Geosynthetics Market Industry Analysis and Opportunity and Forecast to 2030
The geosynthetics market is expected to
gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that
the market is growing with a CAGR of 5.9% in the forecast period of 2023 to
2030 and is expected to reach USD 28,210,971.88 thousand by 2030. The major
factor driving the growth of the geosynthetics market is the expansion of the
construction industry on a level. The geosynthetics market report provides details
of market share, new developments, and the impact of domestic and localized
market players, analysis opportunities in terms of emerging revenue pockets,
changes in market regulations, products approvals, strategic decisions, product
launches, geographic expansions, and technological innovations in the market.
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Market
Analysis and Insights
Geosynthetics refer to polymers that are employed in
civil engineering, construction, and related applications. These are generally
used to stabilize the terrains and exhibit high durability that complements the
other building materials. The different types of geosynthetics involve
geotextile, geomembrane, geo-composite, and geosynthetic liner among others.
Apart from civil engineering and construction, these are also used in
transportation and hydraulic applications. They are typically made from
synthetic materials such as PVC, polyethylene, or polypropylene, which when
properly embedded, can help contribute to soil stabilization and prevent
erosion.
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Geosynthetics Market
Scope
The geosynthetics market is segmented into one
notable segment based on product. The growth amongst these segments will help
you analyze major growth segments in the industries and provide the users with
a valuable market overview and market insights to make strategic decisions to
identify core market applications.
Product
- Geotextiles
- Geomembranes
- Geogrids
- Geocells
- Geonets
- Others
Based on product, the market is segmented into
geotextiles, geomembranes, geogrids, geocells, geonets, and others.
Competitive Landscape and Geosynthetics Market
Share Analysis
The geosynthetics market competitive landscape
provides details of competitors. Details included are company overview, company
financials, revenue generated, market potential, investment in R&D, new
market initiatives, production sites and facilities, company strengths and
weaknesses, product launch, product approvals, patents, product width and
breadth, application dominance, and product lifeline curve. The above data
points provided are only related to the companies’ focus related to the market.
Some of the prominent participants operating in the geosynthetics market are Tensar, A Division of
CMC, Leggett & Platt, Incorporated, Berry , Inc., Carthage Mills, Inc.,
TENAX, Synthetics, HUESKER, AGRU, SKAPS
Industries, Glen Raven, Inc., SOLMAX, Schouw & Co., Naue Gmbh & Co.KG,
Officine Maccaferri Spa, Swicofil AG, PRS Geo-Technologies., and Freudenberg among
others.
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