Dublin, Aug. 20, 2021 (GLOBE NEWSWIRE) -- The "Geosynthetics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Geosynthetics Market to Reach $20 Billion by 2027
Amid the COVID-19 crisis, the global market for Geosynthetics estimated at US$11.2 Billion in the year 2020, is projected to reach a revised size of US$20 Billion by 2027, growing at a CAGR of 8.7% over the analysis period 2020-2027.
Geotextiles, one of the segments analyzed in the report, is projected to record a 9% CAGR and reach US$14.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Geomembranes segment is readjusted to a revised 9.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 13.2% CAGR
The Geosynthetics market in the U.S. is estimated at US$3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2027 trailing a CAGR of 13.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.
Other Product Types Segment to Record 6.4% CAGR
In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2027, while Latin America will expand at a 7.7% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Preface
- Recent Market Activity
- Outlook
- Market Drivers in a Gist
- Geosynthetics Applications
- List of Major Applications of Geosynthetics
- Competitive Scenario
- Reviving Economy Signals Bright Prospects
- Regulatory Arena
- List of Select Standards for Geosynthetics Worldwide
- Geotextiles - A Major Segment of Geosynthetics
- Road Construction - A Major End-Use for Nonwoven Geotextile
- Vendors Focus on Research and Development
- Geomembranes - The Fastest Growing Segment
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 98 Featured)
- AGRU America, Inc. (USA)
- Berry Global, Inc. (USA)
- CETCO (USA)
- Fibertex Nonwovens A/S (Denmark)
- GSE Environmental, Inc. (USA)
- Hanes Geo Components (USA)
- Low & Bonar PLC (Scotland)
- Mattex Geosynthetics (Saudi Arabia)
- NAUE GmbH & Co. KG (Germany)
- Officine Maccaferri SpA (Italy)
- Propex Operating Company, LLC (USA)
- Raven Industries, Inc. (USA)
- Royal TenCate NV (Netherlands)
- TenCate Geosynthetics Americas (USA)
- Tenax Corporation (USA)
- Tensar International Corporation, Inc. (USA)
- Thrace-LINQ, Inc. (USA)
3. MARKET TRENDS & DRIVERS
- Developing Markets Promise Lucrative Potential
- Increasing Prominence of Geosynthetics in Economic and Environmental Sustainability
- Surging Waste and Water Management Applications Drive Demand for Geomembranes
- Focus on Innovation Steers Growth
- Geosynthetics Move into Energy Sector
- Jute Geo-textiles - A Potential New Application of Jute Fiber
- Rise in Demand for Coir Geotextiles
- Use of Geosynthetics in Green Roofs Gains Momentum
- Geocomposite Drains Bringing a Paradigm Shift in the Green Roofs Technology
- Demand for Geosynthetic Materials Witnesses an Upward Momentum
- Submerged Breakwaters to Tackle Beach Erosion
- Increasing Use of Geogrids in Railway and Road Applications
- Rising Raw Material Costs Affect Geotextiles and Geogrid Markets
- Emerging Trends in Techtextil Technologies
- Technical Textiles vs. Geotextiles
- Comparison of Product Focus, Lifespan Quality Standards, Properties and Application of Geo-Textiles and Technical Textiles
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
IV. COMPETITION
- Total Companies Profiled: 98
Companies Mentioned
- AGRU America, Inc.
- Berry Global, Inc.
- CETCO
- Fibertex Nonwovens A/S
- GSE Environmental, Inc.
- Hanes Geo Components
- Low & Bonar PLC
- Mattex Geosynthetics
- NAUE GmbH & Co. KG
- Officine Maccaferri SPA
- Propex Operating Company, LLC
- Raven Industries, Inc.
- Tenax Corporation
- TenCate Geosynthetics Americas
- Tensar International Corporation, Inc.
- Thrace-LINQ, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/af8l20
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