Global Geosynthetics Market By Product (Geotextiles, Geomembranes, Geogrids, Geonets, and Other Products), By Application (Separation, Reinforcement, Filtration, Drainage, and Barrier), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Report Overview

The global Geosynthetics industry was valued at USD 14,540.1 million in 2021. This market is expected to experience a 6% CAGR between 2023-2032. Geosynthetics is a term that refers to products that stabilize terrain. They are often polymeric products that solve civil engineering issues. These products include geonets. These products are made from polystyrene, polypropylene, polyvinyl chloride, and polyester. Geosynthetics systems are used in various civil engineering and geotechnical applications.

Global Geosynthetics Market Analysis

Product Analysis

Geotextiles accounted for 50% of the global market share in 2021. Because of its superior performance and functional advantages over other materials, the segment dominated the market share. The synthetic fabrics used for manufacturing geotextiles consist of PP and polyethylene polyester. In terms of revenue, Geomembranes should grow at a steady rate from 2023 to 2032. This is due to increasing awareness of their use as floating covers in reservoirs to control evaporation and reduce Volatile Organic Compounds, emissions,s and the demand for drainage.

Geogrids have a remarkable bearing capacity and are used more frequently in railway and road infrastructure construction. Geogrids are also used to build retaining walls that support bridge abutments or railway bridges. The market is expected to grow due to the above factors. Geonets are used in separation media to collect landfill leachates, foundation wall systems in drainage, road drainage systems, and methane gas. Because of its ability to slow down surface runoff, the product is expected to be more widely used in erosion control.

By Application

The application segment is divided into reinforcement, drainage, separation, filtration, and barrier. Geosynthetics, such as geotextile and geomembrane, are used to separate layers of different materials. This is necessary to ensure the infrastructure remains intact. The forecast period will see the segment grow because of increased investments in developing countries’ construction and repair of roads. The geosynthetics in the soil are used to increase the soil’s shear and tensile strengths. Geotextiles and geogrids are used to reinforce sub-soil in road construction. Filtration is moving liquid through geosynthetics while keeping the soil particles. Drainage is an essential application in almost every geotechnical structure. It transmits liquid inside the plane and reduces lateral pressure on a retention wall. Geosynthetics prevent liquid and vapor contamination. They are commonly used in waste containment systems to provide a moisture barrier.

Key Market Segments

By Product

• Geotextiles
• Geomembranes
• Geogrids
• Geonets
• Other Products

By Application

• Separation
• Reinforcement
• Filtration
• Drainage
• Barrier

Market Dynamics

Market growth is expected to be driven by rapid infrastructure development in emerging economies like India and Brazil. In 2020, the COVID-19 epidemic harmed the construction industry. Many projects were stopped by the lockdown imposed by the authorities to control the spread of this virus. Supply chain obstacles caused a drop in demand for office spaces and infrastructure by the players on the market.

Due to the abundance of petrochemical complexes at companies such as Shell, Chevron Phillips, ExxonMobil, and Shell, market players encourage increased production. Over the forecast period, the above factors will drive the U.S. demand for geosynthetics products. Geotextiles serve as linings in the construction of streets, ponds, pipelines, and embankments. These products are also useful in the development of railway networks. They allow the subsoil to be separated from the soil without restricting underground water circulation.

Geonets and Geocells play an important role in vegetative growth and shore protection. This, in turn, helps to prevent soil erosion. Market growth is expected to be driven by ongoing projects in soil preservation in different economies like South Africa, Spain, Canada, and India. Extreme outflow losses caused by canals have exacerbated drainage concerns. Geosynthetics have proven to be highly effective in controlling seepage in irrigation systems and other development projects. Geosynthetics are also used in the construction of channels and low embankment dams. They are also used for slope protection and to control seepage from reservoirs and channels.

Regional Analysis

The Asia Pacific was the dominant market and accounted for 43% of the total global revenue in 2021. Over the forecast period, there will be a significant increase in demand for oil reinforcement in foundation work for residential buildings in emerging countries like China and India.

Europe was the second largest market, thanks to numerous construction directives like 89/106/EEC or M/107 European Union that have required geosynthetics on infrastructure projects. The German government also enforced a stringent waste management policy in both the municipal and industrial sectors.

Geosynthetics is expected to increase due to increased infrastructure activity in South America’s developing economies, including Brazil. Rising water management practices will boost the regional market growth. The growing offshore oil-and-gas sector in Brazil, Argentina, and Venezuela has also influenced the growth of this market. Geosynthetics is booming in Africa and the Middle East. Over the forecast period, the region will increase civil and commercial building activities, including stadiums or hotels.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Industry leaders have made strategic agreements with suppliers to ensure an uninterrupted supply of raw materials and equipment. The geosynthetics industry has a competitive edge because of factors such as the expansion in manufacturing capacity in the Asia Pacific and the Middle East. Market leaders are forming agreements with emerging players to increase their market reach and expand their distribution capacity. Companies will also likely form partnerships with eCommerce portals to provide buyers timely access to geosynthetic product information.

Маrkеt Кеу Рlауеrѕ:

• GSE Holdings Inc.
• Officine Maccaferri S.p.A.
• Koninklijke Ten Cate N.V.
• Fibertex Nonwovens A/S
• Propex Operating Company LLC
• NAUE GmbH & Co. KG
• TENAX Group
• Low and Bonar PLC
• Other Key Players

For the Geosynthetics Market research study, the following years have been considered to estimate the market size: