Road (Paved and Unpaved) Segment in the South Asia Geosynthetics Market to Grow at a Faster Pace in the Coming Years

The South Asia geosynthetics market is anticipated to witness robust market growth over the period of assessment 2017-2027. To support this statement, Market Research Reports Search Engine has introduced a new research study titled “Geosynthetics Market: South Asia Industry Analysis and Opportunity Assessment (2017-2027),” which includes several South Asia market statistics with respect to various segments of the geosynthetics market. The entire product ecosystem is covered in this research publication, which could serve as a guideline for both manufacturers and buyers in the years to come. The market segmentation has been carried out considering the important South Asian countries of Australia, India, New Zealand, ASEAN and rest of South Asia. Forecasting based on insights has been included to give a realistic market projection of 10 years (2017-2027), which can assist new entrants as well as current market players in the South Asia geosynthetics market. To add to the credibility of the study it also discusses the key trends, developments and opportunities that have a high contribution in shaping the market during the assessment period. Information on key growth propellers and growth pullers is studied to get a clear market understanding during this period and this can be leveraged to achieve substantial advantage and competitive edge.

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South Asia Geosynthetics Market: Forecast
The South Asia geosynthetics market is expected to register a CAGR of 12.7% by value throughout this period to reach a market valuation of around US$ 2.65 Bn by the end of 2027. With respect to volume, it is projected to witness a CAGR of 12.6% during the assessment period.

South Asia Geosynthetics Market: Key Market Insights
Demand for geosynthetics material is rising especially in the rail and road infrastructure projects. In road construction, geosynthetics are used to subgrade stabilization and separation, filtration, base reinforcement and absorption of overlay stress. They are also extensively used in railway line construction, wherein they perform the function of providing stability.

Governments in South Asian countries are looking forward to invest heavily in rail and road infrastructure development, which has spurred the demand for geosynthetics across this region. In India, the government is anticipated to invest more than US$ 14 Bn in developing road infrastructure during 2016-2017.

ASEAN countries are likely to boost investments in enhancing road and railway infrastructure, either through the FDI or through government investments. Several huge investment projects have been undertaken in ASEAN countries, and this number is expected to grow even further in the coming years. This is likely to boost the consumption of geosynthetics and hence the market in the years to follow.

Road (paved and unpaved) segment by application is expected to be a lucrative segment with respect to value as well as volume during the assessment period. It is projected to grow at a high value CAGR of 14.0% to reach a probable evaluation of about US$ 1.4 Bn by 2027 end. The landfills and erosion control segment in the application category is estimated to grow at a robust CAGR of 12.9% by value to reflect a market valuation of around US$ 340 Mn by the end of the assessment period. Dams, waterworks and riverbanks segment is also likely to witness significant market share and grow at a CAGR of 12.6% throughout the assessment period 2017-2027.

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The geosynthetics market is undergoing highly intensive competition due to the presence of a large number of market participants. Working on product innovations and development of new technologies to obtain high performance to make them easily available at a competitive pricing is likely to offer expansion opportunities to players in the future.

Geosynthetics material needs high quality equipment that comes at a high price, thus increasing the construction cost. Rising construction costs coupled with less availability of skilled personnel and labor force is a major challenge to the growth of the South Asia geosynthetics market.

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