The global geosynthetics market size is expected to reach USD 24.60 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rapid infrastructure development in emerging economies, such as India and Brazil, is anticipated to fuel the market growth over the forecast period. Infrastructure development in India, China, and the Middle East in light of regulatory inclination to increase expenditure on road transport is expected to drive the market. The European Union directive 2008/98/EC sets the basic regulations for waste management and ways for efficient landfill containment.
This regulatory inclination in Europe is expected to increase the application of geosynthetics in the near future. The product is widely used for base reinforcement, separation, and stabilization of roads and pavements. These products also find application in subsurface drainage systems for dewatering, road base, and structure drainage. The market is characterized by the presence of large-scale manufacturers catering to the global demand. The demand for geosynthetics is high in developing economies including India and China, owing to the sanction and commencement of infrastructural development projects in the developing economies. Key market players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby advancing their market share.
Gather more insights about the market drivers, restrains and growth of the Global Geosynthetics Market
Geosynthetics Market Report Highlights
· Geotextiles led the market in 2023 with a revenue share of more than 48.4%. The segment dominated the market on account of their better performance and functional advantages over other materials.
· Geomembranes are estimated to expand at a CAGR of 5.2% in terms of revenue from 2024 to 2030 considering the rising awareness regarding the product’s application as floating covers for reservoirs to control evaporation, reduce Volatile Organic Compounds (VOCs) emission, and minimize demand for drainage and cleaning.
· Geogrids are increasingly used in railway and road infrastructure development for reinforcement of structural bases over soft soils on account of their exceptional bearing capacity.
· Geonets are incorporated as separation media in the collection of landfill leachates, foundation wall systems in drainage, road, and pavement drainage systems, and methane gas collection.
Browse through Grand View Research's Advanced Materials Industry Research Reports.
· Spherical Silicon Carbide Market: The global spherical silicon carbide market size was estimated at USD 3.68 billion in 2023 and is projected to grow at a CAGR of 11.0% from 2024 to 2030.
· Chemical Mechanical Planarization Market: The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 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
o By Raw Material
o Natural
o Jute
o Others
o Synthetic
o Polypropylene
o Polyester
o Polyethylene
o By Product
o Woven
o Non-woven
o Knitted
o By Application
o Erosion control
o Reinforcement
o Drainage systems
o Lining systems
o Asphalt overlays
o Separation & stabilization
o Silt Fences
· Geomembranes
o By Raw Material
o HDPE
o LDPE
o Ethylene Propylene Diene Monomer (EPDM)
o Polyvinyl chloride (PVC)
o Others
o By Application
o Waste management
o Water management
o Mining
o Lining Systems
o Others
o By Technology
o Extrusion
o Calendering
o Others
· Geogrids
o By Raw Material
o HDPE
o Polypropylene
o Polyester
o By Application
o Road construction
o Railroad
o Soil reinforcement
o Others
o By Product
o Uniaxial
o Biaxial
o Multi-axial
· Geonets
o By Raw Material
o HDPE
o MDPE
o Others
o By Application
o Road construction
o Drainage
o Railroad
o Others
· Geocells
o By Raw Material
o HDPE
o Polypropylene (PP)
o Others
o By Application
o Earth reinforcement
o Load support
o Tree root protection
o Slope protection
o Others
Geosynthetics Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)
· North America
o U.S.
o Canada
o Mexico
· Europe
o France
o Germany
o UK
o Italy
o Spain
· Asia Pacific
o China
o India
o Japan
o New Zealand
o Australia
o Malaysia
o Thailand
· Central & South America
o Brazil
· Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
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