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Global Geogrids Market 2017-2021

About Geogrids

Geogrids are made of polymers and composites that are used to reinforce soil in road, railways, and other construction works. Widely used polymer materials in the manufacture of geogrids include polyesters, polyethylene (PE), polyvinyl alcohols (PVA), and others that are produced in a compact form and then stretched in sheets with grids. Geogrids offer high tensile strength by holding the walls of the structure. They (geogrids) extend the life of walls. Geogrids are used in walls over certain heights to firmly hold the structure and prevent failures. In addition, geogrids are used in pavements and runways as these materials distribute the load over a greater area and increase the strength of the base. Geogrids are generally made of high-density polyethylene (PE) and polypropylene (PP).

Technavio’s analysts forecast the global geogrids market to grow at a CAGR of 12.78% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global geogrids market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Geogrids Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Koninklijke Ten Cateas
  • Low & Bonar
  • NAUE
  • Officine Maccaferri
  • Strata Systems
  • ACE Geosynthetics
Other prominent vendors
  • Asahi Kasei Advance
  • Atarfil
  • Carthage Mills
  • CHANGZHOU CITY YONGXIN HUALI COATED FABRIC
  • Feicheng Lianyi Engineering Plastics
  • Leggett & Platt
  • HUESKER
  • Nanchang Teamgo New Materials
  • Nanyang Jieda Geosynthetics
  • Propex Operating Company
  • Shandong Hongxiang New Geo-Material
  • Synteen
  • TENAX
  • Taian Modern Plastic
  • Tensar International
  • Tai'an City Ruiheng Building Materials
Market driver
  • Increasing developments in roadways and railway infrastructure
  • For a full, detailed list, view our report
Market challenge
  • Fluctuation in prices of raw materials
  • For a full, detailed list, view our report
Market trend
  • Increasing mergers & acquisitions (M&As)
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Geogrids Market 2017-2021

Technavio recognizes the following companies as the key players in the global geogrids market: Koninklijke Ten Cateas, Low & Bonar, NAUE, Officine Maccaferri, Strata Systems, and ACE Geosynthetics.

Other Prominent Vendors in the market are: Asahi Kasei Advance, Atarfil, Carthage Mills, CHANGZHOU CITY YONGXIN HUALI COATED FABRIC, Feicheng Lianyi Engineering Plastics, Leggett & Platt, HUESKER, Nanchang Teamgo New Materials, Nanyang Jieda Geosynthetics, Propex Operating Company, Shandong Hongxiang New Geo-Material, Synteen, TENAX, Taian Modern Plastic, Tensar International, and Tai'an City Ruiheng Building Materials.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing mergers & acquisitions (M&As). The market is fragmented because of the presence of small regional manufacturers. Cost leadership and innovation help vendors remain competitive in the market. The key players acquire the small players to increase their market share and improve their global presence. M&A will help big players to exploit the emerging markets and improve their product portfolio according to the regional needs.”

According to the report, one of the major drivers for this market is Increasing developments in roadways and railway infrastructure. For the construction of roads, it is important to provide stability to the soil with sufficient bearing capacity. This can be achieved by using placing geogrids between the subsoil and base course. Geogrids reduce rutting as they distribute the load equally. They are a cost-effective and efficient method to design and construct roads. The global infrastructure is expected to increase from $4 trillion in 2012 to $8.7 trillion by 2024. Efficient infrastructure, such as well-connected roads, drives growth in the economy.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in prices of raw materials. Geogrids are made of synthetic polymers. In terms of volume, PP accounts for approximately 55% of the global geogrids market. It is used for construction purposes as it increases the lifespan. Since geogrids are made primarily of PP, fluctuations in the price of raw materials affect the cost of production of geogrids. Uncertainty in the availability of raw materials creates volatility in demand. Several vendors change the price of the product because of fluctuating prices of raw materials. Export and import of raw materials by countries also impact the price of products.

