Global Geosynthetics Market 2018-2022
Geosynthetics are products made from polymeric materials and are applied as key components in a structure or system to achieve engineering purposes. Certain basic functions of geosynthetics are separation, reinforcement, filtration, drainage, containment, barrier, surface erosion control, and protection; geosynthetic products are expected to provide one or more of these functions.
Technavio’s analysts forecast the global geosynthetics market to grow at a CAGR of 10.37% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global geosynthetics market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Geosynthetics Market 2018-2022
Technavio recognizes the following companies as the key players in the global geosynthetics market: Asahi Kasei Corporation, Koninklijke Ten Cate, Leggett & Platt, Low & Bonar, NAUE, and Officine Maccaferri.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of robust geomembranes. Geometrics are used in a wide variety of applications such as liners of waste and radioactive, and hazardous materials and water conveyance canals.”
According to the report, one driver in the market is rise in awareness about environmental protection. Environmental protection and sustainable development have emerged as important factors for many nations. More than 20 global environmental treaties have been signed, and hundreds of regional, bilateral agreements have been made to protect the environment.
Further, the report states that one challenge in the market is increased dependence on government authorization. The dependence on government authorization for certain projects hampers the demand for geosynthetics. Companies need prior government approval and other statutory approvals to undertake projects pertaining to the disposal and containment of industrial waste.
Asahi Kasei Corporation
Koninklijke Ten Cate
Leggett & Platt
Low & Bonar
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook