[FURL=https://www.industryarc.com/Research/Geosynthetics-Market-Research-500358?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Geosynthetics Market[/FURL] Geosynthetics Market size is forecast to reach US$14.6 billion by 2026, after growing at a CAGR of 8.1% during 2021-2026. Geosynthetics are materials made from various types of polymers, used with geological materials like soil, rock, and more, to enhance, improve or modify the behavior of various civil engineering works. Geosynthetics are used for soil erosion control by improving the slope stability of hillsides, embankments, and river and stream banks. Some of the prominent trends that the geosynthetics industry is seeing is the rising demand for geosynthetics products for infrastructural development projects, especially in developing economies.Key Takeaways
Asia-Pacific region dominates the geosynthetics market, owing to the increasing infrastructural development projects across the nations. According to the Government of India, the UDAN scheme by the Government of India intends to construct over 100 airports by 2025.
According to the Food and Agriculture Organization of the United Nations, currently at the global level over 30% of the soil has been eroded, this has resulted in land loss, and slopes are becoming unstable due to erosion. As a result of this, there has been an increased demand for geosynthetics materials to maintain the stability of the soil and also reducing erosion.
Also, the favorable government policies and growing need for research and development activities for the geosynthetics market has resulted in the improved standards of production and also keeping in view controlling of environmental pollution, because of this the geosynthetics industry will see further growth.
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Geosynthetics Market Segment Analysis – By Geography
Asia-Pacific region is the dominating region as it holds the largest share in the geosynthetics market in 2020 up to 41.9%, owing to the growing infrastructural development projects such as building, roads, railroads, and also increased use of geosynthetics in the other sectors such as agriculture, environment, water management, and other sectors. Countries like India, China, and Singapore are emerging markets due to economic reforms, infrastructural development, and rising per capita income. “100 Smart Cities Project”, “Bharatmala Project”, “Housing for All by 2022”, “Dedicated Freight Corridors”, and “Narmada Valley Development Project” are some of the ongoing Indian government projects.
Geosynthetics Market Drivers
Rapid Development in the Construction Industry
Government Support
Geosynthetics Market Landscape
Major players of the geosynthetics market are TenCate, GSE Holdings, Inc., NAUE GmbH & Co. KG, Texas Spa, Fibertex Nonwovens A/S, Tensar International Corporation, HUESKER, Strata Systems Inc., AGRU America Inc., SKAPS Industries
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