Geosynthetics Market Size Phenomenon: Surging at 11.2% CAGR by 2030

According to a report by Allied Market Research, the global geosynthetics market generated $13.2 billion in 2020 and is projected to reach $37.9 billion by 2030, reflecting a CAGR of 11.2% from 2021 to 2030. This comprehensive report offers an in-depth analysis of the major drivers, opportunities, key segments, investment pockets, competitive landscape, and key players in the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A06387

Market Insights:

Eswara Prasad, Manager of Materials & Chemicals at Allied Market Research, commented, "The rise in demand from the transportation sector, increased demand from the energy sector, and the cost-efficiency of geosynthetics are fueling market growth. However, the volatility in petrochemical prices hinders this growth. Conversely, the surge in demand for sustainable products in emerging economies presents lucrative opportunities."

Market Segmentation:

By Type:

- Geomembranes: Held nearly two-fifths of the market share in 2020 and is anticipated to lead by 2030.
- Geogrids: Expected to exhibit a CAGR of 12.1% from 2021 to 2030.

By Application:

- Water/Wastewater Management: Accounted for nearly two-fifths of the market revenue in 2020 and is projected to dominate by 2030.
- Energy: Forecasted to show the fastest CAGR of 13.0% from 2021 to 2030.

By Region:

- Asia-Pacific: Held the highest share in 2020, with more than one-third of the market. This region is also expected to showcase the fastest CAGR of 13.3% during the forecast period.
- North America: Followed closely behind Asia-Pacific in market share.

Key Players:

Leading companies in the global geosynthetics market include:

- Freudenberg Group
- Maccaferri S.p.A.
- Tensar International Corporation
- AGRU
- Huesker Group
- Naue GmbH & Co. KG
- Schouw & Co
- PRS Geo-Technologies
- Solmax
- Tenax Group

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/geosynthetics-market-A06387

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.