Geosynthetic Trends and Forecast
The future of the global geosynthetic market looks promising with opportunities in the waste & water management, transportation infrastructure, and civil construction markets. The global geosynthetic market is expected to reach an estimated $19.5 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising governmental initiatives for infrastructure development and escalating demand for waste management solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Geosynthetic by Segment
The study includes a forecast for the global geosynthetic by type, material, application, end use, and region.
Geosynthetic Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Geotextiles
• Geomembranes
• Geogrids
• Geofoam
• Geonets
• Others
Geosynthetic Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Polyethylene
• Polypropylene
• Polyester
• Natural Fibers
• Others
Geosynthetic Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Separation
• Drainage & Filtration
• Reinforcement
• Containment
• Others
Geosynthetic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Waste & Water Management
• Transportation Infrastructure
• Civil Construction
• Others
Geosynthetic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Geosynthetic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies geosynthetic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the geosynthetic companies profiled in this report include-
• NAUE
• Thrace Group
• Tensar
• GSE Environmental
• Geofabrics Australasia
• Advanced Drainage Systems
• Taian Modern Plastic
• Berry Global
• Officine Maccaferri
• Agru America
Geosynthetic Market Insights
Lucintel forecasts that geotextile will remain the largest segment over the forecast period due to their beneficial qualities, which include superior load-bearing capacity, high tensile strength, and permeability.
Within this market, waste & water management will remain the largest segment due to extensive adoption of geosynthetic in this application for carrying out different tasks like drainage, filtration, separation, barrier, and reinforcement.
APAC is expected to witness highest growth over the forecast period due to growing demand for solid waste management systems and increasing investments in public infrastructure development in the region.
Features of the Global Geosynthetic Market
Market Size Estimates: Geosynthetic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Geosynthetic market size by various segments, such as by type, material, application, end use, and region in terms of value ($B).
Regional Analysis: Geosynthetic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, materials, applications, end uses, and regions for the geosynthetic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the geosynthetic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the geosynthetic market size?
Answer: The global geosynthetic market is expected to reach an estimated $19.5 billion by 2030.
Q2. What is the growth forecast for geosynthetic market?
Answer: The global geosynthetic market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the geosynthetic market?
Answer: The major drivers for this market are rising governmental initiatives for infrastructure development and escalating demand for waste management solutions.
Q4. What are the major segments for geosynthetic market?
Answer: The future of the geosynthetic market looks promising with opportunities in the waste & water management, transportation infrastructure, and civil construction markets.
Q5. Who are the key geosynthetic market companies?
Answer: Some of the key geosynthetic companies are as follows:
• NAUE
• Thrace Group
• Tensar
• GSE Environmental
• Geofabrics Australasia
• Advanced Drainage Systems
• Taian Modern Plastic
• Berry Global
• Officine Maccaferri
• Agru America
Q6. Which geosynthetic market segment will be the largest in future?
Answer: Lucintel forecasts that geotextile will remain the largest segment over the forecast period due to their beneficial qualities, which include superior load-bearing capacity, high tensile strength, and permeability.
Q7. In geosynthetic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for solid waste management systems and increasing investments in public infrastructure development in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the geosynthetic market by type (geotextiles, geomembranes, geogrids, geofoam, geonets, and others), material (polyethylene, polypropylene, polyester, natural fibers, and others), application (separation, drainage & filtration, reinforcement, containment, and others), end use (waste & water management, transportation infrastructure, civil construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Geosynthetic Market, Geosynthetic Market Size, Geosynthetic Market Growth, Geosynthetic Market Analysis, Geosynthetic Market Report, Geosynthetic Market Share, Geosynthetic Market Trends, Geosynthetic Market Forecast, Geosynthetic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.