotextile-geogrid materials manufactured by Machina not only deliver excellent runway reinforcement but also ensure proper drainage support and soil separation.

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