Global Geosynthetics Market to Reach US$ 17.0 Billion by 2028, Propelled by Increasing Product Utilization In the Construction Sector

According to the latest report by IMARC Group, titled "­­Geosynthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global geosynthetics market size reached US$ 12.1 Billion in 2022. Geosynthetics refers to synthetic products used to improve soil conditions. They are commonly composed of natural or polymeric materials, such as geotextiles, geogrids, geonets, geocells, geomembranes, and geocomposites, that are used with soil, rock, or any other related building materials. They are planar products made of petrochemical-based polymers, including polyester, polypropylene (PP), polyvinyl chloride (PVC), polystyrene, and polyethylene (PE). These substances are biologically inert and will not decompose from fungal or bacterial action. Geosynthetics are highly cost-effective, durable, versatile, and capable of enhancing the mechanical and physical properties of the soil, allowing it to withstand harsh climatic conditions. Therefore, they are widely employed as an alternative to other stabilization methods, such as excavation, dewatering, and replacement via chemical stabilization, to stabilize terrain and resolve various civil engineering issues, including drainage, filtration, reinforcement, separation, containment, barrier, and erosion control. Currently, geosynthetics are extensively used across various geotechnical and civil engineering applications, such as coastal engineering, canals, dams, reservoirs, embankments, retaining structures, railroads, airfields, and roads. 

Global Geosynthetics Market Trends:

The expanding construction sector and rising instructional activities are primarily driving the global geosynthetics market growth. It is extensively employed across civil engineering applications, such as railroads, roads, harbors, and drainage structures, as they add rigidity and strengthens the asphalt, lowering the risk of erosion and extending its lifespan. Moreover, geosynthetics are widely utilized in filtering systems since they generate polyethylene threads, which improve the filtering effectiveness and inhibit the release of dangerous particles into the atmosphere, water bodies, and soil, thus aiding in market expansion. In line with this, the rising awareness about environmental issues is prompting the need for dynamic initiatives that properly handle water and waste. This, in turn, is fuelling the demand for geomembranes and geosynthetic clay liners (GCLs) for managing food waste, e-waste, and medical waste, which is acting as another growth-inducing factor. In addition to this, escalating concerns about water contamination is propelling the adoption of geosynthetics in various flood mitigation operations and sewage treatment plants to protect water supplies, such as rivers, lakes, ponds, aquifers, and reservoirs. Furthermore, the increasing adoption of geomembranes as lining solutions in evaporation ponds, tailings management, and heap leaching across the mining industry is strengthening the market growth. Other factors, such as industrialization, rapid urbanization, rising population, and the easy availability of application-specific sizes and grades of geotextiles, are creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 17.0 Billion by 2028, expanding at a CAGR of 5.85% during 2023-2028. 

Market Summary:

• On the basis of the product, the market is segregated into geotextiles, geomembranes, geogrids, geonets, geosynthetic clay liner (GCL), prefabricated vertical drains (PVD), and others.
• Based on the type, the market is categorized into woven, non-woven, knitted, and others.
• On the basis of the material, the market has been divided into polypropylene, polyester, polyethylene, polyvinyl chloride, synthetic rubber, and others.
• Based on the application, the market has been classified into road construction and pavement repair, railroads, drainage systems, soil reinforcement and erosion, water and waste management, and others.
• On a regional basis, the market has been segmented into Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America.
• The competitive landscape of the market has also been examined, with some of the key players being Fiberweb, GEO Synthetics LLC, Agru America Inc., Asahi Kasei Advance Corporation, Belton Industries, Polymer Group, HUESKER inc, Carthage Mills, Thrace Group, Hanes Geo Components, Tenax Group, GSE Environmental, Swicofil AG, Owens Corning, Low & Bonar, etc.

Report Scope:

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