Worldwide Geosynthetics Industry to 2026 - Growing Demand from Infrastructure in Asia-Pacific is Driving the Market - ResearchAndMarkets.com

The "Geosynthetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The geosynthetics market is expected to grow at a CAGR of over 9% during the forecast period.

Companies Mentioned

• ACE Geosynthetics
• ACH Foam Technologies
• Agru America Inc.
• Avintiv Inc. (Berry Global Inc.)
• Belton Industries Inc.
• Bonar Corporation
• Carthage Mills
• CETCO (Minerals Technologies Inc.)
• Contech Engineered Solutions LLC (A Quikrete Company)
• DowDuPont
• Geo-Synthetics LLC
• GSE Environmental
• Hanes Geo Components (Leggett & Platt Inc.)
• Huesker Synthetic GmbH
• Huifeng Geosynthetics
• Jinan GTM Building Materials Co. Ltd
• Kaytech Engineered Products
• Low & Bonar PLC
• NAUE GmbH & Co. KG
• Officine Maccaferri Spa
• Presto Geosystems
• Propex Operating Company LLC
• Royal Ten Cate
• SKAPS Industries
• Solmax International Inc.
• Strata Systems Inc.
• Tenax Group
• Tensar Corporation
• TERRAM
• Tessilbrenta SRL
• TMP Geosynthetics

Key Market Trends

Geomembranes to Dominate the Market

• Geo-membranes are thin, impervious sheets of polymeric material used primarily in landfill lining, canal lining, and tunnel lining applications. They are used in landfills, reservoirs, canals, and other types of containment facilities, serving as a barrier from waste containment.
• They are largely used in geotechnical, transportation, mining, agricultural, roads and highways, and various water containment applications.
• Increasing adoption of geo-membranes in wastewater management applications has largely increased the consumption of geo-membranes, in the past few years.
• The mining industry constitutes to be one of the fastest-growing industries for the consumption of geo-membranes, due to its properties, such as low permeability, high chemical resistivity, high-temperature resistivity, high tensile strength and elongation, high puncture resistivity, high durability, and high interface friction, making it highly suitable. These include chemical resistivity, UV resistivity, elevated temperature range, and low permeability.
• The demand for geo-membrane is also increasing in canal lining applications, due to the growing need for efficient usage of water and the remediate groundwater levels. Various countries in Asia-Pacific, such as China, India, and Uzbekistan, are generating the largest demand for geo-membranes to be used in the canal lining application.
• Asia-Pacific is expected to be the fastest growing geo-membrane market over the forecast period, facilitated by the booming infrastructure industry in emerging economies of the region. Countries, such as India, China, Thailand, and Indonesia, comprise of the key markets for geo-membranes in Asia-Pacific.

India to Lead the Market Growth

• India is a growing economy and holds great potential for future market opportunities. The country witnessed a decline in its GDP to 5% in the quarter ending June 2019 - its lowest in five years, from 7.1% in 2018. The stagnation caused in the industrial output, greenfield investment, and flattened demand has led to a decline in the growth rate in the country. India's construction industry growth is estimated to have slowed to ~6.7% in 2019, according to data from the Ministry of Statistics and Programme Implementation.
• Moreover, the outbreak of COVID-19 and its subsequent entry into India have led to a halt of operations in many sectors in the country. Construction and infrastructure sectors are estimated to witness the largest declines in terms of growth and outputs, owing to the lockdown called by the government for a brief period.
• Infrastructure sector plays a vital role in the growth and development of the Indian economy. The government of India has been emphasizing on expanding the infrastructure sector through continuous budget allocations and promoting foreign direct investments (FDI) into the industry (as shown in the graph). To augment India's infrastructure, the government has launched USD 1.4 trillion infra projects besides providing about USD 240 billion for transport infrastructure, with focus on infrastructure for economic development and 6,500 projects across sectors under National Infrastructure Pipeline (NIP) envisions ease of living for citizens. These new projects will include housing, safe drinking water, access to clean and affordable energy, health-care, educational institutes, railway stations, airports, bus terminals, metro and railway transportation, logistics and warehousing, irrigation projects, etc.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from Infrastructure in Asia-Pacific

4.1.2 Growing Concerns Regarding Environmental Protection

4.1.3 Increasing Usage in Mining Activity

4.2 Restraints

4.2.1 Impact of COVID-19 Pandemic

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Material

5.2 Type

5.3 Function

5.4 Application

5.5 Geography

5.5.1 Asia-Pacific

5.5.2 North America

5.5.3 Europe

5.5.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Expected Increase in Usage Green Roof and Green Wall Construction

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005274/en/