Geosynthetics Market Size To Reach USD 14.57 Billion In 2028
VANCOUVER, BC, September 21, 2021 / PRNewswire / – Global Geosynthetics Market Size Has Reached $ 9.44 billion in 2020 and is expected to register a significantly robust revenue CAGR over the forecast period, according to the latest analysis from Emergen Research.
The continued construction and expansion of road and rail networks in various countries of the world, rapid urbanization in developing countries, as well as the increasing use of geosynthetics in such projects are key factors that are expected to continue to boost the market revenue growth over the forecast period. Geosynthetics are widely used for filtration in road construction works in developed countries. Geosynthetics are also currently more widely used for erosion control, roadside drainage, and soil stability under retaining walls. Sustained developments in building and non-building construction activities and projects are also expected to continue to drive the demand for geosynthetics in non-transportation construction activities, as they can reduce maintenance costs and extend facility life. .
The cost and availability of raw materials are crucial factors influencing the price of geosynthetic products. The majority of geosynthetic raw materials, including polyethylene, polypropylene and PVC, are vulnerable to the volatility of crude oil prices. The cost of raw materials used in the production of geosynthetics is directly affected by the price of crude oil, which is expected to hamper the growth of the market to some extent during the forecast period.
Click here for a free sample PDF copy of the [email protected] https://www.emergenresearch.com/request-sample/820
The global geosynthetics market revenue is expected to register a CAGR of 5.8% and the market size to grow from $ 9.44 billion in 2020 at $ 14.57 billion in 2028. The robust revenue growth in the market is driven by increased investment in infrastructure and company concerns about improvements in waste management and the deployment of more efficient materials and solutions. Rising global population and rapid urbanization are also key factors that are expected to further propel the market growth during the forecast period.
COVID-19 impact analysis:
The global construction sector has been disrupted by the COVID-19 outbreak, with projects halted due to blockages, resulting in a lack of manpower, limited availability of raw materials, disruption of supply and temporary closures of construction projects. Businesses have reported declining demand for new workspaces, stores and other facilities, resulting in reduced revenues. The construction industry in United States has been strongly affected by a shortage of raw materials, as imports from other countries, including China, have been limited due to the pandemic.
Current trends and innovations:
As mining companies continue to realize the economic and technological benefits of using geosynthetics, the use of geosynthetics in mining operations continues to increase as more entrepreneurs look to deploy this. solution in various countries every year. Highly efficient, space-saving barriers and stronger access roads have been made possible through the deployment of geosynthetic solutions. The increasing use of geosynthetics in mining operations is expected to continue to drive the market growth in the near future.
Make a payment [Buy your Exclusive copy]@ https://www.emergenresearch.com/select-license/820
Europe is expected to register steady revenue growth over the forecast period due to the growing awareness of environmentally friendly construction. Infrastructure development in Europe is expected to be stimulated by the growing demand for more affordable housing, the increase in housing projects and the need for expansion in urban areas. The need for infrastructure improvements has grown as environmental considerations and awareness of increasing carbon emissions have grown significantly in the recent past. Governments of various countries have taken steps to support green construction, which is expected to boost market income growth in Europe.
Some large companies operating in the market include Berry Global, Inc., Agru America, Inc., Solmax International Inc., Officine Maccaferri SpA, NAUE GmbH & Co. KG, Contech Engineered Solutions LLC, Low & Bonar plc, Propex Operating Company LLC , Tensar International Corporation and HUESKER Group
- In April 2021, Solmax International Inc. announced the expansion of its advanced production capabilities at its geosynthetics plant in Rechlin, Germany, to fabricate Polyethylene Interlock, PolyLock, as well as LL / HDPE Extruded Concrete Anchor Strips that allow engineers and technicians to safely and reliably place and fix Solmax geomembranes to wet concrete.
Consult the report description and the market table of contents [email protected] https://www.emergenresearch.com/industry-report/geosynthetics-market
Emergen Research has segmented the Global geosynthetics based on type, material, function, application and region:
- Type Outlook (Volume Million Square Meters, Turnover, Billions USD; 2018-2028)
- Material Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
- Outlook Function (Volume Million Square Meters, Turnover, Billions USD; 2018-2028)
- Protection (Cushion)
- Barrier / Containment
- Erosion control
- Application Outlook (Volume Million Square Meters, Revenue, $ Billion; 2018-2028)
- Water Management
- Waste Management
- Civil construction
- Transport infrastructure
Take advantage of a limited time discount on the geosynthetics market [email protected] https://www.emergenresearch.com/request-discount/820
- Regional Outlook (Volume Million Square Meters, Revenue, USD Billion; 2018-2028)
- North America
g. Rest of Europe
- Asia Pacific
D. South Korea
e. Rest of the APAC
- Latin America
b. Rest of LATAM
- Middle East & Africa
a. Saudi Arabia
b. United Arab Emirates
vs. South Africa
e. Rest of the MEA
Explore similar reports offered by Emergen Research:
The global insulating glass window market size has reached $ 12.65 billion in 2020 and is expected to register a CAGR of 4.5% during the forecast period. The market revenue growth is mainly driven by the major initiatives and activities of the construction industry in developing countries.
The size of the global arms and ammunition market has been estimated at $ 24.30 billion in 2019 and should reach $ 35.63 billion by 2027 to a CAGR of 4.8%.
The size of the global ammunition market has been estimated at $ 19.65 billion in 2019 and should reach $ 28.81 billion by 2027 to a CAGR of 4.8%.
The size of the global small arms market has been estimated to be $ 11.86 billion in 2019 and should reach $ 17.39 billion by 2027 to a CAGR of 4.8%.
The size of the global small arms market is expected to reach $ 10.32 billion in 2028 and register a CAGR of 2.3% during the forecast period. The increase in terrorist activity and cross-border security threats and gun violence, along with burglaries and burglaries are key factors in the growth of the market revenue.
The global industrial control systems security market size has been estimated to be $ 15.24 billion in 2019 and should reach $ 25.12 billion by 2027 at a CAGR of 6.9%. The industrial control systems security market is expected to grow significantly during the forecast period owing to the increasing use of IoT and industrial automation technologies.
About Emergen Recherche
Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal of locating, targeting and analyzing changes in consumer behavior across demographics and industries, and helping customers make smarter business decisions. We offer market research ensuring relevant and evidence-based research across multiple industries including health, touchpoints, chemicals, types, and energy. We are constantly updating our research offerings to ensure that our clients are up to date with the latest trends that exist in the market. Emergen Research has a solid base of experienced analysts from various fields of expertise. Our industry experience and our ability to develop a practical solution to any research problem gives our clients the opportunity to gain an edge over their respective competitors.
Business Sales Specialist
Emerging research | Web: www.emergenresearch.com
Direct line: +1 (604) 757-9756
E-mail: [email protected]
Discover our personalized intelligence services | Growth consulting services
Facebook | LinkedIn | Twitter | Blogs
Read the full press [email protected] https://www.emergenresearch.com/press-release/global-geosynthetics-market
SOURCE Emerging research