Global Geosynthetics Market Report and Forecast 2024-2032

Global Geosynthetics Market Outlook

The global geosynthetics market attained a value of USD 15.99 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.10% to reach USD 27.29 billion by 2032.

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The Asia Pacific Accounts for a Significant Share of the Global Geosynthetics Industry

Geosynthetic products, such as geotextiles, geogrids, geonets, and geomembranes, are widely used as an essential component in landfills, filtration, erosion control, drainage, and civil construction projects. The cost-effectiveness, durability, and versatility of the product are bolstering its demand.  The market for geosynthetics in the Asia Pacific is driven by the rapid advancements in infrastructure activities, increasing funding by the government to support residential and commercial construction projects, rising population, and increasing disposable incomes. Additionally, the growth of the transportation and agriculture industries in the region is expected to further propel the market growth in the forecast period.

Geosynthetics Market Segmentation

Geosynthetics refer to natural or polymeric-based materials used with soil, rock, or other components to stabilise a terrain. Geosynthetics are extensively used in the building and construction industry to achieve engineering purposes. In addition to this, the material is strong and durable, and is widely adopted for various infrastructural development projects.

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By type, the geosynthetics industry is divided into:

• Geotextiles 
• Geomembranes 
• Geogrids
• Geonets
• Geocells
• Others

The market can be broadly categorised on the basis of application into:

• Water/Wastewater Management
• Transportation Infrastructure
• Civil Construction and Mining
• Energy
• Others

The EMR report looks into the regional markets of geosynthetics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Application of Geosynthetics in the Construction Industry to Boost the Growth of Market

The rising application of geosynthetics in the construction industry, owing to the rapid urbanisation, rising investments in the commercial and residential construction projects, and the expansion of manufacturing units, is driving the growth of the global geosynthetics industry. Geosynthetics are extensively utilised in applications like road construction, pavement repair, and railroads. Over the forecast period, the increasing inclination of engineers and architects towards utilising construction materials with superior mechanical properties, coupled with the increasing demand for aesthetically appealing polymers from the residential sector is anticipated to provide impetus to the market.  Moreover, geosynthetics are effective components in the agriculture industry as they prevent soil erosion, control the seepage problems in irrigation, and bolster the productivity. Hence, the growing expansion of the agriculture sector is likely to aid the market growth. Moreover, the favourable government policies to support the construction of green roofs and walls to prevent soil erosion and ensure the better management of the water drainage system are anticipated to further propel the market in the forecast period.

Key Industry Players in the Global Geosynthetics Market

The report presents a detailed analysis of the following key players in the global geosynthetics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Agru America Inc.
• Avintiv Inc.
• GEO NATPET
• HUESKER Synthetic GmbH
• Asahi Kasei Advance Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report