Market Size of Geosynthetics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Geosynthetics Market Analysis
The geosynthetics market is expected to grow at a CAGR of over 9% during the forecast period. Geosynthetics are engineering materials, which are designed to improve the mechanical and physical properties of soil. Geosynthetics are light, flexible, possess high tensile strength, and are extendable on the application of loads.
- One of the major factors driving the growth of the market is the increasing demand from the infrastructure sector in Asia-Pacific, mainly in China, India, and ASEAN countries.
- The market has an opportunity in the usage of green roof and green wall in the construction industry to control soil erosion and for the better drainage system to the remove excess rain water from the roof top.
Geosynthetics Industry Segmentation
The global geosynthetics market includes:
| Material | |
| Polypropylene, Polyethylene, and Polyester | |
| Other Materials |
| Type | |
| Geotextile | |
| Geomembrane | |
| Geocomposite | |
| Geosynthetic Liner and Other Typess |
| Function | |
| Separation | |
| Drainage | |
| Filtration | |
| Reinforcement | |
| Moisture Barrier |
| Application | |
| Construction | |
| Transportation | |
| Environmental | |
| Other Applications |
| Geography | ||||||||
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Geosynthetics Market Size Summary
The geosynthetics market is poised for significant growth, driven by its application in enhancing the mechanical and physical properties of soil. These materials, known for their lightness, flexibility, and high tensile strength, are increasingly in demand, particularly in the infrastructure sector across the Asia-Pacific region, including countries like China, India, and ASEAN nations. The market is also exploring opportunities in sustainable construction practices, such as green roofs and walls, which aid in soil erosion control and improved drainage systems. Geo-membranes, a key component of the geosynthetics market, are extensively used in landfill, canal, and tunnel lining applications, serving as effective barriers in various containment facilities. Their adoption is rising in wastewater management and mining industries due to their favorable properties, including low permeability and high chemical resistivity.
In India, the geosynthetics market is expected to grow, supported by government initiatives to boost infrastructure development and attract foreign direct investments. Despite challenges such as economic slowdown and the impact of COVID-19, the Indian government's focus on expanding infrastructure through significant budget allocations and projects under the National Infrastructure Pipeline is likely to drive demand for geosynthetics. The market is characterized by a high degree of fragmentation, with numerous global and regional players like Koninklijke Ten Cate bv, Low & Bonar PLC, and GSE Environmental actively participating. These developments indicate a promising outlook for the geosynthetics market, with increasing applications across various sectors, including construction, transportation, and environmental management.
Geosynthetics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from Infrastructure in Asia-Pacific
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1.1.2 Growing Concerns Regarding Environmental Protection
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1.1.3 Increasing Usage in Mining Activity
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Polypropylene, Polyethylene, and Polyester
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2.1.2 Other Materials
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2.2 Type
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2.2.1 Geotextile
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2.2.2 Geomembrane
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2.2.3 Geocomposite
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2.2.4 Geosynthetic Liner and Other Typess
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2.3 Function
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2.3.1 Separation
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2.3.2 Drainage
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2.3.3 Filtration
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2.3.4 Reinforcement
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2.3.5 Moisture Barrier
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2.4 Application
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2.4.1 Construction
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2.4.2 Transportation
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2.4.3 Environmental
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2.4.4 Other Applications
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2.5 Geography
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2.5.1 Asia-Pacific
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2.5.1.1 China
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2.5.1.2 India
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2.5.1.3 Japan
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2.5.1.4 South Korea
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2.5.1.5 ASEAN Countries
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2.5.1.6 Rest of Asia-Pacific
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2.5.2 North America
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2.5.2.1 United States
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2.5.2.2 Canada
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2.5.2.3 Mexico
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2.5.3 Europe
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2.5.3.1 Germany
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2.5.3.2 United Kingdom
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2.5.3.3 France
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2.5.3.4 Italy
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2.5.3.5 Russia
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2.5.3.6 Rest of Europe
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2.5.4 Rest of the World
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2.5.4.1 South America
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2.5.4.2 Middle-East and Africa (MEA)
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Geosynthetics Market Size FAQs
What is the current Geosynthetics Market size?
The Geosynthetics Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Geosynthetics Market?
Koninklijke Ten Cate bv, Low & Bonar PLC, Propex Operating Company LLC, GSE Environmental and HUESKER are the major companies operating in the Geosynthetics Market.
