The U.S. and China are the largest consumers of geogrids market in their respective regions and are expected to compete with each other to dominate the market by 2020.
(PRWEB) July 22, 2015
The global market size for geogrid materials in terms of value is projected to surpass $1.5 Billion by 2020, at a CAGR of around 13.0% from 2015 to 2020. Geogrid a planar, polymeric structure consisting of a regular open network of integrally connected tensile elements, which may be linked by extrusion, bonding or interlacing, whose openings are larger than the constituents are. Geogrids are used primarily for reinforcement applications such as in road, and railway industry. They are generally used in retaining walls as well as in bases, and sub-soils under any structure or roads for strengthening purposes. If compared with soil, geogrids have a higher tension bearing property which allows them to transfer load to a large area of soil. Geogrids are designed to solve some toughest construction challenges, stabilization of soft soils, reinforcement of steepened slopes increasing right of way without taking more land, and walls to construct temporary structures to facilitate the construction process. Browse 68 market data tables & 49 figures spread through 130 pages and in-depth TOC on "Geogrids Market by Application (Road Industry, Railroad Stabilization, Soil Reinforcement, and Others) , by Region (Asia-Pacific, North America, Europe, Rest of the World) - Global Trends and Forecasts to 2020" research report at http://www.rnrmarketresearch.com/geogrids-market-by-application-road-industry-railroad-stabilization-soil-reinforcement-and-others-by-region-asia-pacific-north-america-europe-rest-of-the-world-global-trends-and-forecasts-to-2020-market-report.html .
Asia-Pacific region dominated the global geogrids market size in terms of value in 2014 with around 35% share in the global market. Asia-Pacific is projected to have the highest market size in terms of value as well as volume by 2020, followed by the North America region. Asia-Pacific is also projected to be the fastest growing market, at a CAGR of around 17.0% from 2015 to 2020, owing to rise in consumption in the region, where end-user markets of geogrids is growing steadily, especially in road and rail infrastructural developments.
Key companies profiled in geogrids market report are Royal Tencate NV, ACE Geo synthetics, Anping Bofan Metal Wire Mesh Products Co. Ltd, Officine Maccaferri Spa, Shandong Dageng Group Co. Ltd, Strata Systems, Synteen, Taian Modern Plastic Co. Ltd, TENAX Corporation, Tensar International Corporation, US Fabrics, GSE Environmental, Koninklijke Ten Cate nv, NAUE GmbH & Co. KG, HUESKER Synthetic GmbH, Colbond Inc, and Fritz Landolt AG. Order a copy of ‘Geogrids Market’ report at http://www.rnrmarketresearch.com/contacts/purchase?rname=394045 .
Key Topics Covered in Geogrids Market:
- Market Size Estimation
- Market Share Estimation
- Market Insights
- Market Dynamics
- Value Chain Analysis
- Porter’s Five Forces Analysis
- Regional & Country Level Analysis
- Market Share Analysis
- Competitive Situation and Trends
- Expansions & Investments
- New Product Launch
- Agreements & Partnerships
- Major Companies Profile
This is a premium research report priced at US$ 4650 for single user PDF license. Inquire for Discount on ‘Geogrids Market’ research report at http://www.rnrmarketresearch.com/contacts/discount?rname=394045 .
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