VALLEY
COTTAGE, N.Y. ,(GLOBE NEWSWIRE) -- A new market research study by Future Market
Insights (FMI) on the global geosynthetics market contains global industry
analysis for 2014–2018 and opportunity assessment for 2019–2029. The report
investigates the geosynthetics market and provides critical insights for the
forecast period of 2019-2029. The global geosynthetics market recorded the revenues worth ~US$ 9.4 Bn
in 2018 and is estimated to grow at a CAGR of ~ 10% in the projected period of
2019 - 2029.
As
per the findings of the report, the global industrial geosynthetics market is
anticipated to experience substantial growth over the forecast period owing to
growth in civil construction activities led by several developing economies in
the past few years. The report opines that the market growth is significantly
driven by increasing investments in public infrastructure development and
modernization of existing facilities across the globe.
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Geosynthetic
materials are witnessing increased usage in solid waste management for landfill
applications. These materials are used for separating and confining bulk waste.
Countries such as China and India, are emphasizing on effective waste treatment
practices, which is likely to lead to an increase in demand for geosynthetics
in the near future.
Moreover,
owing to the high transport infrastructural development activities in the
region, geosynthetic products are estimated to witness significant deployment
in road construction. The road construction application segment is estimated to
remain dominant in terms of geosynthetic material demand.
Product Portfolio Enhancements & Technological Innovations
Several
players are emphasizing on improving their product portfolios by introducing
new products with better quality and gauge variations. Manufacturers are
primarily targeting high development areas and producing application-specific
products in order to gain higher market shares.
In
February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi®
TM13C and TM14S, to solve erosion problems on steep slopes and in channels.
These materials retain bare soil and stabilize and nurture vegetation while
resisting the challenges of precipitation and high-flow rates on soils.
Use of Different Materials to Enhance Strength and Durability
Involvement
of a large number of local and global players in the geosynthetic market has
compelled manufacturers to offer innovative products, in order to generate
significant demand. Many companies are dedicating a huge amount of money for
the research and development of new products and to increase the properties of
existing ones. Companies are continuously experimenting with geosynthetics in
order to provide products with enhanced mechanical properties and high
reliability.
As
polypropylene is extensively used for the manufacturing of geotextiles, it is a
relatively large segment among all types, and is expected to witness
significant growth during the forecast period. Other geosynthetic products such
as geocell, geofoam, geopipes, etc., have limited and specific uses. However,
the segment has witnessed significant demand during the last five years.
Use
of metallocene polypropylenes: In 2015, a reputed conglomerate launched a
metallocene PP-based non-woven geotextile. This geotextile is premium in terms
of mechanical properties and performance. The use of metallocene PP offers
relatively lightweight geotextiles and increased production.
Competitive
analysis of the global geosynthetics market reveals that among the several
active participants in the competitive landscape of geosynthetics market, the
tier 1 players tend to hold a relatively lower share, which has been attributed
to high competition from a large number of local players operating at low
profit margins and have better accessibility within regional markets. Some of
the leading companies are also observed to be operating through their sales
offices, or collaborating with regional manufacturers.
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About Us
Future
Market Insights (FMI) is a leading market intelligence and consulting firm. We
deliver syndicated research reports, custom research reports and consulting
services which are personalized in nature. FMI delivers a complete packaged
solution, which combines current market intelligence, statistical anecdotes,
technology inputs, valuable growth insights and an aerial view of the competitive
framework and future market trends.
Contact Us
Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
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T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
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