Geosynthetics Market Size, Share & Trends Report

Geosynthetics Market Size, Share & Trends Analysis Report By Product (Geotextiles, Geomembranes, Geogrids, Geonets, Geocells), By Region (North America, Europe, APAC, MEA), And Segment Forecasts, 2020 - 2027

  • Published Date: Aug, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-501-4
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 143

Report Overview

The global geosynthetics market size was valued at USD 13.96 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2020 to 2027. Rapid infrastructure development in the emerging economies, such as India and Brazil, is anticipated to fuel the market growth over the forecast period. Lockdown measures imposed by the governing authorities to contain the spread of coronavirus are expected to take a toll on the respective economies and the impact is expected to evolve in the upcoming months, post neutralization of the virus. This, in turn, is expected to create uncertainty regarding the growth of the market in the next couple of years. Prevailing strict government protocols in the U.S. related to the application of geosynthetics for silt fence and sediment control to minimize erosion are anticipated to have a positive impact on market growth. Furthermore, the U.S. EPA has mandated the use of geosynthetics in landfills under the Resource Conservation and Recovery Act (RCRA).

The U.S. geosynthetics market size

According to the FAO, currently, over 30% of the soil has been eroded globally, which has resulted in land loss, slope instability, and loss in reservoir capacity due to silting. Rising awareness pertaining to the effectiveness of geosynthetics in controlling erosion through soil reinforcement and keeping the layers intact is projected to bolster market growth.

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

Extreme outflow losses from canals have amplified the 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.

Application Insights

Separation and stabilization functions of geotextile offer several advantages, including strength and durability of the expressways and highways. In addition, these products are incorporated in foundations for laying roads as they strengthen weak soil by holding it together, thereby enhancing the lifespan of the road infrastructure.

Geonets are witnessing high penetration in railroad construction on account of their ability to act as filters, separators, and facilitators in channelizing water through lateral drainage. In addition, they are used for the reinforcement of rail tracks for stress reduction, thus ensuring long-term efficient performance.

Geomembranes are increasingly used as waterproofing solutions and lining systems in railway infrastructures, such as rail tunnels, bridges, and terminals. Furthermore, infrastructure development in the emerging markets, such as India and Middle Eastern economies, due to rising construction spending by governments is likely to fuel market growth over the forecast period.

Geosynthetics are also used in the protection of groundwater owing to their cost-effectiveness, easy installation, and good hydraulic properties. Geomembranes and geocomposites (a combination of geotextiles and geonets) are incorporated as baseliners for preventing the migration of hazardous chemicals into the surrounding environment.

Product Insights

The geotextile product segment led the market and accounted for a 48.86% share of the global revenue in 2019. Geotextiles are used for the development of railway links on account of their ability to aid separation of soil layers from the subsoil without deterring the underground water circulation.

Geomembranes are estimated to expand at a CAGR of 4.4% in terms of revenue from 2020 to 2027 on account of rising awareness regarding the product’s application as floating covers for reservoirs to control evaporation, reduce the Volatile Organic Compounds (VOCs) emission, and minimize the demand for drainage and cleaning.

Global geosynthetics market share

Geogrids are increasingly used in railway and road infrastructure development for reinforcement of the structural base over soft soils on account of its exceptional bearing capacity. Moreover, geogrids are used in retaining walls for reinforcement of railway abutments and bridges. Thus, the aforementioned factors are expected to bolster the 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 the product in erosion control owing to its attributes of slowing down the surface runoff is likely to complement the segment growth.

Regional Insights

Asia Pacific dominated the market and accounted for over 41.0% share of the global revenue in 2019. Rising demand for oil reinforcement in the foundation work of residential buildings in the emerging economies of China and India is expected to drive the overall regional market over the forecast period.

Europe accounted for over 20.0% share of the global revenue in 2019 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 the municipal and industrial sectors.

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 the 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 is projected to be one of the emerging markets for geosynthetics during the forecast period. Increasing civil and commercial construction activities in the region, including the construction of stadiums and hotels, are likely to impact the demand for composite building materials, including geosynthetics, over the forecast period.

Key Companies & Market Share Insights

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. Furthermore, industry participants are entering into strategic agreements with raw material suppliers and equipment manufacturers to maintain an uninterrupted supply. 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. Some of the prominent players in the geosynthetics market include:

  • 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 2020

USD 14.22 billion

Revenue forecast in 2027

USD 21.61 billion

Growth Rate

CAGR of 5.6% from 2020 to 2027 (Revenue-based)

Market demand in 2020

7,879.0 million square meters

Volume forecast in 2027

12,353.9 million square meters

Growth Rate

CAGR of 6.1% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Volume in million square meters, revenue in USD million and CAGR from 2020 to 2027

Report coverage

Volume forecast, 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

The U.S.; Canada; Mexico; France; Germany; Italy; Spain; The U.K.; China; India; Japan; New Zealand; Australia; Malaysia; Thailand; Brazil; Saudi Arabia; United Arab Emirates; South Africa

Key companies profiled

TenCate; GSE Holdings, Inc.; NAUE GmbH & Co. KG; Officine Maccaferri S.p.A.; Low & Bonar PLC; Tensar International Corporation

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Segments Covered in the Report

This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global geosynthetics market report on the basis of product and region:

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

    • 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, 2016 - 2027)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • France

      • Germany

      • Italy

      • Spain

      • The U.K.

    • Asia Pacific

      • China

      • India

      • Japan

      • New Zealand

      • Australia

      • Malaysia

      • Thailand

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • United Arab Emirates

      • South Africa

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