Geosynthetics Market is Forecasted to Reach US$ 18.4 Billion in 2030, Says Stratview Research

The global geosynthetics market is projected to witness a growth rate of 4.5% annually from 2024 to 2030, with an anticipated size of US$ 18.4 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global geosynthetics market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 18.4 billion
Growth (CAGR): 4.5% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Geosynthetics Market:

The global Geosynthetics market is segmented based on Application type, Function type, Technology type, Material type, and Region.

Based on application type - The geosynthetics market is segmented into roads and other trafficked areas; asphalt reinforcement; railways; tunnels & underground structures; earthworks, foundations, and retaining walls; solid waste disposal; drainage systems; erosion control works; reservoirs & dams; canals; liquid waste containment; and others. Roads and other trafficked areas and asphalt reinforcement applications are expected to remain dominant due to the growing road construction activities around the world and increasing penetration of geosynthetics in road construction, mainly for drainage and separation purposes. In road engineering, geosynthetics serve multiple functions, such as creating drainage structures, separating layers, preventing uneven settlements, providing waterproofing, and reinforcing road infrastructure and superstructure layers. More than 35% of the world's roads are paved of which the majority are in Europe and North America. The fastest growth for the geosynthetics needs for liquid waste containment is primarily due to the stringent environmental standards for waste management in high-income countries.

Based on function type - The market is segmented into separation & filtration, protection, reinforcement, drainage, and interlayer barrier and stress relief. Separation & filtration are expected to remain the dominant function of geosynthetics in the market during the forecast period as they effectively filter impurities and prevent soil erosion in civil engineering applications critical for environmental protection and water management. As more infrastructure projects are planned globally, especially in developing regions, separation and filtration functions are increasingly needed to maintain the integrity of roads, railways, and drainage systems.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific is expected to remain the largest market for geosynthetics during the forecast period. Countries like China, India, and Southeast Asian nations are witnessing rapid urbanization and driving demand for roads, railways, airports, and bridges, where geosynthetics are essential for soil stabilization, separation, and drainage. Government investments in highways, smart cities, and transport corridors (e.g., China's Belt and Road Initiative and India's Bharatmala Project) are increasing the adoption of geosynthetics. The demand for geosynthetics in the region is propelled by growing investment in public infrastructure development and the need for effective solid waste management systems. Expansion of industrial zones and facilities requires geosynthetics for land preparation, erosion control, and drainage solutions. The availability of raw materials and cheaper labor in countries like China and India enables cost-efficient production of geosynthetics, making the region competitive in both domestic and international markets.

Geosynthetics Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing road and infrastructure construction activities, a shift in focus, and government regulations on solid and liquid waste management.
• Increasing penetration of geosynthetics in developing countries like India, China, and Eastern European countries, among others.
• Rapid urbanization and a huge number of large-scale government projects are fuelling the demand for geosynthetics in the long run.

Top Companies in the Geosynthetics Market:
Stratview Research has identified the following companies as the top market players.
• Solmax
• AGRU America, Inc.
• Officine Maccaferri S.p.A.
• Hanes Geo Components (Leggett & Platt)
• Tensar International
• BontexGeo
• HUESKER Group
• Sioen Industries
• NAUE GmbH & Co.
• SKAPS Industries
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Geosynthetics Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.