Global Geosynthetics Market Size, Share, Gross Margin, Trend, Future Demand and Forecast to 2028
Increasing investments in infrastructure development and waste management in developing countries are key factors driving the growth of the global geosynthetics market
VANCOUVER, BC, CANADA, March 27, 2022 /EINPresswire.com/ — The latest research report from Emergen Research, titled “Global geosynthetics market – Forecast to 2028′, involves a comprehensive review of the present and future trends of the global geosynthetics market. The report gathers viable information about the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimates over the forecast period. The study includes an in-depth analysis of this sphere of activity focusing on overall market compensation over the projected period. The study also includes important information relevant to the Geosynthetics industry, particularly the current COVID-19 scenario.
The geosynthetics market size reached USD 9.44 billion in 2020 and is expected to register a revenue CAGR of 5.8% during the forecast period, according to the latest analysis from Emergen Research. Increasing investments in infrastructure development and waste management in developing countries are major factors driving the revenue growth of the global geosynthetics market. Growing demand for geomembranes for lining and waterproofing is expected to propel the market revenue growth in the future.
Increasing investment in road network development and highway repair is also expected to increase the market revenue growth over the forecast period. Rising investment in construction of railway networks in countries like India and China to expand logistics network is expected to significantly boost the market growth. Geosynthetics are used as lining solutions and sealing systems in rail infrastructure including tunnels, bridges and rail terminals which is expected to drive demand due to expanding networks and also due to the need repairs and maintenance following recent major flooding and structural damage due to climate change and changing weather conditions. Additionally, due to increased government spending on construction, improved infrastructure in developing countries has boosted the demand for geosynthetics in the very recent past.
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Additionally, the report provides a comprehensive overview of the geosynthetics market along with the product portfolio and market performance. The report offers key insights on market share, supply chain analysis, supply and demand ratio, import/export details, and product and consumption patterns. For better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
The global geosynthetics market is broadly segmented on the basis of different product types, range of applications, end-use industries, key regions, and fiercely competitive landscape. This section of the report is intended solely for readers seeking to strategically select the most suitable and lucrative segments of the Geosynthetics industry. Sector analysis also helps companies interested in this sector to make optimal business decisions and achieve the desired goals.
The report offers insightful insights into market dynamics of the Geosynthetics Market. It offers SWOT analysis, PESTEL analysis and Porter’s Five Forces analysis to present a better understanding of the Geosynthetics market, competitive landscape, factors affecting it and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of regulatory framework on the growth of the Geosynthetics market.
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Some major companies in the market report include Berry Global, Inc., Agru America, Inc., Solmax International Inc., Officine Maccaferri SpA, NAUE GmbH & Co. KG, Contech Engineered Solutions LLC, Low & Bonar plc, Propex Operating Company LLC , Tensar International Corporation and the HUESKER Group
Some highlights of the report
Geosynthetics segment revenue is expected to grow at a significantly rapid CAGR during the forecast period. Polymer sheets composed of polyethylene, polyvinyl chloride (PVC) and polypropylene are used to produce geosynthetics. Due to their excellent chemical resistance and longevity, geosynthetics are widely used in landfill applications, which is expected to drive the revenue growth of this segment in the future.
The PVC segment is expected to register a significantly robust revenue growth rate over the forecast period owing to the increasing use of PVC for manufacturing and manufacturing geosynthetics. PVC is a thermoplastic synthetic polymer produced from vinyl chloride used to make the geomembrane.
Asia-Pacific is expected to account for a larger revenue share than other regional markets during the forecast period. The growth of the Asia-Pacific market is expected to be driven by the growing demand for oil reinforcement in the foundation works of residential structures in countries like China and India.
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Emergen Research has segmented the global geosynthetics based on type, material, functions, application, and region:
Type Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
Material Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
Function Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
Application Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
Regional Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
Unveiling of the main growth factors of the global market:
The study offers an in-depth outlook analysis of the product, which outlines the latest production growth trends and profit valuation. It further fragments the global geosynthetics market into a wide range of products.
The study covers essential data related to the application landscape of these products, the demand and market share held by each type of application, along with the analysis of their growth rate over the estimated period.
A detailed description of the distribution channels including distributors, producers, and buyers is one of the major highlights of the market report.
About Emergen Research
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