Geosynthetics Market Size

Global Geosynthetics Market Overview

Geosynthetics Market Size was valued at USD 12.62 billion in 2023. The Geosynthetics industry is projected to grow from USD 13.47 Billion in 2024 to USD 22.71 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.75% during the forecast period (2024 - 2032).

Terrain stabilization products are referred to as geosynthetics. Typically, polymeric goods are utilized to address civil engineering problems. These goods include geomembranes, geotextiles, geogrids, geonets, and geosynthetic liners. Polyester, polystyrene, polypropylene, polyvinyl chloride, and polyethylene are the materials used to make these goods. Many geotechnical and civil engineering applications, such as coastal engineering, dams, canals, retaining walls, railroads, reservoirs, embankments, airfields, and roadways, utilize geosynthetics systems. The last several years have seen a dramatic increase in demand for geosynthetics on the international market. The expansion of the construction sector is generally credited with driving the market's growth. Moreover, the market is expected to increase at a faster rate throughout the predicted period due to factors like industrialization, rapid urbanization, population expansion, and shifting demographics in both developing and developed nations.

Another important factor driving the market's expansion in the next years is the existence of numerous laws and regulations governing the use of geosynthetics to improve the safety of the infrastructure and level the terrain.

Geosynthetics Market Trends

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  Market Would Be Driven by Increasing Construction Industry

  
  

In order to improve drainage, strengthen infrastructure, control erosion, and ensure the longevity and safety of constructions, geosynthetic materials are used at various phases of the construction process. These components divide, strengthen, and stabilize the subgrade. Also, the base materials have the advantage of making construction more straightforward, extending the life of the road, and lowering future maintenance costs. Because they can withstand significant lateral deformations and vertical differential settlements, geosynthetics can help avoid accidents. To improve performance or thin out a permanent road, geotextiles or geogrid are utilized.

Geosynthetics Market Segment Insights

Geosynthetics Type Insights

The majority of the market is made up of geotextiles. The government's infrastructure investment and the growing use of geotextiles in construction applications such as railroads, highways, harbors, landfills, and drainage structures to improve soil stabilization will predict the industry's expansion. The use of geotextiles in the agriculture, road construction, drainage, and pavement repair industries has increased as people are becoming more aware of their functional advantages over conventional materials, such as flexibility, high tensile strength permeability, and superior load-bearing capacity.

They are frequently constructed from synthetic materials like PVC, polyethylene, or polypropylene, which, when correctly buried, can aid in stabilizing the soil and reducing erosion. Additionally, businesses like GSE Solmax provide environmentally friendly nonwoven geotextiles that are made of needle-punched, stable fiber made of polypropylene and are engineered primarily for soil stabilization, drainage, liner protection, filtration, and separation applications to meet the needs of the customers.

In June 2021, TenCate Geosynthetics, a supplier of industrial fabrics and geosynthetics based in the Netherlands, was purchased by SOLMAX. The company's capacity for innovation and reach is anticipated to grow as a result of the acquisition. Further business potential in containment and infrastructure applications for mining, transportation, energy, waste management, and civil engineering is anticipated to result from the acquisition.

In July 2020, Under the name Secutex Green, NAUE created the first biodegradable nonwoven geotextile product. For use in civil engineering, the product is made from organic and renewable elements.

Figure 1:  GEOSYNTHETICS MARKET, BY TYPE, 2022 & 2030 (USD BILLION)

Geosynthetics Regional Insights

Based on the results of our research approach, it is expected that North America will account for the greatest proportion of the geosynthetics market during the time frame. Significant metals including copper, silver, zinc, bauxite, and gold are in high demand, which has helped the U.S. mining industry expand and increase regional market demand. Most businesses are expanding projects connected to mineral exploration due to the rising demand for metal from the construction, automotive, and electronics industries. The need for geotextiles will be driven by quick industrialization and an increase in ongoing infrastructure projects. Growing technological development and strong R&D efforts have produced materials that require less maintenance, which will support regional industry demand.

Figure 2:  GEOSYNTHETICS MARKET, BY REGION, 2022 & 2030 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Geosynthetics Key Market Players & Competitive Insights

To increase their market share and presence, major players in the geosynthetics business are implementing methods like partnerships, new product launch & development, mergers & acquisitions, and agreements. In order to become more competitive, businesses are also expanding their current product lines. The majority of the geosynthetics market, however, is fiercely competitive and fragmented among small-scale, regional firms. Businesses are selling numerous geosynthetic products, such as geotextile, geogrids, geomembranes, geocomposites, and others that are utilised in a variety of end-use sectors. With an increase in the production of durable and cost-effective products, they are also focusing on improving product qualities like flexibility and permeability.

Key Companies in the Geosynthetics market includes

• Low & Bonar PLC (UK) – Bontec


• Tensar Geosynthetics Ltd (China)


• Thrace Group (Greece)


• Maccaferri S.p.A. (Italy) – MacDrain, MacMat, MacLine, MacNet


• Gorantla Geosynthetics Pvt Ltd. (India)


• Polymer Group Inc. (US)


• Geotrst Environmental Science Technology (China)


• NAUE GmbH & Co. KG (Germany)


• SKAPS Industries (US)


• ABG Ltd (UK)


• Texel Technical Materials, Inc. (US)

Geosynthetics Industry Developments

In December 2021: Propex, a well-known North American geosynthetics firm with a solid record in the construction, automotive, flood protection, and transportation industries, has been acquired by Solmax, the top geosynthetics manufacturer in the world.

In November 2021: Geogrid has been added to Industrial Plastics' extensive array of geosynthetic materials, the company revealed.

Geosynthetics Market Segmentation

Geosynthetics Type Outlook

• Geotextile


• Geomembranes


• Geogrids


• Geonets


• Others

Geosynthetics Material Outlook

• Polyethylene


• Polystyrene


• Polyvinyl Chloride


• Polyester


• Others

Geosynthetics Application Outlook

• Separation


• Reinforcement


• Filtration


• Drainage


• Barrier

Geosynthetics Regional Outlook

• North Americas
  
  
  
  • USA
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • Turkey
  
  
  • Israel
  
  
  • South Africa
  
  
  • GCC
  
  
  • Rest of MEA
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Mexico
  
  
  • Rest of LATAM