Companies Mentioned

Koninklijke Ten Cateas, Low & Bonar, NAUE, Officine Maccaferri, Strata Systems, ACE Geosynthetics, Asahi Kasei Advance, Atarfil, Carthage Mills, CHANGZHOU CITY YONGXIN HUALI COATED FABRIC, Feicheng Lianyi Engineering Plastics, Leggett & Platt, HUESKER, Nanchang Teamgo New Materials, Nanyang Jieda Geosynthetics, Propex Operating Company, Shandong Hongxiang New Geo-Material, Synteen, TENAX, Taian Modern Plastic, Tensar International, and Tai'an City Ruiheng Building Materials.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of geosynthetics
      • Table Types of geogrids by manufacturing method
      • Table Types of geogrids by shape
      • Table Some advantages of geogrids
  • Market landscape
    • Global geogrids market
      • Table Global geogrids market 2016 and 2021 ($ millions)
      • Table Global geogrids market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global geogrids market by application
      • Table Global geogrids market by application 2016 (% share of revenue)
      • Table Global geogrids market by application 2021 (% share of revenue)
      • Table Global geogrids market by application 2016-2021
    • Global geogrids market by roadways
      • Table Global geogrids market by roadways segment 2016 and 2021 ($ millions)
      • Table Global geogrids market by roadways 2016-2021
    • Global geogrids market by soil embankment and reinforcement
      • Table Global geogrids market by soil embankment and reinforcement segment 2016 and 2021 ($ millions)
      • Table Global geogrids market by soil embankment and reinforcement segment 2016-2021
    • Global geogrids market by railways
      • Table Global geogrids market by railways 2016 and 2021 ($ millions)
      • Table Global geogrids market by railways 2016-2021
    • Global geogrids market by others
      • Table Global geogrids market by others segment 2016 and 2021 ($ millions)
      • Table Global geogrids market by others segment 2016-2021
  • Geographical segmentation
    • Global geogrids market by geography
      • Table Global geogrids market by geography 2016 (% share of revenue)
      • Table Global geogrids market by geography 2021 (% share of revenue)
      • Table Global geogrids market by geography 2016 and 2021 ($ millions)
    • Geogrids market in APAC
      • Table Geogrids market in APAC 2016 and 2021 ($ millions)
      • Table Geogrids market in APAC 2016-2021
    • Geogrids market in Americas
      • Table Geogrids market in Americas 2016 and 2021 ($ millions)
      • Table Geogrids market in Americas 2016-2021
    • Geogrids market in Europe
      • Table Geogrids market in Europe region in 2016 and 2021 ($ millions)
      • Table Geogrids market in Europe 2016-2021
    • Geogrids market in ROW
      • Table Geogrids market in ROW 2016 and 2021 ($ millions)
      • Table Geogrids market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Price fluctuation of polypropylene
      • Table Key vendors and patent protection of geogrids
  • Market trends
    • Increasing mergers & acquisitions (M&As)
    • Adoption of natural geosynthetics
    • Increasing investments in research and development (R&D)
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in global geogrids market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Koninklijke Ten Cate
      • Table Koninklijke Ten Cate: Business segmentation 2016 (% share of revenue)
      • Table Koninklijke Ten Cate: Geographic segmentation by geosynthetics 2016 (% share of revenue)
      • Table Koninklijke Ten Cate: Business segmentation by geogrid products
      • Table Koninklijke Ten Cate: Geogrid product portfolio
      • Table Koninklijke Ten Cate: Recent developments
    • Low & Bonar
      • Table Low & Bonar: Business segmentation 2016 (% share of revenue)
      • Table Low & Bonar: Geographic segmentation 2016 (% share of revenue)
      • Table Low & Bonar: Geogrid product portfolio
      • Table Low & Bonar: Recent developments
    • NAUE
      • Table NAUE: Business segmentation 2016
      • Table NAUE: Business segmentation by end-users 2016
      • Table NAUE: Geogrid products
    • Officine Maccaferri
      • Table Officine Maccaferri: Geographic segmentation 2016 (% share of revenue)
      • Table Officine Maccaferri: Business segmentation by end-users 2016
      • Table Officine Maccaferri: Business segmentation by geogrid products 2016
      • Table Officine Maccaferri: Recent developments
    • Strata Systems
      • Table Strata Systems: Business segmentation by application 2016
      • Table Strata Systems: Geogrid product portfolio 2016
    • ACE Geosynthetics
      • Table ACE Geosynthetics: Business segmentation by application 2016
      • Table ACE Geosynthetics: Geogrids product portfolio 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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