The geosynthetics market encompasses a wide range of synthetic materials such as geotextiles, geomembranes, geogrids, geofoams, and geocomposites that are used in construction applications. Geosynthetics products provide filtration, drainage, reinforcement, barrier, and geofoams used for erosion control. These products find extensive usage in applications including road construction, erosion control, containment sites, waste management, and agriculture. Geosynthetic products offer advantages such as high durability, permeability for drainage, tensile strength for reinforcement, and low hydraulic conductivity for containment. The growing demand for Geosynthetics Market Size from road construction and mining activities is driving the need for these products.

The Global Geosynthetics Market is estimated to be valued at US$ 16.86 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Geosynthetics are Nippon Paper Industries Co., Ltd., Mondi Plc, Metsa Board Oyj, WestRock, and Oji Holdings Corporation.

The growing construction activities across developing nations coupled with increased spending on infrastructure projects are fueling demand for geosynthetics. Rapid urbanization and rising disposable income have boosted road construction projects globally. Geosynthetic products offer cost-effective and durable solutions for various infrastructure projects.

Major players are expanding their manufacturing facilities and production capacities in emerging economies to gain market share. For instance, Mondi Plc partnered with local players in Indonesia to develop its uncoated kraft paper business. Companies are focusing on backward integration and acquisitions for global expansion in high growth markets.

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