Geosynthetics Market Size, Share & Trends Analysis Report By Product (Geotextile, Geomembrane, Geogrid), By Region (North America, Europe, Asia Pacific, MEA), And Segment Forecasts, 2022 - 2030

Report Overview

The global geosynthetics market size was valued at USD 13.80 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. Rapid infrastructure development in emerging economies, such as India and Brazil, is anticipated to fuel the market growth over the forecast period. The COVID-19 pandemic has negatively impacted the construction industry in 2020, as numerous projects were halted due to the imposition of lockdown by the governing authorities to contain the spread of the virus. The players operating in the market observed lower demand for new office spaces and other infrastructure owing to supply chain barriers.

The availability of raw materials, such as Polypropylene(PP), on account of the high prevalence of petrochemical complexes of companies including Chevron Phillips, ExxonMobil, Shell, and BP encourages market players for increased production. The aforementioned factors are anticipated to drive the demand for geosynthetic products in the U.S. over the forecast period. Geotextiles are used as lining systems in the construction of ponds, streets, embankments, and pipelines. In addition, these products are also used for the development of railway networks as they facilitate the separation of soil layers from the subsoil without hindering the underground water circulation.

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.

Product Insights

The geotextiles product segment led the market in 2021 and accounted for more than 48.5% share of the global revenue. The segment dominated the market on account of its better performance and functional advantages over other materials. The synthetic fibers used in manufacturing geotextiles are made up of PP, polyethylene polyester, and polyamide. Geomembranes are estimated to expand at a steady CAGR, in terms of revenue, from 2022 to 2030 on account of the 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 their 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. The 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 in 2021 and accounted for the largest share of more than 41.8% of the global revenue. The 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 a significant share owing to various construction directives, such as 89/106/EEC and M/107 European Union, which have 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 product usage in water management practices is expected to boost the regional market growth. The regional market is also driven by the flourishing offshore oil and gas sector in Argentina, Venezuela, and Brazil. Middle East and Africa is an emerging market for geosynthetics. Increasing civil and commercial construction activities in the region, including the construction of stadiums and hotels, are likely to fuel the demand for composite building materials, such as geosynthetics, 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. Some prominent players in the global 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 Corp.

• Solmax

Geosynthetics Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global geosynthetics market report based on product and region:

• Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 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, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • U.K.

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • New Zealand

    • Australia

    • Malaysia

    • Thailand

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa