GVR Report cover Geosynthetics Market Size, Share & Trends Report

Geosynthetics Market Size, Share & Trends Analysis Report By Product (Geotextiles, Geomembranes, Geogrids, Geonets, Geocells), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-501-4
  • Number of Pages: 145
  • Format: Electronic (PDF)

Geosynthetics Market Size & Trends

The global geosynthetics market size was estimated at USD 15.53 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2030. Rapid infrastructure development in emerging economies, such as India and Brazil, is anticipated to fuel market growth over the forecast period. Incorporation of geosynthetics entails sustainable development, a small volume of earthwork, low carbon footprint, and an increased rate of construction. The growth of the construction industry in Asia Pacific is expected to remain one of the key market drivers over the next seven years.

U.S. Geosynthetics Market size and growth rate, 2024 - 2030

The spread of pandemic disease globally has negatively impacted construction industry in 2020, as numerous projects were halted due to an imposition of lockdown by the governing authorities to contain the spread of coronavirus. The players operating in the market observed lower demand for new office spaces, and other infrastructure owing to the supply chain barrier.

Availability of raw materials such as polypropylene on account of a high prevalence of petrochemical complexes of companies including Chevron Phillips, ExxonMobil, Shell, and BP encourages market players for increased production. These factors are anticipated to drive overall demand for geosynthetic products in the U.S. Furthermore, the U.S. EPA has authorized the application of geosynthetic products in landfills under the Resource Conservation and Recovery Act (RCRA). As a result, product market is likely to witness a positive impact in the U.S.

Geotextiles are used as lining systems in construction of ponds, streets, embankments, and pipelines. In addition, these products are also for the development of railway networks considering their ability to facilitate separation of soil layers from subsoil without hindering underground water circulation.

Geonets and geocells play a key role in promoting vegetative growth and providing shore protection, in turn, preventing soil erosion. Moreover, ongoing soil preservation projects in various economies, including South Africa, Spain, Canada, and India, are expected to drive the overall market growth.

Extreme outflow losses from canals have amplified drainage concerns. Geosynthetics are highly effective in controlling seepage problems in irrigation and other development projects. In addition, they are used in the design and construction of low embankment dams, channels, and slope protection and in controlling seepage losses from channels and reservoirs.

Market Dynamics

Geosynthetic products, especially geomembrane, are utilized in the exploration and development of unconventional sources such as shale gas and tight oil to provide line storage and disposal basins for freshwater required during hydraulic fracturing. Geosynthetic also serves as a lining for backwater, a byproduct of the hydraulic fracturing process that contains a high quantity of salt and chemicals. Furthermore, due to product attributes such as superior chemical resistance and great stress crack resistance, geomembrane is utilized to line fracking chemical tanks and well pads during shale gas exploration and production. In recent years, hydraulic fracturing technology has played an important role in expanding the output of shale gas and tight oil in nations such as the United States and Canada.As a result, rising global shale gas output is likely to encourage the use of hydraulic fracturing, which is expected to boost demand for geomembrane in the near future.

However, geosynthetics are susceptible to being ripped if the overlying layer above gets displaced or is too shallow. This ripping may result in permanently damaging the sheet. These problems of blocking, clogging, and ripping may require frequent changing of geotextile sheets, thus, posing a challenging factor for the market growth.

Product Insights

Geotextiles led the market in 2023 with a revenue share of more than 48.43%. The segment dominated the market on account of their better performance and functional advantages over other materials. The synthetic fibers used in manufacturing geotextiles are made up of polypropylene, polyethylene polyester, and polyamide. However, natural geotextiles are gaining importance for short-term use or as temporary reinforcement due to rising awareness regarding their eco-friendly benefits, thereby complementing market growth.

Geomembranes are estimated to expand at a CAGR of 5.4% in terms of revenue from 2024 to 2030 considering the rising awareness regarding the product’s application as floating covers for reservoirs to control evaporation, reduce Volatile Organic Compounds (VOCs) emission, and minimize demand for drainage and cleaning. Polyvinyl chloride (PVC)-based geomembranes are witnessing increasing application on account of their properties such as high degree of flexibility, excellent elongation percentage, and reduced expansion coefficient.

Geogrids are increasingly used in railway and road infrastructure development for reinforcement of structural bases over soft soils on account of their exceptional bearing capacity. Moreover, geogrids are used in retaining walls for reinforcement of railway abutments and bridges. Thus, these factors are expected to bolster market growth over the forecast period.

Geonets are incorporated as separation media in the collection of landfill leachates, foundation wall systems in drainage, road, and pavement drainage systems, and methane gas collection. Furthermore, increasing penetration of product in erosion control owing to its attributes of slowing down the surface runoff is likely to complement segment growth.

Regional Insights

Asia Pacific dominated the market in 2023 with a revenue share of 42.91%. The rising demand for oil reinforcement in foundation work of residential buildings in the emerging economies of China and India is expected to drive overall regional market. Construction industry in developing regions, such as Asia Pacific, is anticipated to outperform compared to developed regions on account of increasing per capita income and rapid urbanization.

