Global Geogrid Market is set to Increase to About USD 2.01 Billion by 2030

09-Dec-2022 | Zion Market Research

The global geogrid market size was nearly USD 1.15 billion in 2021 and is set to increase to about USD 2.01 billion by 2030 with a compound annual growth rate (CAGR) of nearly 4.71% between 2022 and 2030.

Geogrid is a geosynthetic material utilized for reinforcing soils and other similar materials. Reportedly, geogrids are made up of polyester, polypropylene, polyvinyl alcohol, and polyethylene. Furthermore, these products are woven from yarns, heat-welded from material strips, and manufactured by punching a symmetrical pattern of holes in material sheets. In addition, these products find extensive application in construction activities owing to their capacity of distributing the higher load across a huge area. Moreover, geogrids also find a spectrum of applications in the road & rail development sector due to lower maintenance costs, less time utilization, and the thickness of road and rail tracks.

A surge in infrastructural and construction activities with rapid urbanization has provided an impetus to the growth of the global geogrid market. In addition, depletion in the road construction and maintenance costs have paved a way for the expansion of the global industry. Apart from this, a prominent increase in infrastructural expenditure across the countries such as the U.S., China, Russia, the UK, Canada, and Germany will prop up the demand for geogrid and will boost the global geogrid business. With an increase in rail and airport projects in emerging economies, the market for geogrid is predicted to gain traction in the years ahead.

However, the lack of availability of skilled workforce can put brakes on the growth of the geogrid industry globally. Nonetheless, an increase in awareness about the benefits of using the product will generate new opportunities for growth for the global geogrid market.

Global Geogrid Market

The global geogrid market is divided into material, product, application, and region.

On basis of material, the global geogrid industry is sectored into HDPE, polypropylene, and polyester segments. Furthermore, the polyester segment, which dominated the global market share in 2021, is predicted to continue its market domination even during the assessment period. The growth of the segment over the projected timeframe is credited to its lightweight, elasticity, and longevity. In addition to this, polyester offers excellent heat resistance and it finds extensive applications in mining, tunnels, anti-snow barriers, and wall constructions.

Based on product, the global geogrid industry is divided into uniaxial, biaxial, and multiaxial segments. Moreover, the biaxial segment accounted for the major share of the global geogrid market in 2021. The segmental growth can be attributed to the ability of biaxial geogrids in providing cost-efficient solutions to road paving and soil reinforcement activities. In addition to this, biaxial geogrid can be deployed during unfavorable conditions including polluted soils, shallowly buried utilities, weak subgrades, and heavy loads.

The North American region is predicted to account majorly for the global geogrid market share by 2030. The growth of the regional market can be attributed to a rise in the production of geogrids in the countries such as the U.S. In addition to this, the humungous presence of giant players such as Tensor Corporation, Propex Operating Company, GSE Environmental, LLC, and Strata Systems in the region is likely to proliferate the regional market size. An increase in funding of infrastructural ventures in the region will promote the growth of the geogrid industry in North America.

Moreover, the Asia-Pacific region is anticipated to register the fastest CAGR of about 10.0% over the assessment timeline. The growth of the regional market can be attributed to an expanding customer base in emerging economies such as China and India along with the increase in infrastructural development projects as well as refurbishment ventures in the construction sector in these countries.

Key players profiled in the global geogrid market include:

  • Tensar Corporation
  • Reed & Graham Inc.
  • BPM Geosynthetics
  • Solmax International, Inc.
  • Strata Systems, Inc.
  • Huesker Synthetic GmBH
  • BOSTD Geosynthetics Qingdao Ltd.
  • Naue GmBH and Co. Kg
  • Tmp Geosynthetics

Recent Developments:

  • In September 2021, Tensar Corporation, a key player in the global geogrid business, launched Next Generation InterAxTM Geogrid product. Reportedly, it is the next generation of geogrid products of Tensar and demonstrates rapid advancement of the firm in geogrid technology. The launching of the new product will contribute immensely to the company’s revenue as well as towards its existing line of products. The move will contribute remarkably to the expansion of the geogrid business and its revenue globally.
  •  In February 2022, Freudenberg Performance Materials, a key supplier of high-performing geosynthetics for civil engineering activities in Germany, introduced a novel geogrid composite. The initiative will help in enhancing the efficiency of construction activities and boost the demand for geogrids in Germany and across Europe.

This review is based on a report by Zion Market Research, titled Geogrid Market By Material (HDPE, Polypropylene, and Polyester), By Product Built (Uniaxial, Biaxial, and Multiaxial), By Application (Road Construction, Railroad, Soil Reinforcement, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/geogrid-market

The global geogrid market is segmented as follows:

By Material

  • HDPE
  • Polypropylene
  • Polyester

By Product Built

  • Uniaxial
  • Biaxial
  • Multiaxial

By Application

  • Road Construction
  • Railroad
  • Soil Reinforcement
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed