Global Geosynthetics (Geotextiles, Geomembranes, Geogrids, Geofoams, Geonets and Other) Market Applications, Trends & Forecasts 2014-2019
DUBLIN — Research and Markets has announced the addition of the “Geosynthetics Market by Type & Applications, and by Region – Trends & Forecasts to 2019”report to their offering.
Geosynthetics are widely used in civil engineering, construction industries, environmental applications, and coastal engineering. It has applications in the road industry, railroad stabilization, water management, waste management, mining, soil reinforcement, and erosion control.
The market for geosynthetics is projected to reach $15,403.7 million by 2019, growing with a CAGR of 10.99% between 2014 and 2019. North America dominated the geosynthetics market in 2013. Asia-Pacific is projected to gain the major market size by value by 2019.
North America dominated global geosynthetics market in 2013, in terms of value. The global demand for these materials is increasing on the back of growing investment by the developed and developing economies in their civic facilities. In addition, geosynthetics applications in the mining, and oil & gas industry are increasing, which will further boost consumption of these products.
The geosynthetics consumption growth rate in developed regions was affected in the last few years due to global economic slowdown. However, during the same period, their consumption in the developing region remained strong. Thus, overall consumption of geosynthetic products on global level remained healthy.
Though global geosynthetics market is highly fragmented, major players are located in the developed countries. Demand from the emerging markets is likely to remain robust in the coming five years, due to rising awareness about the benefits of geosynthetics. Major players have prominent presence in the developing countries.
This report analyzes the global geosynthetic market along with detailed segmentation on the basis of its major types, along with its forecast till 2019. This report discusses in detail, major supply and demand factors affecting this market on the global, regional, and country level.
The dominant producers in geosynthetics market are FiberWeb PLC (U.K.), Low & Bonar PLC (U.K.), Propex Global (U.S.), GSE Environmental (U.S.), and Agru America (U.S.).