Europe accounted for a significant share owing to various construction directives, such as 89/106/EEC and M/107 European Union, which has mandated the application of geosynthetics for infrastructure projects. Furthermore, the German government imposed stringent regulations related to waste management practices in municipal and industrial sectors. Significant recovery of construction industry coupled with a rising penetration of geosynthetic products in this region is expected to drive the overall market growth.

Global Geosynthetics Market share and size, 2023

Increasing infrastructural activities in the developing economies of Central and South America, including Brazil, are likely to boost the use of geosynthetics over the forecast period. Rising usage of geosynthetics in water management practices is expected to boost regional market growth. The regional market is also driven by flourishing offshore oil and gas sector in Argentina, Venezuela, and Brazil.

The Middle East and Africa are projected to be emerging markets for geosynthetics during the forecast period. Increasing civil and commercial construction activities in this region, including the construction of stadiums and hotels, are likely to impact the demand for composite building materials, including geosynthetics. However, countries such as Saudi Arabia and the United Arab Emirates (UAE) have witnessed stable economic growth owing to growing construction & infrastructure sector. This growth is expected to positively influence the market in this region over the forecast period.

Key Companies & Market Share Insights

Key industry participants are entering into strategic agreements with raw material suppliers and equipment manufacturers to maintain an uninterrupted supply. Factors such as the expansion of manufacturing capacities in the developing economies of the Asia Pacific and the Middle East offer a competitive edge to the geosynthetics manufacturers.

Key players in the market are entering into agreements with emerging players to expand their distribution capacities, thereby increasing their market reach. In addition, companies are likely to establish partnerships with e-commerce portals to ensure that buyers have timely access to geosynthetic products.

Key Geosynthetics Companies:

  • GSE Holdings, Inc.
  • Koninklijke Ten Cate N.V.
  • Officine Maccaferri S.p.A.
  • NAUE GmbH & Co. KG
  • Propex Operating Company, LLC
  • Low and Bonar PLC
  • TENAX Group
  • Fibertex Nonwovens A/S
  • Global Synthetics
  • AGRU America
  • TYPAR
  • HUESKER Group
  • PRS Geo-Technologies
  • Tensar International Corporation
  • Solmax

Geosynthetics Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 16.51 billion

Revenue forecast in 2030

USD 24.59 billion

Growth rate

CAGR of 6.9% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

Report updated

November 2023

Quantitative units

Volume in million square meters, revenue in USD million/billion and CAGR from 2024 to 2030

Report coverage

Volume & revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Product, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; France; UK; Germany; Italy; Spain; China; India; Japan; New Zealand; Australia; Malaysia; Thailand; Brazil; Saudi Arabia; UAE; South Africa

Key companies profiled

GSE Holdings, Inc.; Koninklijke Ten Cate B.V.; Officine Maccaferri S.p.A.; NAUE GmbH & Co. KG; Propex Operating Company, LLC; Low and Bonar PLC; TENAX Group; Fibertex Nonwovens A/S; Global Synthetics; AGRU America; TYPAR; HUESKER Group; PRS Geo-Technologies; Tensar International; Solmax

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Global Geosynthetics Market Report Segmentation

This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global geosynthetics market report based on product and region:

Global Geosynthetics Market Report Segmentation

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

    • Geotextiles

      • By Raw Material

        • Natural

          • Jute

          • Others

        • Synthetic

          • Polypropylene

          • Polyester

          • Polyethylene

      • By Product

        • Woven

        • Non-woven

        • Knitted

      • By Application

        • Erosion control

        • Reinforcement

        • Drainage systems

        • Lining systems

        • Asphalt overlays

        • Separation & stabilization

        • Silt Fences

    • Geomembranes

      • By Raw Material

        • HDPE

        • LDPE

        • Ethylene Propylene Diene Monomer (EPDM)

        • Polyvinyl chloride (PVC)

        • Others

      • By Application

        • Waste management

        • Water management

        • Mining

        • Lining Systems

        • Others

      • By Technology

        • Extrusion

        • Calendering

        • Others

    • Geogrids

      • By Raw Material

        • HDPE

        • Polypropylene

        • Polyester

      • By Application

        • Road construction

        • Railroad

        • Soil reinforcement

        • Others

      • By Product

        • Uniaxial

        • Biaxial

        • Multi-axial

    • Geonets

      • By Raw Material

        • HDPE

        • MDPE

        • Others

      • By Application

        • Road construction

        • Drainage

        • Railroad

        • Others

    • Geocells

      • By Raw Material

        • HDPE

        • Polypropylene (PP)

        • Others

      • By Application

        • Earth reinforcement

        • Load support

        • Tree root protection

        • Slope protection

        • Others

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • France

      • Germany

      • UK

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • New Zealand

      • Australia

      • Malaysia

      • Thailand

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • UAE

      • South Africa

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