U.S. Geosynthetics Market size to cross USD 3 billion by 2024
SELBYVILLE, Del., July 3, 2018 /PRNewswire-iReach/ -- Geotextile market from pavement repair applications should exceed USD 480 million by 2024. It possesses high tensile strength, permeability, abrasion resistance and porosity, thus restricting water percolation and preventing crack formation in pavements and roads. Increasing demand for geotextiles as physical in barrier between the aggregate and weak part of subgrade soil and reduction of repair & construction cost and time should favor geosynthetics market growth.
Geosynthetics Market size is set to surpass USD 12 billion by 2024. Rapid urbanization in China, India and Brazil along with favorable government initiatives to improve infrastructure will favor housing, transport, construction and energy industries, thereby driving geosynthetics market size. Increasing environmental concerns along with shift in consumer trends towards green buildings and material should positively influence industry growth.
Strict environment norms implemented by EPA and REACH for construction industries coupled with increase in infrastructure spending in residential sector owing to massive movement of migrants to western countries and rising living standards of consumers should propel industry growth. Growth in geotextile market size is expected in construction application due to superior characteristics such as tensile strength, porosity, flexibility, permeability and compatibility should boost geosynthetics demand.
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Uniaxial geogrids market size is likely to register significant gains at over 4.5% at the end of forecast timeframe. These products are mainly used as reinforcements on weak part of subgrade soils for erosion control and soil stabilization, resulting into longer lifespan of roads. Shifting consumer preference for modern construction along with increasing government spending on infrastructure development should positively influence geosynthetics market growth.
UK geosynthetics demand should expect consumption at over 385 million square meters by 2024. Strict regulation pertaining to solid waste management should enhance product demand. Regulatory bodies are promoting geomembrane application in municipal solid waste management systems. These products also prevent leakage and facilitate flow through designed drainage system. Proper drainage system will eliminate negative waste impact on surface & underground water bodies, thus propelling regional industry growth.
HDPE based geonets market size is likely to witness steady growth close to 5% over the forecast period. Increasing demand of geonets in soil reinforcement application owing to porosity, permeability and tensile strength should favor industry growth.
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Japan geocells market size is likely to exceed USD 30 million by the end of projected period. Increasing environmental concerns with rise in consumer awareness for consumption of biodegradable material should drive regional industry growth. Growth in soil erosion control program along with superior properties of the product to allow water passage and retain soil granules should enhance product demand, thereby driving regional geosynthetics market growth.
TENAX, Royal TenCate, Tensar International, Fibertex, TYPAR and Huesker are the prominent industry participants in geosynethtics market. Strong R&D spending by manufacturers in order to comply with various environmental regulations may improve and expand product portfolio thereby stimulating industry growth.
Chapter 2. Executive Summary
2.1. Geosynthetics market 3600 synopsis, 2017 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
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Chapter 3. Geosynthetics Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.3.3. Profit margin by position
3.4. Technology landscape
3.5. Raw material analysis
3.5.1. Polypropylene (PP)
3.5.2. Polyethylene (PE)
3.5.3. High density polyethylene (HDPE)
3.5.4. Low density polyethylene (LDPE)
3.5.5. Polyester
3.5.6. Polyvinyl Chloride (PVC)
3.5.7. Coir
3.5.8. Jute
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Pricing analysis
3.7.1. Regional Pricing
3.7.1.1. North America
3.7.1.2. Europe
3.7.1.3. Asia Pacific
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Cost structure analysis
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1 North America: Increasing shale gas production
3.8.1.2 Europe: Favorable regulations
3.8.1.3. Asia Pacific: Positive construction outlook
3.8.1.4. LATAM: Strong application scope in mining industry
3.8.1.5. MEA: Sustainable and environmental friendly infrastructure
3.8.2. Industry pitfalls & challenges
3.8.2.1. Fluctuating raw material prices
3.9. Innovation & sustainability
3.10. Growth potential analysis, 2016
3.10.1. Emerging business models
3.11. Porter's analysis
3.12. Competitive landscape, 2016
3.12.1. Strategy dashboard
3.13. PESTEL analysis
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