Geosynthetics Market Size By Product (Geotextile {By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir])}, By Product {Non-Woven, Woven, Knitted}, By Application {Road Construction, Erosion Control, Pavement Repair, Drainag

Geosynthetics Market may exceed USD 12 billion by 2024; according to a new research report.

Robust growth in construction activities along with increasing government initiatives towards new infrastructure development and improving road construction has boosted the demand for lightweight and highly durable materials which is expected to drive geosynthetics market growth. These products are designed to enhance the physical properties of soil and offer effective chemical resistivity, low permeability which strengthens the barrier properties of soil and enhances its use in mining, agriculture, waste water management and transportation applications.

Geotextile market is likely to surpass USD 8 billion during the forecasted time period pertaining to the increasing use of product in various construction & industrial operations such as mining and rising government regulations towards the use of certain metals & plastics. These products are less prone to decay under chemical processes, provide reinforcement to soil and keep the layers intact which improves soil stability and thus enhances its penetration in erosion control, drainage systems and road construction which are the key attributes augmenting product demand.

North America geosynthetics market shall record gains at over 4.5% upto 2025 owing to the rapidly growing mining industry which has fueled the demand for premium quality drainage systems and solid waste facilities owing to increasing concerns towards environment protection in the region. Stringent government regulations concerning water contamination and increasing adoption of modern mining operations have enabled the use of high performance, eco-friendly polymers which is likely to induce the regional growth.

Asia Pacific geosynthetics market growth is expected to surpass USD 3.5 billion during the forecast timeframe owing to increasing urbanization in the region which has significantly boosted the demand for new residential & commercial buildings in the region. Rising demand for high performance materials in construction activities to enhance durability, strength and reduce maintenance cost of buildings is likely to have a positive impact on product demand. Rise in construction projects and increasing research & development activities have enabled innovations in raw material manufacturing which shall escalate the market growth.

Major industry participants include GSE Holding, TENAX, Techfab India, Lamifab Industries, Koninklijke Ten Cate B.V. and Huesker Synthetic. Manufacturers are focused in expanding their manufacturing capacity and enhancing research & development activities to satisfy rising consumer demand which is expected to stimulate the product demand.