Geosynthetics Market | Key players operating in the market include SOLMAX, NAUE GmbH & Co. KG, Officine Maccaferri Spa, Berry Global, Agru America

According to recent market research "Geosynthetics Market by Type (Geotextile, Geomembranes, Geogrids, Geofoams, Geonets), Application (Waste Management, Water Management, Transportation Infrastructure, Civil Construction), and Region - Global Forecast to 2026", The global geosynthetics market is projected to reach USD 13.2 billion by 2026 from USD 9.9 billion in 2021, at a CAGR of 6.0% between 2021 and 2026 The rising demand for geosynthetics is majorly due to Increasing investments on infrastructural developments, and rising concerns over waste and water management globally. Market growth is largely driven by the increasing population and urbanization, coupled with increasing industrial activities in the APAC and South America which is expected to offer opportunities for manufacturers during the forecast period. Developments in the field of material technology, and growing demand for sustainable products are presenting opportunities for the geosynthetics market.

Browse 184 market data Tables and 43 Figures spread through 232 Pages and in-depth TOC on "Geosynthetics Market - Global Forecast to 2026"
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Geotextiles are permeable, durable, and engineered fabrics made from fibers. These are non-biodegradable materials hence are used in engineering projects. Geotextiles are used in geotechnical engineering applications such as heavy construction, buildings, pavement construction, hydrogeology, and environmental engineering. They are also used for drainage and erosion control, pavement and repairs, soil reinforcements & stabilization, embankments, asphalt overlays, and others.

Waste management contributes for the largest market share for the geosynthetics market in 2020. Geosynthetics are used in waste management for performing various functions such as filtration, separation, drainage, barrier, and reinforcement. It includes the proper collection, transport, treatment, recycling, and disposal of residential, industrial, and commercial waste. Geosynthetics are essential for controlling the leakage of contaminated gas and liquid into groundwater, rivers, aquifers, and other freshwater sources. The rising demand for waste management owing to increase in population, urbanization, and industrialization is expected to drive the geosynthetics market during the forecast period.

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The global geosynthetics market is projected to reach USD 13.2 billion by 2026 from USD 9.9 billion in 2021, at a CAGR of 6.0% between 2021 and 2026. The rising demand for geosynthetics is majorly due to increasing investments on infrastructural developments, and rising concerns over waste and water management globally. Market growth is largely driven by the increasing population and urbanization, coupled with increasing industrial activities in the APAC and South America which is expected to offer opportunities for manufacturers during the forecast period. Developments in the field of technology, and growing demand for sustainable products are presenting opportunities for the geosynthetics market.

The key players in the geosynthetics market include SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa (Italy), Berry Global Inc (US), and Agru America, Inc (US). The geosynthetics market report analyzes the key growth strategies, such as new product launches, expansions, joint ventures, agreements, partnerships, and mergers & acquisitions adopted by the leading market players between 2018 and 2021.

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SOLMAX is a leading player in the geosynthetics business. Its diversified product portfolio reduces its market risks. The company has a strong global presence with a sales presence in more than 100 countries.

It develops innovative products that meet the quality standards and environmental regulations. SOLMAX focuses on development of sustainable and performance products with high expenditure on R&D to provide effective and efficient products to its customers. Investment and acquisition are among the key business strategies used by the company to strengthen its market position.

Officine Maccaferri is an active player in geosynthetics business. It caters to the needs of customers by providing innovative and performance driven materials. The company is taking initiatives to enhance its operational performance and improve profitability. It focuses on improving performances within existing business by undertaking innovation activities across its segments. It also emphasizes on development of customer-focused solutions that satisfies critical end-use requirements, hence is successful to build long-lasting relations with its customers.

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