Geosynthetics Market Share, Industry Growth, Trend, Drivers, Challenges, Key ComPosted by Ajay Chandak on February 10th, 2021 Geosynthetics Market To Reach USD 22.11 Billion By 2027 Massive increase in construction activities and the growing need for environmental protection are the drivers for the growth of the market. Market Size – USD 14.07 Billion in 2019, Market Growth – CAGR of 6.2%, Market Trends – High demand from Europe and the Americas. The Global Geosynthetics Market is expected to reach USD 22.11 Billion in 2027 from USD 14.07 Billion in 2019, registering a CAGR of 6.2% through the forecast period. Geosynthetics are polymeric products extensively used in several construction applications and geotechnical engineering. They consist of high-density polypropylene, polyester, and polyethylene. Geosynthetics are very durable in nature, versatile, and economical materials in widespread applications of geotechnical, environmental, and hydraulic. They are integrated to serve in the form of reinforcements, separators, barriers against gases and liquids, drainage facilitators, and filters. It also exhibits various favorable characteristics including, strength, stiffness, and durability. The growing acceptance of the product is stimulating growth in the industry. Several emerging countries are highly making investments in infrastructure as well as environmental projects, which are fueling the market growth. Numerous factors are influencing the sector, including the regulatory support towards enhancing the municipal facilities, the soaring demand for applications in wastewater treatment, and the national government’s initiative in taking various projects. Geosynthetics are majorly preferred in civil construction and environmental activities, including landfill and filtration. The transport sector is making high use of geosynthetics, augmenting the sector’s growth. The continuous need for geosynthetics for the hassle-free dumping of hazardous, industrial, and ordinary wastes is further accelerating the industry’s dynamics. However, the volatility in the prices of raw materials is obstructing the market. The pandemic’s impact has posed several challenges to the growth of the geosynthetics industry. The primary reason for the industry’s downfall is the stagnant construction industry’s work. However, it is expected that once the pandemic situation is controlled, the trends in the market would aid in retaining its demand in the coming years. Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Global Geosynthetics Market on the basis of type, function, end-use industry, and region: Type Outlook (Revenue, USD Billion; 2017-2027)
Function Outlook (Revenue, USD Billion; 2017-2027)
End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
Table Of Content - 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Market Segmentation & Impact Analysis Continued………. To know more about the report, visit @ https://www.reportsanddata.com/report-detail/geosynthetics-market Thank you for reading our report. For further inquiries or queries about customization, please get in touch with us. Our team will ensure the report you get is best suited to your needs. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Contact Us: John W Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Like it? Share it!More by this author |