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Geosynthetics to Help Fight Soil Erosion, Protect Farmlands

10-04-2016 11:12 AM CET | Industry, Real Estate & Construction

Press release from: TMR - Market Research

The global market for geosynthetics is expected to remain as a largely fragmented one, owing to the ease with which companies can manufacture most synthetic fibers. While a majority of the market value was taken up by regional players in 2014, the three leading players at the time had held a collective share of 27.7%. TenCate Geosynthetics, GSE Environmental, Inc., and Officine Maccaferri S.p.A., the leading players of 2014, hold massive production capacities present in key locations across the world.

According to a new publication by Transparency Market Research, geogrids are expected to lead all geosynthetic product types in terms of market attractiveness till 2023.

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The report also suggests a very high level of competition in the market, created primarily by the sheer number of regional players that exist. The various types of geosynthetics that are in need today and the diversity in their manufacture allow a large number of players to enter the market in order to meet the varied requirements of each product.The global market for geosynthetics is expected to expand at a CAGR of 9.1% within a forecast period from 2015 to 2023, with respect to its revenue. By the end of 2016, this revenue is expected to reach US$11.3 bn, and reach US$20.8 bn by the end of 2023.

APAC Continues to Show High Demand for Geosynthetics

North America and Europe are expected to lose their share in volume in geosynthetics to the already dominant Asia Pacific region. By the end of 2023, Asia Pacific is projected to show an increase in geosynthetics volume share to take up 40.2% of it.The product segment of geotextiles is expected to remain dominant till 2023, by which year it is expected to take up 39.7% of the overall volume. Geogrids are expected to show an increase in market share till 2023.Containment will continue to be the leading function for geosynthetics over the coming years. By 2023, this segment is expected to take up 42.1% of the global geosynthetics volume.

Browse The Full Research Report @:
http://www.transparencymarketresearch.com/geosynthetics-market.html

Growing Environmental Concerns Raise Demand for Geosynthetics Globally

“Geosynthetics excel in being a protective layer for a large number of chemicals and materials, including all types of soil. This is crucial as the use of geosynthetics can be used to prevent the rampant soil erosion that is degrading soil quality across the world. Geomembranes are also being used in wastewater management as well as other applications such as soil binding,” states a TMR analyst.The use of geosynthetics to prevent soil erosion can massively improve soil quality by preventing the soil’s loss of nutrients and moisture, thereby helping farmers retain their overall planting area and production rate.
Outside of agriculture, the growing rate of soil erosion is also causing eutrophication, increasing the chances of floods, increasing sedimentation issues, and creating a loss of biodiversity. The need for geosynthetics is therefore becoming more apparent over the years.

Volatility of Raw Material Costs Deters Geosynthetics Manufacturers

Naphtha is the core material used for the production of polypropylene, polyethylene, and polyester, which are the main raw materials for the manufacture of geosynthetics. Naphtha being derived from crude, the entirety of geosynthetics manufacture thus depends on the pricing and availability of crude oil in a particular region.Depleting natural reserves of crude oil combined with the higher demand for crude in the production of fuel is creating a major hindrance for geosynthetics manufacturers in procuring raw materials at reasonable prices. This is deterring many players from entering the market as well.The scope of utility of geosynthetics is expected to grow over the coming years, more likely in green roof and green wall construction projects. This is a key opportunity that manufacturers can look in to.

The information presented in this review is based on a Transparency Market Research report, titled, “Geosynthetics - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways:

Green roof and green wall-based consumption of geosynthetics is expected to reach US$10.72 bn by 2023.
Revenue from geotextiles is expected to reach US$7.42 bn by 2023.
Utility of geosynthetics for containment is expected to rack up US$9.38 bn by 2023.
Key segments of the Global Geosynthetics Market

Global geosynthetics Market, by Product
• Geotextiles
• Geomembranes
• Geogrids
• Drainage Composites
• Others

Global geosynthetics Market, by Function
• Containment
• Reinforcement
• Filtration and Drainage
• Others

Global geosynthetics Market, by Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Transparency Market Research
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Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog: http://globalresearchmarket.blogspot.in/

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