Geogrid Market Projected To Augment At A CAGR 5.21% During Forecast Period|Key Players: Low & Bonar, Koninklijke Ten Cate bv, Officine Maccaferri Spa, HUESKER

The geogrid market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.21% in the above-mentioned forecast period.

Geogrids are used for reinforcement in construction applications. It is a class of geosynthetics material which are formed by polymers such as polyester, high-density polyethylene and polypropylene. The physical properties of geogrid such as minimal elongation with high tensile modulus and high tensile strength.

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The factors such as rising levels of infrastructural development from a number of different regions worldwide, reduction in maintenance cycles and cost and number of benefits that these materials offer in terms of infrastructural stability and low maintenance requirement for infrastructure and better sustainability for a longer period are the root cause fueling up the market growth rate. Additionally, the core application areas for geogrid are expanding from infrastructural stabilization to filtration, drainage and protection amongst various others will further carve the way for the growth of market. However, shortage of training and skilled civil engineers and designers' work force and volatility in polyester and polypropylene prices due to fluctuating crude oil prices impede growth of the geogrid market.

The significant levels of research and development activities carried out by a number of established manufacturers and various technological advancements such as launch of hundred percent recycled polyethylene terephthalate (PET) based geogrid are estimated to generate numerous opportunities for the market. On the flip side, the factors such as volatility in raw material prices pose as a major challenge to the growth of the geogrid market.

Competitive Landscape and Geogrid Market Share Analysis

The geogrid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to geogrid market.

Key Market Competitors Covered in the Report
Low & Bonar
Koninklijke Ten Cate BV
Officine Maccaferri Spa
HUESKER, Strata Systems, Inc.
ACE Geosynthetics
Carthage Mills, Inc.
Asahi Kasei Advance Corporation
Tensar International Corporation
Tenax S.p.a.
 NAUE GmbH & Co. KG
Propex Operating Company, LLC
Pietrucha Sp. z o.o.
BOSTD Geosynthetics Qingdao Ltd.
Taian Modern Plastic Co., Ltd
Wrekin Products Ltd
Thrace Group
Diamond Grid
GSE Environmental
Mahina-TST OOO
Maruti Rub-Plast Pvt. Ltd.
 Titan Environmental Containment
TECHFABINDIA

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This geogrid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on geogrid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Geogrid Market Scope and Market Size

The geogrid market is segmented on the basis of function, product type, material type, manufacturing process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of function, the market is segmented into punched and drawn, coated yarn, welded rods/straps and others.
On the basis of product type, the geogrid market has been segmented as uniaxial, biaxial and triaxial.
On the basis of material type, the market has been segmented as polyethylene (PE), polypropylene (PP) and others.
Based on the manufacturing process, the geogrid market consists of knitting/weaving, welding/bonded and extrusion.
On the basis of application, the market has been segmented as road industry, railroad stabilization, retaining walls, soil reinforcement/erosion control, landfill, construction and others.

Geogrid Market Country Level Analysis

The geogrid market is analyzed and market size, volume information is provided by function, product type, material type, manufacturing process and application as referenced above.

The countries covered in the geogrid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is estimated to dominate the geogrid market owing to the increasing levels of infrastructural development, industrialization and urbanization within the region. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the rising consumption from end-use industries and implementation of promotional marketing strategies, thus further increasing demand for geogrid market.

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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

- Political (Political policy and stability as well as trade, fiscal, and taxation policies)

- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

- Technological (Changes in digital or mobile technology, automation, research, and development)

- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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