Geosynthetics Industry Overview
The global geosynthetics market size was estimated at USD 15.54 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2030. Rapid infrastructure development in emerging economies, such as India and Brazil, is anticipated to fuel market growth over the forecast period. Incorporation of geosynthetics entails sustainable development, a small volume of earthwork, low carbon footprint, and an increased rate of construction. The growth of the construction industry in Asia Pacific is expected to remain one of the key market drivers over the next seven years.
Gather more insights about the market drivers, restrains and growth of the Geosynthetics Market
The spread of pandemic disease globally has negatively impacted construction industry in 2020, as numerous projects were halted due to an imposition of lockdown by the governing authorities to contain the spread of coronavirus. The players operating in the market observed lower demand for new office spaces, and other infrastructure owing to the supply chain barrier.
Availability of raw materials such as polypropylene on account of a high prevalence of petrochemical complexes of companies including Chevron Phillips, ExxonMobil, Shell, and BP encourages market players for increased production. These factors are anticipated to drive overall demand for geosynthetic products in the U.S. Furthermore, the U.S. EPA has authorized the application of geosynthetic products in landfills under the Resource Conservation and Recovery Act (RCRA). As a result, product market is likely to witness a positive impact in the U.S.
Geotextiles are used as lining systems in construction of ponds, streets, embankments, and pipelines. In addition, these products are also for the development of railway networks considering their ability to facilitate separation of soil layers from subsoil without hindering underground water circulation.
Geonets and geocells play a key role in promoting vegetative growth and providing shore protection, in turn, preventing soil erosion. Moreover, ongoing soil preservation projects in various economies, including South Africa, Spain, Canada, and India, are expected to drive the overall market growth.
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- The global polypropylene market size was estimated to be USD 123.46 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030.
- The geotextiles market size was valued at USD 7.10 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.
Geosynthetics Market Segmentation
Grand View Research has segmented the global geosynthetics market report based on product and region:
Geosynthetics Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)
- Geotextiles
- By Raw Material
- Natural
- Jute
- Others
- Synthetic
- Polypropylene
- Polyester
- Polyethylene
- Natural
- By Product
- Woven
- Non-woven
- Knitted
- By Application
- By Raw Material
- Geomembranes
- By Raw Material
- By Application
- By Technology
- Geogrids
- By Raw Material
- By Application
- By Product
- Geonets
- By Raw Material
- By Application
- Geocells
- By Raw Material
- By Application
Geosynthetics Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- New Zealand
- Australia
- Malaysia
- Thailand
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Key Companies profiled:
- GSE Holdings, Inc.
- Koninklijke Ten Cate N.V.
- Officine Maccaferri S.p.A.
- NAUE GmbH & Co. KG
- Propex Operating Company, LLC
- Low and Bonar PLC
- TENAX Group
- Fibertex Nonwovens A/S
- Global Synthetics
- AGRU America
- TYPAR
- HUESKER Group
- PRS Geo-Technologies
- Tensar International Corporation
- Solmax
Key Geosynthetics Company Insights
Key industry participants are entering into strategic agreements with raw material suppliers and equipment manufacturers to maintain an uninterrupted supply. Factors such as the expansion of manufacturing capacities in the developing economies of the Asia Pacific and the Middle East offer a competitive edge to the geosynthetics manufacturers.
- In September 2023, Titan Environmental Containment acquired Hewitt Geosynthetics, ageosynthetics company from Greater Toronto Area, Canada. Titan Environmental Containment provides high-quality geosynthetic solutions and specialized civil engineering construction services to extend the service life of critical infrastructure while conserving valuable natural resources. Under the terms of the agreement, Titan absorbed Hewitt's current client base in Canada and in the U.S.
- In July 2023, India-based Hella Infra Market Pvt. Ltd. acquired Strata Geosynthetics. The acquisition was aimed to concentrate on growing the presence of Strata Geosynthetics’ core markets and expanding brand to new markets.
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