Press release
Prominent Geosynthetics Market Trend for 2025: Strategic Partnerships And Collaborations Among Market Players
The expansion of the construction sector is a significant factor propelling the development of the geosynthetics market. This sector largely deals with the creation and repair of structures. Geosynthetics are thought to enhance the caliber of factory-produced construction materials since they offer a cost-effective solution for a range of functions including separation, filtration, reinforcement, drainage, erosion control, waterproofing, containment, and protection. For example, as per the Indian Ministry of Statistics and Programme Implementation's data, a double-digit growth of 10.7% is anticipated for the construction industry in 2022. Hence, the progress of the construction arena is predicted to fuel the advancement of the geosynthetics market in the future.
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What is the projected compound annual growth rate (CAGR) of the geosynthetics market from 2025 to 2034, and what factors influence it?
In the past few years, the geosynthetics market has expanded significantly. The market's size will increase from $13.7 billion in 2024 to $14.88 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.6%. The growth experienced in the historical period is attributed to factors like infrastructure development, environmental regulations, urbanization, construction of landfills, and the mining and oil & gas sectors.
The size of the geosynthetics market is projected to experience substantial expansion in the upcoming years. It is expected to surge to $21.57 billion in 2029, with a compound annual growth rate (CAGR) of 9.7%. The anticipated expansion during this period can be linked to factors such as climate change resilience, waste management and recycling, infrastructure resilience, water and wastewater treatment, and coastal protection. Noteworthy trends during this forecast period encompass geosynthetic reinforcement for highways, geosynthetic liners for landfills, geotextiles in farming, state-of-the-art geocomposite technologies, and innovations in sustainable materials.
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How are the latest trends influencing the growth of the geosynthetics market?
The trend of strategic alliances and cooperations has become increasingly prevalent in the geosynthetics industry. In order to dominate the market, major corporations are concentrating on these arrangements. For example, Commercial Metals Co, an American steel and metal producing firm, purchased Tensar International Corp in April 2022 for an undisclosed sum. This procurement boosts CMC's plan to broaden its command in construction fortification through the inclusion of value-added items that supplement their current products. Tensar Corporation is an established manufacturer of geosynthetic products based in the United States.
What are the major segments of the geosynthetics market and their role in driving growth?
The geosynthetics market covered in this report is segmented -
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
Subsegments:
1) By Geotextiles: Woven Geotextiles, Non-Woven Geotextiles, Knitted Geotextiles
2) By Geomembranes: HDPE (High-Density Polyethylene) Geomembranes, LDPE (Low-Density Polyethylene) Geomembranes, PVC (Polyvinyl Chloride) Geomembranes
3) By Geogrids: Uniaxial Geogrids, Biaxial Geogrids, Triaxial Geogrids
4) By Geofoam: Expanded Polypropylene (EPP) Geofoam, Expanded Polystyrene (EPS) Geofoam
5) By Geonets: Plastic Geonets, Composite Geonets
6) By Other Types: Geocomposites, Geotextile Tubes, Geocells
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Which regions are key players in the growth of the geosynthetics market?
Asia-pacific was the largest region in geosynthetics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geosynthetics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the geosynthetics market?
Major companies operating in the geosynthetics market include GSE Holdings Inc., NAUE GmbH & Co. KG, Fibertex Nonwovens A/S, HUESKER Synthetic GmbH, Tensar International Corporation, AGRU America Inc., Low & Bonar PLC, Groupe Solmax Inc., Officine Maccaferri SpA, Asahi Kasei Advance Corporation, Belton Industries Inc., Propex Operating Company LLC, Global Synthetics Pty Ltd., TYPAR, Tenax Pidilite India Private Limited, Solmax International Inc., CETCO Minerals Technologies Inc., Carthage Mills, Geofabrics Australasia, Geosynthetics Limited, Hanes Geo Components, Kaytech Engineered Fabrics, Maccaferri Canada Ltd., Mattex Geosynthetics, Nilex Inc., Owens-Corning Fiberglass Company, Polymer Group Inc., Presto Geosystems, Raven Industries, Strata Systems, TenCate Geosynthetics Americas, Thrace Group, Titan Environmental Containment, Tuflex India Pvt. Ltd., Wrekin Products Ltd.
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What Is Covered In The Geosynthetics Global Market Report?
•Market Size Forecast: Examine the geosynthetics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the geosynthetics market for a structured understanding.
•Key Players Overview: Analyze major players in the geosynthetics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the geosynthetics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the geosynthetics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the geosynthetics market.
•Industry Challenges: Identify potential risks and obstacles affecting the geosynthetics market.
•Competitive Landscape: Review strategic developments in the geosynthetics market, including expansions, agreements, and new product launches.
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