Geosynthetics Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Geosynthetics Market grew at a CAGR of 6.5% between 2017-2021 and is estimated to be US$ 12,143.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 8.3% and is expected to reach a valuation of US$ 26,954.5Mn by 2032 end.
Urbanization and the rapidly growing population contribute to rising volumes of solid and liquid waste. Growing environmental consciousness drives demand for projects that properly handle waste and water. By lowering or eliminating the post-closure generation of leachate and associated treatment costs, geosynthetics are utilized as landfill tops to stop fluid migration into landfills.
Due to the growing public concern about substantial and pervasive water contamination, geosynthetics are increasingly used in various water management activities. The demand for geosynthetics is anticipated to increase during the forecast period due to the use of geosynthetics liner systems in waste treatment lagoons at wastewater treatment plants to protect water resources, such as lakes, rivers, ponds, aquifers, and reservoirs.
ChemView Consulting has analyzed that the increasing industrialization of the region’s developing economies has created significant opportunities throughout the developing nations of North America. The expansion of the North American geosynthetics market is further supported by rising government spending and international investments related to construction activities.
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Due to growing awareness of the product’s use as floating coverings for reservoirs to control evaporation, limit the emission of volatile organic compounds (VOCs), and reduce the need for drainage and cleaning, geomembranes are predicted to grow at a steady CAGR in terms of revenue from 2023 to 2032.
Segments Covered in Report
By Type:
- Geotextiles
- Geomembranes
- Geogrids
- Geofoam
- Geonets
- Others
By Application:
- Waste Management
- Water Management
- Transportation Infrastructure
- Civil Construction
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Geosynthetics Market
- Based on the type, due to growing awareness of the product’s use as floating coverings for reservoirs to control evaporation, limit the emission of volatile organic compounds (VOCs), and reduce the need for drainage and cleaning, geomembranes are predicted to grow at a steady CAGR in terms of revenue from 2023 to 2032.
- Based on the region, over 52.3% of global revenue was generated in the Asia Pacific region, which led the industry. Over the projected period, the overall regional market is anticipated to be driven by the increased demand for oil reinforcement in the foundation work of residential buildings in the expanding countries of China and India.
Competition Summary
Key companies covered in the market study are AGRU Kunststofftechnik GmbH, Low & Bonar PLC, Tensar Corporation, Raven Industries, Inc., Thrace Group, GSE Environmental Inc., Officine Maccaferri S.p.A., Koninklijke Ten Cate B.V., HUESKER Synthetic GmbH, Solmax International Inc., Geofabrics Australasia Pty. Ltd., Garware-Wall Ropes Ltd., Cooley Group, NAUE GmbH & Co. KG, Advanced Drainage Systems, Inc.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
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