Geogrid Market Share Industry Report & Forecast by 2027

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Top companies covered TENAX SPA , Tensar International Corporation , GSE Environmental , Terram Geosynthetics Pvt. Ltd. (TGPL) , Koninklijke Ten Cate bv , Garware Technical Fibres Ltd. , Fibertex Nonwovens A/S , Techno Fabrics Geosynthetics Pvt. Ltd. , HUESKER , Fibromat (M) Sdn Bhd. , A

The global geosynthetics market is set to gain traction from the increasing usage of sustainable building materials. Geosystems reduce the usage of natural materials, such as aggregates and sand, thereby simplifying construction activities. In a typical cross-section, for instance, the depth of aggregate layercan be cut off so that less mining is needed for the construction of roads.

The above information is published by Fortune Business Insights™ in a recent report, titled, “Geosynthetics Market Size, Share and Industry Analysis, By Product (Geotextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026.” As per the report, the geosynthetics market size stood at USD 27.16 billion in 2018. It is set to reach USD 45.25 billion by 2026, exhibiting a CAGR of 6.6% during the forecast period.

 

This Report Answers the Following Questions:

  • How big is the market?
  • What are the geosynthetics market trends and growth drivers?
  • Which region would remain at the forefront in the near future?
  • Which are the top companies present in the market?
  • What are the challenges that the market may face in the coming years?

 

Drivers Restraints-

Rising Demand from Mining Sector to Propel Growth

Nowadays, geosynthetic materials are utilized for making waste barriers for mining by-products. Mining activities give out plenty of solid wastes, namely, waste rocks and tailings throughout the entire process that consists of waste disposal and containment. In this sector, geomembrane liners are extensively used for lining solutions, such as tailings impoundments, heap leaching, and evaporation ponds. Numerous organizations are also providing several geomembrane solutions to the mining sector. This sector uses around 40% of the geomembrane production worldwide. These factors are set to boost the geosynthetics market growth during the forthcoming years. However, geogrids are often damaged when they are exposed to UV light and low temperatures. It may hinder the market growth.

 

Browse Summary of this search

https://www.fortunebusinessinsights.com/geosynthetics-market-102545