Geocomposites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-4480 | Report Format : | Status : Upcoming |

Abstract

Global Geocomposites Market: Overview

Geocomposites are planer sheets made up of one or many layers of geosynthetic materials including geomembrane, geotextile, geonet, and geogrid. Geocomposites are used to improve the functions, enhance the deployment speed, and raise the angles of interface friction. Choice of combining materials depends upon its use as well as objective. These products are mainly used for providing rust control and in road construction activities. Geocomposites are also employed for offering protection, efficient barrier functionalities, reinforcement, and filtration facilities.

Global Geocomposites Market: Growth Factors

Development of strong infrastructure along with favorable government rules, eco-friendly legislations, and the need for cost-effective alternatives will push the growth of geocomposites industry in the long run. Apart from this, thriving construction activities and wide use of the products in rail & road development ventures are projected to steer the growth of geocomposites market. Additionally, the rise in the quantity of water containments and canaling is one of the major growth drivers of the industry.

Moreover, burgeoning need for wastewater treatment will propel the business scope in the foreseeable future. Nevertheless, lack of application of quality control procedures in landfill, highways, roads, and soil reinforcement across the emerging economies can act as a restraining factor for the industry growth. Additionally, oscillations in raw material costs will pose a huge threat towards market growth. However, the presence of strong infrastructural growth in the third world countries can offer new business growth avenues for the industry players. It can also help them to exploit the untapped business potential of the region, thereby making their regional presence felt across the globe.

Global Geocomposites Market: Segmentation

The geocomposites market can be sectored into product type, function, and application. On the basis of product type, the industry can be segmented into geotextile-geonet, geotextile-geomembrane, geotextile-geogrid, and geotextile-geocore. Based on the function, the geocomposites market can be segregated into drainage and containment. Application wise, the market can be classified into water management, soil reinforcement, road, and landfill.

Global Geocomposites Market: Regional Analysis

North American region is slated to dominate the overall market growth over the estimated timeline. The regional growth can be credited to rapidly expanding construction activities and infrastructure sector in the countries such as the U.S. In addition to this, large government funding for improving the rail & road infrastructure facility, constructing flyovers, tunnels, and bridges in China and India will multiply the product demand in the Asia Pacific zone. Smart city projects in India and One Belt and One Road venture in China will further add to the regional growth.

Moreover, a prominent increase in the building & construction activities in Brazil will chart a profitable roadmap for the Geocomposites market in Latin America.

Global Geocomposites Market: Competitive Players

Few of the main participants in Geocomposites market are Thrace Group, Leggett & Platt, Inc., TenCate Geosynthetics, GSE Environmental, ABG Limited, HUESKER, Officine Maccaferri Spa, Terram Geosynthetics Private Limited, SKAPS Industries, and Tenax.

Global Geocomposites Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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