Geosynthetics Market

Geosynthetics Market: Geotextiles Product Type Segment to Lead in Terms of Market Share
Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 And Opportunity
Assessment 2017 - 2027
Future Market Insights has conducted a comprehensive study of the global geosynthetics market in
its recent report ‘Geosynthetics Market: Global Industry Analysis 2012-2016 and Opportunity
Assessment 2017-2027’. The geosynthetics market is expected to grow at an exponential CAGR of
10.1% for the forecast period and be worth more than US$ 22 billion by end 2027.
Material Type – Polypropylene Used in Textile Industry and in Consumer Products
Polypropylene based geosynthetics are anticipated to have a market share of more than 50% of the
geosynthetics market at the end of the forecast period. Polypropylene is useful in manufacturing
packaging materials, consumer products, fabrics, and plastic parts and is also used in geotextiles
and related composites. Polyethylene is primarily used to produce geomembranes giving it added
flexibility and waterproofing. The polyethylene segment accounts for the second largest share in the
geosynthetics market.
Product Type – Low Cost of Geotextiles Makes It Desired in Geosynthethics Market : The
geotextile segment is the largest in the geosynthetics market in terms of volume sales and is poised
to push past 6.6 billion square metres by end 2027. Geotextiles are more cost-effective than other
products available in the geosynthetics market and this explains their comparatively lower value
share.
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Primary Application – Reinforcement Binding Factor in Geosynthetics Market : The reinforcement
segment in the geosynthetics market is projected to gain a massive 390 BPS from 2012 to 2027,
making it imperative for key stakeholders to be present in this segment. Along with reinforcement,
separation and containment segments hold great scope in the geosynthetics market. Containment
materials are required in canals, erosion control, dams, etc. and have an incremental dollar
opportunity of more than US$ 2 billion over the course of the study period.
End Use – Water Containment Critical to Prevent Impending Water Scarcity : Large scale
infrastructure projects planned across developed and emerging economies should directly benefit
the geosynthetics market. China, India, and the US in particular have the maximum ongoing
infrastructural improvement activities in place and companies are advised to focus on these huge
and dynamic nations. An exploding population has led to high water consumption and a looming
water crisis of the future. Thus, governments are rushing to conserve their limited water resources
for both present and future generations. Governments, NGO’s, and private companies are actively
involved in water containment projects for industrial and irrigation applications. Geocomposites are
the preferred option for waterproofing or water containment as they form a layer that avoids water
absorption.
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Region – Modernisation and Urbanisation in APEJ Outpaces all Other Regions : The APEJ region is
riding high on the strong economic growth in China, India, and a number of ASEAN nations and
the region is on track to witness an exponential CAGR of 12.8% from 2017 to 2027. The rapid
modernization in these countries and the shift of millions of people from rural to urban areas is
creating limitless opportunities for all companies in the geosynthetics market. The region has the
added advantage of surplus labour allowing manufacturers to offer their products at a relatively
lower cost, thus boosting adoption in the APEJ geosynthetics market.
Competition Dashboard in the Geosynthetics Market : The companies profiled in the geosynthetics
market report are Low & Bonar PLC, Raven Industries, AGRU Kunststofftechnik GmbH, Tensar
Corporation, Thrace Group, Officine Maccaferri, GSE Environmental, HUESKER Synthetic
GmbH, Koninklijke Ten Cate B.V., Solmax International, Garware-Wall Ropes, Advanced Drainage
Systems, Cooley Group, Geofabrics Australasia, NAUE GmbH & Co, Propex Operating Company,
and Taian Modern Plastic Co.
Insights on the Geosynthetics Market : Companies could try to establish their manufacturing units
in high-demand zones to provide geosynthetic products at a lower cost by reducing transportation
and distribution expenses. In addition to this, innovation may create new products that could serve
multiple industries and use-cases at lower prices and this might even turn into a USP for
differentiation in the geosynthetics market.