Press Release

Asia Pacific to Dominate Geosynthetics Market During Forecast Period

Increasing construction activities and growing awareness regarding soil erosion to drive the growth of global geosynthetics market during forecast period

According to TechSci Research report, Global Geosynthetics Market By Material, By Type, By Function, By Application, By Region, Competition, Forecast & Opportunities, 2024, the global geosynthetics market is expected to projected to register a formidable CAGR through on the account of rapid development in the construction industry. Moreover, surging demand for durable materials offering high mechanical protection coupled with increasing use of geosynthetics in the infrastructure sector, is expected to positively influence the growth of geosynthetics market across the globe in the coming years. Additionally, the market shows lucrative growth which can be attributed to the opportunity in the usage of green roof and green wall in the construction industry required to control soil erosion and for the better drainage system so that excess rain water can be removed from a roof top.

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Global geosynthetics market can be segmented based on material, type, function, application and region. On the basis of region, Asia-Pacific is estimated to dominate the global geosynthetics market over the forecast period by witnessing a robust CAGR, which can be attributed to the factors such as increasing demand for soil reinforcement in foundation work of residential buildings in the developing countries such as China and India. Moreover, favorable government policies for boosting infrastructural development in India and China is aiding the growth of geosynthetics market in the region. Also, the Middle East & Africa region is projected to record significant growth over the upcoming years. This regional growth is attributable to the surging civil and commercial construction activities, including construction of stadiums as well as hotels, thereby boosting the demand for composite building materials, including geosynthetics.

Acme-Hardesty, Koninklijke Ten Cate bv., Low & Bonar PLC, Propex Operating Company LLC, GSE Environmental, HUESKER Synthetic GmbH, Fibertex Nonwovens A/S, TENAX SPA, Tensar International Corporation, Agru America, Inc. among others are the leading players operating in global geosynthetics market.

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“In terms of application, the global geosynthetics market is fragmented into construction, transportation, environmental and others. Among them, the transportation application is estimated to register the formidable growth during the next 5 years owing to continuous expansion of road and railway networks worldwide. Based on type, geomembrane segment is anticipated to grow at a substantial pace over the years to come due to increasing awareness regarding the application of geomembranes as floating covers for reservoirs to control evaporation. Additionally, the product helps in reducing volatile organic compounds emission, and therefore minimizes the demand for drainage and cleaning, which is expected to supplement the market growth of this segment.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Geosynthetics Market By Material, By Type, By Function, By Application, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global geosynthetics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global geosynthetics market.

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