Geosynthetics Market growth outlook with industry review and forecasts 2017-2024

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Geosynthetics Market growth outlook with industry
review and forecasts 2017-2024
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Global 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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• 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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360 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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• 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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