New York, United States , May 03, 2023 (GLOBE NEWSWIRE) -- The Global Geosynthetics Market Size is to grow from USD 10.64 billion in 2022 to USD 20.74 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period.
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Geosynthetics are synthetic materials used in civil engineering and environmental applications to enhance the performance and durability of geotechnical structures. Made from polymers, geosynthetics offer a range of functions including reinforcement, separation, filtration, drainage, and erosion control. They are widely used in construction projects such as roads, railways, retaining walls, landfills, and coastal protection. Geosynthetics provide numerous benefits including improved soil stability, reduced construction costs, enhanced environmental performance, and extended service life of structures. They have become a crucial component of modern civil engineering, offering sustainable solutions to tackle geotechnical challenges in a wide range of applications.
“Companies Covered: TenCate Geosynthetics, Solmax International Inc., HUESKER Synthetic GmbH, GSE Environmental LLC, Propex GeoSolutions, Tensar International Corporation, NAUE GmbH & Co. KG, Thrace Group, Maccaferri S.P.A., Raven Industries, Inc., CETCO, Strata Systems, Inc., Low & Bonar, Carthage Mills, Hanes Geo Components and others”.
Browse key industry insights spread across 214 pages with 121 market data tables and figures & charts from the report on "Global Geosynthetics Market Size, Share, and COVID-19 Impact Analysis, By Type (Geotextiles, Geomembranes, Geogrids, Geofoam, Geonets, and Others), By Application (Waste Management, Water Management, Transportation Infrastructure, Civil Construction, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032 " Get Detailed Report Description Here:
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The geomembranes segment is expected to grow at a higher CAGR of 7.6% over the forecast period
The global geosynthetics market is categorized based on type. Geomembranes are currently the fastest-growing category in the geosynthetics market due to increasing environmental regulations, expanding infrastructure projects, and advancements in technology. The demand for geomembranes has risen in applications such as waste containment, environmental remediation, and water conservation. Emerging economies are driving growth with their focus on sustainability and infrastructure development. Additionally, advancements in geomembrane technology have improved their durability, flexibility, and chemical resistance, expanding their applications and driving their rapid growth in the market.
Waste management segment is expected to grow at a substantial CAGR during the forecast period
The global geosynthetics market is categorized based on application. Waste management is currently the fastest-growing category in various industries due to increasing awareness and regulations for environmental protection. The need for effective waste containment solutions, including landfill liners, caps, and covers made of geosynthetics, is driving the growth of waste management. With urbanization, industrialization, and population growth, the demand for proper waste disposal and recycling methods is on the rise. Governments and organizations are investing in waste management infrastructure, technologies, and solutions to address the environmental challenges posed by waste. As a result, waste management is witnessing significant growth as the fastest-growing category in various industries, driven by the need for sustainable waste management practices.
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Europe is expected to grow at a significant CAGR over the forecast period.
Based on region, Europe is anticipated to grow at a significant CAGR during the forecast period. This growth is mainly driven by several factors such as increased infrastructure development, growing environmental awareness, stringent regulations for waste management, and advanced engineering practices. Additionally, Europe has witnessed significant investment in research and development activities, leading to the development of innovative geosynthetic products and solutions. The presence of established geosynthetics manufacturers, growing demand for sustainable construction materials, and a strong emphasis on infrastructure rehabilitation and maintenance have further fueled the growth of the geosynthetics market in Europe.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global geosynthetics market include TenCate Geosynthetics, Solmax International Inc., HUESKER Synthetic GmbH. GSE Environmental LLC, Propex GeoSolutions, Tensar International Corporation, NAUE GmbH & Co. KG, Thrace Group, Maccaferri S.P.A., Raven Industries, Inc., CETCO, Strata Systems, Inc., Low & Bonar, Carthage Mills, and Hanes Geo Components.
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