Geogrid Market could be worth US$ 931.49 million by 2028, says Premium Market Insights

Geogrid Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Uniaxial Geogrid, Biaxial Geogrid, and Triaxial Geogrid), Application (Road Construction, Railroad Stabilization, and Soil Reinforcement), and Manufacturing Method (Extruded, Knitted/Woven, and Bonded) The global geogrid market was valued at US$ 931.49 million in 2019 and is projected to reach US$ 2,079.02 million by 2028; it is expected to grow at a CAGR of 9.4% from 2020 to 2028.

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Competitive Landscape: Geogrid Market:
Geogrid is a geosynthetic material formed by combining the intersecting ribs and it is used to stabilize a terrain. Geogrids are mainly made up of polymers such as polyester, high-density polyethylene, and polypropylene. Geogrids are used as a base reinforcement to retain subsoils below roads and to reinforce retaining walls of a structure. The physical properties of geogrid such as minimal elongation with high tensile modulus and high tensile strength, make it a material of choice to be used as a reinforcement material.Based on type, the geogrid market is segmented into uniaxial geogrid, biaxial geogrid, and triaxial geogrid. The biaxial geogrid segment captured the largest share in the global geogrid market in 2019 and it is estimated to maintain its dominance during the forecast period. This growth can be attributed to superior junction strength and optimum load-bearing properties. The increasing demand for geogrids in road construction is mainly driving the biaxial geogrids segment of the market across the globe. In addition, they find use in soil stabilization, subbase reinforcement, foundation engineering, flyovers, bridges, and highway construction applications. Their beneficial features such as high tensile stiffness, excellent durability, and stretch resistance may favor the demand for biaxial geogrids during the forecast period.

BPM geosynthetics
HUESKER Synthetic GmbH
Tensar Corporation
NAUE GmbH & Co. KG
Carthage Mills, Inc.
SOLMAX
S i A Pietrucha Sp. z o.o
BOSTD Geosynthetics Qingdao Ltd
Thrace Group
Wrekin Products Ltd
TMP GEOSYNTHETICS
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Chapter Details of Geogrid Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Geogrid Market Landscape
Part 04: Geogrid Market Sizing
Part 05: Geogrid Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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