Global Geosynthetics Market 2015 to Reach $19.5 Billion by 2022 with CAGR of 12%
Deerfield Beach, FL, Oct. 28, 2015—The Global Geo-synthetics market is valued at $7.52 billion in 2014 and projected to grow at a compound annual growth rate (CAGR) of 12% reaching $19.5 billion by 2022. Geo-synthetics are broadly used in coastal engineering, environmental applications, construction industries and civil engineering. The Global Geo-synthetics market is mainly driven by large scale capital projects undertaken by government bodies to improve civic facilities. Asia-Pacific emerged as the largest market of the geo-synthetic materials, mostly driven by lucrative investment in projects including building and maintaining transport infrastructure and waste management.
The global geo-synthetics market is fragmented based on product types, applications and region. Depending on the product type the market is segmented into five types namely Geo-textiles, Geo-membranes, Geo-grids, Geo-foams and Geo-nets. Geo-textiles has major share in the geo-synthetics value market in 2014 and would remain the largest shareholder till 2022 preceded by geo-membranes. Based On application geo-synthetics market is categorized into Road industry, Railroad stabilization, Water management, Waste management, Mining, Soil reinforcement and Erosion control.
Geographically geo-synthetics market is segmented into North America, Europe, Asia Pacific and Rest of the World (Row). North America dominated the geo-synthetics market in 2014. And by 2022 Asia Pacific is expected to gain major size by value.
Major players in the geo-synthetics market include ADS Incorporated, AMCOL International Corporation, Asahi Kasei Corporation, Ashimori Industry Company Limited, Beaulieu International Group NV, Carlisle Companies Incorporated, CONTECH Engineered Solutions LLC, Cooley Group Holdings Incorporated and Dow Chemical Company.
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