The geosynthetics market, a vital segment of the construction and civil engineering industry, is experiencing notable growth and innovation. Geosynthetics encompass a range of synthetic materials, including geotextiles, geomembranes, and geogrids, designed to enhance the performance and longevity of civil engineering and environmental projects. These materials serve various purposes, from soil stabilization and erosion control to environmental protection and infrastructure development. With the increasing focus on sustainable construction and infrastructure practices, the geosynthetics market is witnessing growing demand. As a result, it is anticipated that the market will continue to expand, driven by the need for efficient and environmentally friendly solutions in construction, agriculture, transportation, and other sectors. The geosynthetics market is poised for a promising future marked by ongoing technological advancements and the ever-growing significance of sustainable engineering practices.
Geosynthetics Market accounted for US$ 9.35 billion in 2020 and is estimated to be US$ 16.89 billion by 2030 and is anticipated to register a CAGR of 6.1%.
Click Here to Download Free Sample Copy:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3551
Analyst View:
The Increasing population is contributing to a higher level of solid and liquid wastes across the globe. Increasing environmental awareness is leading to a rise in demand for the appropriate water and waste management project. Geosynthetics are used in multiple water management activities due to the increasing public concerns in a serious and widespread water system, their liner system is also used in water treatment lagoons at wastewater plants to protect water resources including rivers, aquifers, ponds, lakes, and reservoirs which will help to increase demand for geosynthetics during the forecast period.
Company Profile:
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global geosynthetics market.
- FiberWeb PLC
- GEO Synthetics LLC
- Low & Bonar PLC
- TenCate Geosynthetics
- Agru America
- Polymer Group, Inc.
- ACE Geosynthetics
- ACH Foam Technologies
- Asahi Geotechnologies Co. Ltd.
- Belton Industries Inc.
- Carthage Mills
Get the PDF Sample Copy of this report:
https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/3551
Key Market Insights from the report:
- By Product Type- Global Geosynthetics Market is segmented into Geocells, Geo-Composites, Geofoam, Geogrids, Membranes, Geotextiles, Geo-Synthetic Liners, Geonets, Geopipes, and Geocombs.
- By Application- Global Geosynthetics Market is segmented into Construction, Soil Separation, Filtration, Erosion Control, Mining, Soil Reinforcement, Water Management, Waste Management, Transport, and Agriculture.
- By Material- Global Geosynthetics Market is segmented into Polyester, Polyethylene, Polypropylene, and Polyvinyl Chloride (PVC).
- By Region- Global Geosynthetics Market is segmented into (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
COVID-19 impact on the geosynthetics market:
- Supply Chain Disruptions: The pandemic disrupted supply chains worldwide, affecting the availability of raw materials and the production of geosynthetic products. This led to delays in project timelines and increased costs for some manufacturers.
- Construction Slowdown: Many construction projects were delayed or canceled during the pandemic, particularly in the early stages when lockdowns and restrictions were widespread. This impacted the demand for geosynthetic materials used in various construction applications.
- Shift in End-User Applications: With some construction projects on hold, there was a shift in the use of geosynthetics. For example, the demand for geosynthetic materials in healthcare infrastructure, including temporary hospitals and isolation facilities, saw an uptick.
Related report link:
About Prophecy Market Insights:
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
To know more
Contact Us:
Sales
Prophecy Market Insights
📞 US toll free: +1 860 531 2574
📞 Rest of world: + 91 7775049802
✉ Email– sales@prophecymarketinsights.com
🌐 Website- www.prophecymarketinsights.com
Follow us on: