Geosynthetics Market – Global Industry Analysis and Forecast 2014 – 2020
New York, NY, Feb. 27, 2015—Geosynthetics is a type of polymeric material predominantly used in engineering applications such as civil construction and environmental protection projects. Rising land scarcity, increasing awareness about seismic hazards, and stringent environmental regulations are the catalyzing factors behind the growth of geosynthetics. Some of the major polymeric materials used in the production of geosynthetics are polyethylene, polypropylene, and polyester. In general, geosynthetics materials are produced from petrochemical-based plastics which remain unaffected by fungi or bacteria and cannot be decomposed. These materials are typically found in the soil and help reinforce soil, distribute loads, prevent soil erosion, and control water pressure.
Based on type, geosynthetics are classified into geogrids, geotextiles, geomembrane, geofoams, geonets, geopipes, and geosynthetic clay liners. Among these, geotextiles and geomembrane have the major market share. On the basis of application, the geosynthetics market is further categorized as road industry, water management, railroad stabilization, waste management, soil enforcement, mining, and erosion control. Some of the basic applications of geosynthetics are in drainage, separation, filtration, reinforcement, erection of barriers, and protection. Although there are several forms of geosynthetics present in the market, each possess at least one or more of these applications.
Large scale capital projects undertaken by government bodies in order to upgrade public facilities is the key factor impelling the growth of the geosynthetics market. Application of geosynthetics in transports sector has increased significantly as it provides stability and strength to the underlying soil in roadway and railway tracks. Also, growing industrial usage of geosynthetics and their easy-to-install feature are accelerating the growth of the market. Moreover, the advancement of wind energy projects further drive the demand for these materials. However, reduction in government funding is posing a threat for this market. Moreover, lack of awareness about the benefits of using geosynthetic materials is hindering the growth of the market to some extent.
Rise in demand for geosynthetics from the transport industry and containment sectors such as water management and waste management is likely to boost the growth of the geosynthetics in the near future.
Initially, the global Geosynthetics market was dominated by North America, with the U.S. having the largest market share. However, in 2012, Asia-Pacific became the largest market for geosynthetics. China and India are the fastest markets in the region. These countries are witnessing strong investment in large-scale infrastructure projects. Growing need for erosion control is in these countries is anticipated to surge the growth of the geosynthetics market. The Rest of the World is also showing considerable growth due to growing economies in Russia and Brazil.
Some of the major companies present in the geosynthetics market are ACH Foam Technologies, LLC, ACE Geosynthetics, AGRU America, Inc., Asahi Geotechnologies Co., Ltd, Belton Industries, Inc, Carthage Mills, Inc., Contech Engineered Solutions LLC, Hanes GEO Components, Huesker Synthetic GmbH, Low & Bonar, plc, NAUE GmbH & Co. KG., Officine Maccaferri Spa, Propex Operating Company, LLC., Koninklijke Ten Cate Nv, Strata Systems Inc., Tenax Group, and Tensar International Corporation.
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