Global Market Insights, Inc. presents most up-to-date research report on “Geosynthetics Market with recent research (2016-2017) and the current scenario (2018) along with future market potential (2019-2024), Size, Share, Geotextile {By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir]}, Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, South Africa, UAE, Saudi Arabia)”.
The report predicts geosynthetics market size is set to surpass USD 12 billion by 2024. Rapid urbanization in China, India and Brazil along with favorable government initiatives to improve infrastructure will favor housing, transport, construction and energy industries, thereby driving geosynthetics market size. Increasing environmental concerns along with shift in consumer trends towards green buildings and material should positively influence industry growth.
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This global geosynthetics market is segmented on the basis of type of geosynthetics: Geotextiles, Geomembranes, Geogrids, Geonets and others.
Geotextile market from pavement repair applications may witness over USD 700 million by the end of forecast period. It possesses tensile strength, permeability, porosity and abrasion resistance, thus preventing crack formation and restricting water percolation in pavements and roads. Rising demand for geotextiles as physical barrier between the weak and aggregate subgrade soil and reduction of repair and construction cost and time should propel geosynthetics market growth.
Geogrid market from road construction applications may register significant gains at over 4.5%. It is used in road construction of various highways and rail roads which facilitate the overall construction and improve unpaved low-volume roads performance on weak subgrades. Companies are extending supply and design of embankments, reinforced soil bridge abutments, and retaining walls which may further stimulate geosynthetics market demand.
Uniaxial geogrids market size is likely to register significant gains at over 4.5% at the end of forecast timeframe. These products are mainly used as reinforcements on weak part of subgrade soils for erosion control and soil stabilization, resulting into longer lifespan of roads.
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HDPE based geonets market size is likely to witness steady growth close to 5% over the forecast period. Increasing demand of geonets in soil reinforcement application owing to porosity, permeability and tensile strength should favor industry growth.
North America led by Canada and the U.S. geosynthetics market demand is expected to be over USD 4.5 billion by 2024. AASHTO has considered various standard specification for geotextiles and registered installation norms for application in separation, erosion control, pavement, and drainage.
UK geosynthetics demand should expect consumption at over 385 million square meters by 2024. Strict regulation pertaining to solid waste management should enhance product demand. Regulatory bodies are promoting geomembrane application in municipal solid waste management systems. These products also prevent leakage and facilitate flow through designed drainage system. Proper drainage system will eliminate negative waste impact on surface & underground water bodies, thus propelling regional industry growth.
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Japan geocells market size is likely to exceed USD 30 million by the end of projected period. Increasing environmental concerns with rise in consumer awareness for consumption of biodegradable material should drive regional industry growth. Growth in soil erosion control program along with superior properties of the product to allow water passage and retain soil granules should enhance product demand, thereby driving regional geosynthetics market growth.
Browse Related Report:
Geotextile Market Size By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir]), By Product (Non-Woven, Woven, Knitted), By Application (Road Construction, Erosion Control, Pavement Repair, Drainage, Railroad, Agriculture), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, South Africa, UAE, Saudi Arabia), Price Trend, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/geotextile-market
Europe Geogrids Market Size By Material (HDPE, Polyester, PP), By Product (Uniaxial, Biaxial, Multi-Axial), By Application (Road Construction, Railroad, Soil Enforcement), Industry Analysis Report, Country Outlook (Germany, UK, France, Italy, Spain, Russia, Poland, Denmark, Norway, Sweden, Finland, Switzerland, Belgium, Austria, Netherlands), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/europe-geogrids-market
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