Large Scale Government Funded Capital Projects Drive Demand for Geosynthetics, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 10, 2015 -- Follow us on LinkedIn -Geosynthetics are increasingly gaining prominence in the economic and environmental development of a country. Across various end-use sectors, geosynthetic products are being widely accepted as durable, eco-friendly and cost-effective engineering solutions to enhance efficiency of a structure and reduce its environmental impact, maintenance and repair costs. The market growth is largely driven by large scale government funded capital projects to enhance civic amenities. Buoyed by the robust infrastructure development projects in developing countries and growing use of geosynthetics in the construction industry, the market is poised to register strong growth over the coming years. Additionally, the growing magnitude of waste management applications, rise in spending on construction activities, and stringent building codes and environmental regulations are expected to spur demand for geosynthetics worldwide.
Geotextiles, the permeable materials that are commonly used to reduce or prevent soil erosion, constitutes the largest market segment in the global geosynthetics market. The geotextiles market has been witnessing significant growth owing to the growing importance of geotextiles in infrastructure developments worldwide. The market growth is also contributed by the increasing use of automotive textiles, protective textiles, defense textiles and structural canopies. In addition, geotextiles are poised to penetrate the healthcare and medical industries. Road transportation infrastructure represents the largest end-use application area for geotextiles. Coir geotextiles have been gaining in prominence over the last few years. Geogrids, on the other hand, are witnessing increasing use in road and railway projects worldwide. The practice of employing geogrids in railway and road projects has become commonplace over the past few years, for solving design and construction problems. The growth in the global geosynthetics market is expected to be spearheaded by geomembranes.
As stated by the new market research report on Geosynthetics, Asia-pacific represents the largest market worldwide with volume sales projected to grow at a compounded annual rate of 16.2% over the analysis period. Growth in the region comes from government regulations mandating the use of geosynthetics in all infrastructure development projects. The construction industry represents the largest end-use market for geosynthetics with growth led by the legislation of new environmental regulations such as sedimentary runoff restrictions at construction sites and various other measures including soil protection and erosion control in several Asian countries. The transportation end-use sector is also poised to grow, driven by growing acceptance of geosynthetic products in enhancing durability of roads, and in facilitating construction of erosion-preventing structures.
Major players covered in the report include Agru America Inc., CETCO, Fibertex Nonwovens A/S, GSE Environmental Inc., Hanes Geo Components, Low & Bonar PLC, Bonar Technical Fabrics, Mattex Geosynthetics, NAUE GmbH & Co. KG, Officine Maccaferri Spa, Polymer Group Inc., Propex Operating Company LLC, Raven Industries Inc., Reliance Industries Limited, Royal TenCate NV, Tenax Corporation, Tensar International Corporation, Inc. and Thrace-LINQ Inc., among others.
The research report titled "Geosynthetics: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India and Rest of Asia-Pacific), Latin America and Rest of World. Product markets analyzed include Geomembranes, Geotextiles and Others.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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