Geosynthetics are the materials that are widely used in various building & construction projects. These materials provide different attributes such as stabilization & reinforcement of the base, enhanced stress absorption capacity, subgrade separation, and others. Geosynthetics are also used in the construction of railway lines for improving stress propagation and to provide better stability to the structure. Governments of South Asian countries are investing profoundly in the expansion & development of the rail and road sector, which is expected to provide lucrative growth to the geosynthetics market in the South Asian Region.
Market Dynamics
Among countries, India is expected to gain the fastest growth in the market, in terms of revenue, in the forthcoming years. This is mainly due to the rise in the number of huge investments for infrastructural development in the country. According to IBEF, India will require investments worth US$ 777.73 billion for infrastructure activities by 2022, to have sustainable development in the country. India has attracted significant private equity and venture capital investments from international investors in recent past years.
Among applications, the South Asia geosynthetics market is bifurcated into roads (paved & unpaved), railways, retaining walls, dams, riverbanks, waterworks, landfill & erosion control, and others. Road and rail sectors accounted for a substantial market share in terms of revenue, in 2022 owing to increasing expansions of road & rail networks in developing nations.
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