The National Ground Water Assn. (NGWA) announced that ...
Asia-Pacific has emerged the most dominant region in terms of volume and value
The report, "Geosynthetics Market by Types (Geotextile, Geomembrane, Geogrid, Geofoam, Geonet), Applications (Road Industry, Railroad Stabilization, Water Management, Waste Management, Mining, Soil Reinforcement, Erosion Control) & Geography - Global Trends & Forecasts to 2018," defines and segments the global geosynthetics market with analysis and forecasting of the global consumption value.
Geosynthetics application in the transport sector has increased tremendously, as it increases the strength and stability of the underlying soil in roadway and railway tracks. Geosynthetics are largely manufactured from the polymeric materials, which retain their properties when exposed to harsh environmental conditions. Thus, geosynthetics demand in the environmental projects (safe disposal of general waste, hazardous waste, and industrial waste) will continue to grow from both developed and emerging markets.
The global geosynthetics market, by volume, is led by geotextiles, with a 67% share in 2012. The demands for the same are estimated to grow at a CAGR of 8.9% from 2013 to 2018. Geomembrane was the second largest geosynthetic type, both in terms of revenue and volume in 2012.
Asia-Pacific has emerged the most dominant region, both in terms of volume and value, marginally ahead of North America, and followed by Europe and rest of world. The U.S. and China are likely to remain major markets for the geosynthetics, while developing economies such as India, South Africa, Brazil, Malaysia, Indonesia, etc. will fuel the future growth. The major players of geosynthetics include FiberWeb PLC (U.K.), Low & Bonar PLC (U.K.), Propex Global (U.S.), GSE Environmental (U.S.), and Agru America (U.S.).
The global geosynthetics market is estimated to reach 18 billion by 2018, growing at a CAGR of 11.9% from 2013. The high demand of geosynthetics from the transport industry (road and railway), and containment sectors (waste management and water management) will boost future growth.
The geosynthetics demand, in terms of value and volume, depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of leading global companies. In addition to this, 21 key players in the market have also been profiled.