Asia Pacific to Dominate Geosynthetics Market During Forecast Period
Increasing construction
activities and growing awareness regarding soil erosion to drive the growth of
global geosynthetics market during forecast period
According to
TechSci Research report, “Global Geosynthetics
Market By Material, By Type, By Function, By Application, By Region,
Competition, Forecast & Opportunities, 2024”, the global
geosynthetics market is expected to projected to register a formidable CAGR
through on the account of rapid development in the construction industry.
Moreover, surging demand for durable materials offering high mechanical protection
coupled with increasing use of geosynthetics in the infrastructure sector, is expected
to positively influence the growth of geosynthetics market across the globe in
the coming years. Additionally, the market shows lucrative growth which can be attributed
to the opportunity in the usage of green roof and green wall in the
construction industry required to control soil erosion and for the better
drainage system so that excess rain water can be removed from a roof top.
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Global geosynthetics
market can be segmented based on material, type, function, application and
region. On the basis of region, Asia-Pacific is estimated to dominate the
global geosynthetics market over the forecast period by witnessing a robust CAGR,
which can be attributed to the factors such as increasing demand for soil
reinforcement in foundation work of residential buildings in the developing
countries such as China and India. Moreover, favorable government policies for
boosting infrastructural development in India and China is aiding the growth of
geosynthetics market in the region. Also, the Middle East & Africa region
is projected to record significant growth over the upcoming years. This
regional growth is attributable to the surging civil and commercial construction
activities, including construction of stadiums as well as hotels, thereby
boosting the demand for composite building materials, including geosynthetics.
Acme-Hardesty,
Koninklijke Ten Cate bv., Low & Bonar PLC, Propex Operating Company LLC, GSE
Environmental, HUESKER Synthetic GmbH, Fibertex Nonwovens A/S, TENAX SPA,
Tensar International Corporation, Agru America, Inc. among others are the
leading players operating in global geosynthetics market.
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“In
terms of application, the global geosynthetics market is fragmented into
construction,
transportation, environmental and others. Among them, the transportation
application is estimated to register the formidable growth during the next 5
years owing to continuous expansion of road and railway networks worldwide.
Based on type, geomembrane segment is anticipated to grow at a substantial pace
over the years to come due to increasing awareness regarding the application of
geomembranes as floating covers for reservoirs to control evaporation.
Additionally, the product helps in reducing volatile organic compounds
emission, and therefore minimizes the demand for drainage and cleaning, which
is expected to supplement the market growth of this segment.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Geosynthetics Market By Material, By Type,
By Function, By Application, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of global geosynthetics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global geosynthetics market.
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