Geosynthetics Market is projected to Reflect 10.1% CAGR throughout (2017-2027)

Future Market Insights has conducted a comprehensive study of the global geosynthetics market in its recent report ‘Geosynthetics Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’. The geosynthetics market is expected to grow at an exponential CAGR of 10.1% for the forecast period and be worth more than US$ 22 billion by end 2027.

End Use – Water Containment Critical to Prevent Impending Water Scarcity

Large scale infrastructure projects planned across developed and emerging economies should directly benefit the geosynthetics market. China, India, and the US in particular have the maximum ongoing infrastructural improvement activities in place and companies are advised to focus on these huge and dynamic nations. An exploding population has led to high water consumption and a looming water crisis of the future. Thus, governments are rushing to conserve their limited water resources for both present and future generations. Governments, NGO’s, and private companies are actively involved in water containment projects for industrial and irrigation applications. Geocomposites are the preferred option for waterproofing or water containment as they form a layer that avoids water absorption.

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Region – Modernisation and Urbanisation in APEJ Outpaces all Other Regions

The APEJ region is riding high on the strong economic growth in China, India, and a number of ASEAN nations and the region is on track to witness an exponential CAGR of 12.8% from 2017 to 2027. The rapid modernization in these countries and the shift of millions of people from rural to urban areas is creating limitless opportunities for all companies in the geosynthetics market. The region has the added advantage of surplus labour allowing manufacturers to offer their products at a relatively lower cost, thus boosting adoption in the APEJ geosynthetics market.

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Competition Dashboard in the Geosynthetics Market

The companies profiled in the geosynthetics market report are Low & Bonar PLC, Raven Industries, AGRU Kunststofftechnik GmbH, Tensar Corporation, Thrace Group, Officine Maccaferri, GSE Environmental, HUESKER Synthetic GmbH, Koninklijke Ten Cate B.V., Solmax International, Garware-Wall Ropes, Advanced Drainage Systems, Cooley Group, Geofabrics Australasia, NAUE GmbH & Co, Propex Operating Company, and Taian Modern Plastic Co.

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This release was published on openPR.