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).
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.
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.
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.
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.
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.
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
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 |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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
b. The global geosynthetics market size was estimated at USD 13,96 billion in 2019 and is expected to reach USD 14.22 billion in 2020.
b. The global geosynthetics market is expected to grow at a compounded annual growth rate of 5.6% from 2020 to 2027 to reach USD 21.61 billion in 2027.
b. Asia Pacific dominated the geosynthetics market with a share of 41.1% in 2019. This can be attributed to the increasing demand for soil reinforcement in the foundation work of residential buildings in the emerging economies of China and India.
b. Some key players operating in the geosynthetics market include GSE Holdings, Inc., NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Low & Bonar PLC, Tensar International Corporation, and TENAX Group.
b. Key factors driving the geosynthetics market growth include the rapid development in the construction industry in the emerging economies of Asia Pacific and Central & South America is anticipated to drive the market growth.
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The global construction industry once booming due to the residential and commercial construction in China and the U.S., has been affected by the suspension of the construction activities across the impacted economies. The construction industry in the U.S. is expected to take a major hit due to labor shortages and the lockdown imposed by the government during COVID-19, which is expected to be aggravated by the resulting supply chain issues and financing pressures due to the non-adherence to the completion times. The report will account for Covid19 as a key market contributor.