Title: Geosynthetics Market growth outlook with industry review and forecasts 2017-2024
1Geosynthetics Market growth outlook with industry
review and forecasts 2017-2024
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2Global Market Scenario of Geosynthetics Industry
- Geosynthetics Market size is set to surpass USD
12 billion by 2024 according to a new research
report by Global Market Insights, Inc. - Rapid urbanization in China, India and Brazil
along with favorable government initiatives to
improve infrastructure will favor housing,
transport, construction and energy industries,
thereby driving geosynthetics market size.
Increasing environmental concerns along with
shift in consumer trends towards green buildings
and material should positively influence industry
growth. - Strict environment norms implemented by EPA and
REACH for construction industries coupled with
increase in infrastructure spending in
residential sector owing to massive movement of
migrants to western countries and rising living
standards of consumers should propel industry
growth. Growth in geotextile market size is
expected in construction application due to
superior characteristics such as tensile
strength, porosity, flexibility, permeability and
compatibility should boost geosynthetics demand.
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3Continue-
- U.S. geosynthetics market size is poised to
exceed USD 3 billion by 2024. American
Association of State Highway and Transportation
Officials (AASHTO) had designed standard
specifications for geosynthetics including
geotextiles and enrolled installation rules for
application in drainage, separation, slit
fencing, pavement and erosion control program.
These products possess high mechanical strength
and hydraulic property, which in turn prevent
cracking, subgrade mixing and increases road life
time. - Geotextile market size from pavement repair
applications should exceed USD 480 million by
2024. It possesses high tensile strength,
permeability, abrasion resistance and porosity,
thus restricting water percolation and preventing
crack formation in pavements and roads.
Increasing demand for geotextiles as physical in
barrier between the aggregate and weak part of
subgrade soil and reduction of repair
construction cost and time should favor
geosynthetics market growth. - Polyester, polypropylene, polyethylene, EPDM and
PVC are the major raw materials used in the
production process of geosynthetics. Fluctuating
raw material costs owing to widespread usage in
construction, and automotive industries may
impact industry profitability affect
geosynthetics market supply demand gap.
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5360 Industry Analysis
- UK geosynthetics demand should expect consumption
at over 385 million square meters by 2024. Strict
regulation pertaining to solid waste management
should enhance product demand. Regulatory bodies
are promoting geomembrane application in
municipal solid waste management systems. These
products also prevent leakage and facilitate flow
through designed drainage system. Proper drainage
system will eliminate negative waste impact on
surface underground water bodies, thus
propelling regional industry growth. - HDPE based geonets market size is likely to
witness steady growth close to 5 over the
forecast period. Increasing demand of geonets in
soil reinforcement application owing to porosity,
permeability and tensile strength should favor
industry growth.
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6- Regional Analysis
- Japan geocells market size is likely to exceed
USD 30 million by the end of projected period.
Increasing environmental concerns with rise in
consumer awareness for consumption of
biodegradable material should drive regional
industry growth. Growth in soil erosion control
program along with superior properties of the
product to allow water passage and retain soil
granules should enhance product demand, thereby
driving regional geosynthetics market growth. - Competitive Analysis
- TENAX, Royal TenCate, Tensar International,
Fibertex, TYPAR and Huesker are the prominent
industry participants in geosynethtics market.
Strong RD spending by manufacturers in order to
comply with various environmental regulations may
improve and expand product portfolio thereby
stimulating industry growth.
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7Latest Research Report On Geosynthetics
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