The global geogrids market is expected to grow owing to rising application base in the infrastructure sector due to increasing infrastructure development activities in emerging countries. Geogrids are also used for various applications in railway and road development activities, on account of reduced maintenance costs, time, and aggregate thickness of road and rail tracks. Geogrids have special properties such as minimal elongation with high tensile strength and tensile modulus which make them beneficial for soil reinforcement. Addition of geogrids to the soil or other geotechnical materials helps to create a composite material, where one element relies on the other element to form a complete system. Geogrids application provides extensive cost savings and decreased lifecycle costs compared to other structural materials. Geogrids are flexible structures and are thus used to reinforce and pave the foundation layer which helps in strengthening and expanding lifespan of infrastructural work. Geogrids popularity is expected to rise owing to high resistance to physical degradation and loss of rigidity caused by chemical aggressive environments. Special properties of the product such as lightweight, easy handling and high temperature stability are also anticipated to increase geogrids demand in the coming seven years. Geogrids find significant applications in transportation & civil construction, owing to increased efficiency and reduced costs, as compared to conventional materials. Geogrids are utilized for base and asphalt reinforcement over soft soils and also to reduce asphalt layer thickness for critical road and railway construction applications. Geogrids and geotextiles are increasingly being used together to perform functions such as separation, drainage, filtration, and protection. All of these applications are expected to drive the geogrid market over the forecast period.
Volatile polyester and polypropylene prices, on account of fluctuating crude oil prices are expected to hamper product demand. Lack of training and unskilled civil engineers & designers along with patent restrictions and typical product specifications is expected to hamper the geogrids market growth. Less expertise and R&D activities in under-developed countries are expected to reduce scope of geogrid application in these nations. However, increasing awareness regarding product advantages and rising demand for quality assured designs are anticipated to create opportunities for market participants over the forecast period. Rising geogrids applications in the oil and mining industry and increasing government initiatives encouraging product promotion are expected to foster geogrids market growth.
Geogrids are structured polymeric material made from high density polyethylene and polypropylene sheets by knitting or weaving and coating various high tenacity polymer yarns. Geogrids can be segmented into three categories such as ultrasonic, laser based, and flexible geogrid designs.
Asia Pacific is expected to witness the highest geogrids demand, owing to increasing infrastructural activities in emerging economies such as India and China. North America is also anticipated to perceive significant market growth on account of rising consumption from end-use industries. Geogrids application in increasing road and railway infrastructures in Europe is anticipated to drive the regional market. Promotional marketing strategies are being implemented to tap low penetrated markets in the Middle East and Africa
Market participants are carrying out extensive R&D activities to explore new geogrids applications to increase product demand in coming seven years. R&D is also being undertaken to develop innovative production process to replace composite materials with new raw materials. Custom fabrication (Rolls fabricated according to project requirement) is another initiative taken by market participants to increase product demand over the forecast period. Consumers are increasingly being educated to raise awareness regarding product advantages and applications to increase geogrids demand. Key players may conduct training programs for civil engineers and designers, to increase awareness regarding geogrids benefits as compared to other conventional materials.
Major geogrids market players operating in the geogrid market are Colbond Inc., Hueskar Inc., Strata Systems Inc., and Tensar International Corporation.
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