Press release
Comprehensive Geosynthetics Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Geosynthetics Market Growth
Geosynthetics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a significant growth in the size of the geosynthetics market. It is projected to increase from its $13.7 billion value in 2024 to $14.88 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. Factors such as infrastructure development, enactment of environmental laws, urbanization, building of landfills, and industries like mining and oil & gas contribute to the growth experienced during the historic period.
Geosynthetics Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, a robust growth is anticipated in the geosynthetics market, projecting a rise to $21.57 billion by 2029 at a compound annual growth rate (CAGR) of 9.7%. Factors such as resilience to climate change, waste management and recycling, improvements in infrastructure, water and wastewater treatment, and coastal protection drive this growth in the forecast period. Furthermore, the market trends indicating significant growth in this timeframe include the use of geosynthetic reinforcement in road construction, geosynthetic liners for landfill sites, the application of geotextiles in farming, advancement in geocomposite technologies, and the innovation of sustainable materials.
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What Are the Drivers Transforming the Geosynthetics Market?
The expansion of the construction sector is playing a role in the overall development of the geosynthetics market. This sector primarily involves the creation and restoration of structures. Geosynthetics are viewed as a way to enhance the standard of mass-produced construction materials because they offer a cost-effective 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 forecasts that in 2022, the construction industry will grow by a significant double-digit figure of 10.7%. Thus, the progress in the construction industry is predicted to fuel the expansion of the geosynthetics market in the future.
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What Long-Term Trends Will Define the Future of the Geosynthetics Market?
The rise of strategic alliances and partnerships is a notable trend in the geosynthetics market, as key players seek to dominate through these collaborative efforts. In a recent example from April 2022, US steel and metal manufacturer Commercial Metals Co acquired Tensar International Corp for a sum which remains undisclosed. This acquisition serves to further CMC's action plan of broadening their lead in construction reinforcement via supplementary products that align with their existing lines. Tensar Corporation is a renowned, US-based manufacturer known for their impressive assortment of geosynthetic products.
Which Segments in the Geosynthetics Market Offer the Most Profit Potential?
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 Firms Dominate the Geosynthetics Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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