Press release
Geosynthetics Market: Examining Market Growth, Key Players, and Emerging Trends
"Global Geosynthetics Market: Strong growth driven by infrastructure development, environmental regulations, and other factors.
What Is The Projected Market Size Of The Global Geosynthetics Market And Its Growth Rate?
The geosynthetics market is seeing a strong growth trajectory due to several contributing factors:
o The market size of geosynthetics was $13.7 billion in 2024 and it is expected to grow to $14.88 billion in 2025 at a CAGR of 8.6%.
o Factors such as infrastructure development, environmental regulations, urbanization, landfill construction, mining and oil & gas have been attributed to the historical period growth.
o The market size is projected to increase further to $21.57 billion in 2029 at a CAGR of 9.7%, driven by climate change resilience, waste management and recycling, infrastructure resilience, water and wastewater treatment, and coastal protection.
What Is Driving The Growth In The Geosynthetics Market?
Growth in the construction industry is propelling the geosynthetics market forward. The sector primarily involves the building and repairing of structures, and geosynthetics are seen as a means to improve the quality of factory-manufactured construction materials. They offer an economical solution for various functions like separation, filtration, reinforcement, drainage, waterproofing, erosion control, containment, and protection. For example, the Indian Ministry of Statistics and Programme Implementation has projected that their national construction sector will grow by 10.7% in 2022. Such growth in the construction industry is expected to further fuel the geosynthetics market.
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Who Are the Key Players Driving Geosynthetics Market Growth?
o GSE Holdings Inc.
o NAUE GmbH & Co. KG
o Fibertex Nonwovens A/S
o HUESKER Synthetic GmbH
o Tensar International Corporation
o AGRU America Inc.
o Low & Bonar PLC
o Groupe Solmax Inc.
o Officine Maccaferri SpA
o Asahi Kasei Advance Corporation
o Belton Industries Inc.
o Propex Operating Company LLC
o Global Synthetics Pty Ltd.
o TYPAR
o Tenax Pidilite India Private Limited
o Solmax International Inc.
o CETCO Minerals Technologies Inc.
o Carthage Mills
o Geofabrics Australasia
o Geosynthetics Limited
o Hanes Geo Components
o Kaytech Engineered Fabrics
o Maccaferri Canada Ltd.
o Mattex Geosynthetics
o Nilex Inc.
o Owens-Corning Fiberglass Company
o Polymer Group Inc.
o Presto Geosystems
o Raven Industries
o Strata Systems
o TenCate Geosynthetics Americas
o Thrace Group
o Titan Environmental Containment
o Tuflex India Pvt. Ltd.
o Wrekin Products Ltd.
What Are The Key Trends In The Geosynthetics Market?
Key trends in the geosynthetics market include:
o Geosynthetic reinforcement for roadways
o Use of geosynthetic liners in landfills
o Application of geotextiles in agriculture
o Adoption of advanced geocomposite technologies
o Innovations in sustainable materials
What Are The Segments Of The Global Geosynthetics Market?
The global geosynthetics market can be segmented into:
1) By Type: Geotextiles, Geomembranes, Geogrids, Geofoam, Geonets, Other Types
2) By Material: Polyethylene, Polypropylene, Polyester, PVC, Other Materials
3) By Function: Separation, Filtration, Drainage, Reinforcement, Protection (Cushion), Barrier Or Containment, Erosion Control
4) By Application: Waste Management, Water Management, Transportation Infrastructure, Civil Construction, Other Applications
Which Region Leads The Geosynthetics Market?
In 2024, Asia-Pacific was the largest region in the geosynthetics market and is expected to be the fastest-growing region over the forecast period. The report includes insights on regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Geosynthetics Market Global Market Report?
o Market Size Analysis: Analyze the Geosynthetics Market size by key regions, countries, product types, and applications.
o Market Segmentation Analysis: Identify various subsegments within the Geosynthetics Market for effective categorization.
o Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
o Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
o Market Contribution: Evaluate contributions of different segments to the overall Geosynthetics Market growth.
o Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
o Industry Challenges: Analyze challenges and risks affecting the Geosynthetics Market.
o Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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