Infrastructure Development Activities in Developing Countries Drive Demand for Geosynthetics, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) July 01, 2013 -- 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. Growing magnitude of waste management applications, rise in spending on construction activities and stringent regulations governing these projects are expected to drive demand for geosynthetics worldwide.
Geotextiles represents the largest market segment in the global geosynthetics market. Road transportation infrastructure is the largest end-use application area for geotextiles. Coir geotextiles have been gaining prominence over the last few years. Geogrids, on the other hand, are witnessing increasing usage in road and railway projects worldwide. The practice of employing geogrids in railway and road projects has become an important feature over the past few years for solving design and construction problems. 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 16.3% over the analysis period. Growth in the region is led by growing number of infrastructure development projects in China and India. China, particularly, is expected to corner a major share of the total market in the coming years. The dominance of China is mainly attributable to the ongoing development of large-scale infrastructure projects and the growing emphasis on erosion and sediment control.
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 countries. Growth is also forecast to come from the transportation infrastructure sector driven by growing acceptance of geosynthetic products in enhancing durability of roads, and facilitating construction of erosion-preventing structures.
Major players covered in the report include Bonar Technical Fabrics, CETCO Lining Technologies Group, Mattex Geosynthetics, Propex Operating Company LLC, Reliance Industries Limited, TenCate™ Geosynthetics North America, and Tensar International Corporation 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, and profiles 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 and Rest of Asia-Pacific) and Rest of World. Product markets analyzed include Geomembranes, Geotextiles and Others.
For more details about this comprehensive market research report, please visit: http://www.strategyr.com/Geosynthetics_Market_Report.asp.
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 more than 1300 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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