The report includes a detailed value chain analysis, which provides a comprehensive view of the Geosynthetics Market
Geosynthetics are man-made polymeric products that are used in the stabilization of terrain by enhancing its properties. Based on product type, geosynthetics can be segmented into geotextiles, geomembranes, geogrids, drainage composites, and others (Geosynthetic clay liners, etc.). Geosynthetics can also be segmented on the basis of function into containment, reinforcement, filtration and drainage, and others (Separation, etc.). Features such as reduced thickness, light weight, less usage of airspace, easy availability, and good durability play an important role in various applications of geosynthetics. Strong emergence of geosynthetics in the construction industry can principally be attributed to numerous interconnected factors. Geosynthetics are synthetic substances usually made up of polyethylene, polypropylene, and polyester. These possess beneficial characteristics such as good flexibility, high tensile strength, permeability, durability, resistance to corrosion, and enhanced thickness owing to their polymeric nature. Based on test methods, specifications, and guides set by standards such as ISO, ASTM, and GSI, geosynthetics of various grades and quality are available for required applications.
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In terms of volume, geotextiles was the largest product segment of the geosynthetics market in 2014. The segment accounted for more than one-third share of the global geosynthetics market due to its increasing usage in construction activities. Geogrids are used for reinforcement purposes. It is expected to be the fastest-growing product segment of the geosynthetics market during the forecast period. Geomembranes are mostly used in containment, whereas geonets are applied in drainage purposes. Containment was the largest segment of the geosynthetics market, accounting for more than 35% share of the global geosynthetics market in 2014. Geomembranes, certain geocomposites, and geosynthetic clay liners perform the function of containment by acting as a barrier for gas or liquids in landfill liners. These are also used in hydraulic applications such as canals, dams, and tunnels. Others segment, which includes separation function, is expected to be the fastest-growing segment of the geosynthetics market during the forecast period.
Factors such as rise in mining activities and government incentives to increase the usage of geosynthetics for environmental protection purposes are major drivers for growth of the geosynthetics market. Asia Pacific was the largest market for geosynthetics owing to increase in end-use applications in the region in 2014. The region accounted for more than 30% of the global geosynthetics market in 2014. Demand for geosynthetics in the region is estimated to be primarily driven by rapid upsurge in infrastructure development in China, India, and ASEAN. Middle East and Africa was the fastest-growing geosynthetics market due to increased usage of geosynthetics in construction activities. Europe experienced comparatively sluggish growth in 2014 due to impact of the economic crisis. The geosynthetics market in North America is also expected to experience moderate growth during the forecast period due to recovery from financial crunches.
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Growing environmental concerns regarding soil erosion and increasing investments in infrastructure development are anticipated to drive the global geosynthetics market during the forecast period. On the other hand, fluctuating price of raw materials is likely to hamper the market in the next few years. Availability of low cost and natural alternatives such as rocks and jute fiber are anticipated to act as restrain of the geosynthetics market in the next eight years. Furthermore, increasing usage of geosynthetics in green wall and green roof construction is expected to act as an opportunity for the market in the near future. Storage, installation, and handling of geosynthetics require skilled workers. Hence, companies manufacturing geosynthetics also undertake activities such as site development and construction projects. Key players in the synthetic rubber market include Low & Bonar PLC, Avintiv (Polymer Group Inc.), Officine Maccaferri S.p.A., NAUE GmbH & Co. KG, Agru America, Inc., Propex Operating Company, LLC, TenCate Geosynthetics, GSE Environmental, Inc., Tenax Corporation, and Tensar International Corporation.
Table of Content
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Geosynthetics Market – Industry Analysis
Chapter 4 Raw Material and Price Trend Analysis
Chapter 5 Geosynthetics Market – Product Analysis
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