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Geocomposites Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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Request Now !Geocomposites Market Analysis 2020-2027:
Geocomposites are planetary sheets that contain one or several layers of geosynthetic materials, including geomembrane, geotextile, geonate, and geogrid. They are used to improve operations and increase penetration speed. They can be used in a number of applications due to properties such as separation, reinforcement, filtration, drainage, and liquid barrier. It is used to increase the strength and stability, and can also be utilized to increase road life and cost effectiveness for the road industry. In addition, it provides stabilization and reinforcement to railway track.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application, Industry Vertical, Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Thrace Group, Leggett & Platt, Inc., TenCate Geosynthetics, GSE Environmental, ABG Limited, HUESKER, Officine Maccaferri Spa, Terram Geosynthetics Private Limited, SKAPS Industries, and Tenax |
COVID-19 scenario analysis:
The demand of geocomposites has affected in a negative way due to the outbreak of COVID-19 in the major manufacturing like- India and China. The production has been stopped or slowed down for maintaining social distancing among workers, engineers and staffs.
The construction industry was also badly affected due to COVID-19 and this has further affected the geocomposites market. Cost of raw material is also expected to increase followed by dispirancy in the supply chain industry.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The market growth witnessed in the last few years in the construction industry and several cleaning projects initiated by governments are expected to increase the demand for geocomposites, especially in developing countries across the globe. The development of infrastructure, appropriate government regulations, economic & eco-friendly legislation, and the need for affordable alternatives are expected to drive the growth of the geocomposites market over the forecast timeframe. Furthermore, strong construction activities and widespread use of rail & road development products are expected to bolster the market growth of geocomposites. In addition, increase in water contaminants and installations is one of the major ways to grow the industry.
However, lack of implementation of quality control processes in landfill, highways, roads, and soil stabilization across emerging economies can serve as a restraining factor to the industry growth.
Regional outlook
The overall growth of the market is dominated by North America. Regional growth is increasing due to expansion of construction and infrastructure activities in countries such as the U.S. In addition, huge government spending to improve rail & road infrastructure, flyovers, tunnels, and bridges in China and India also foster the market growth. Asia-Pacific is projected to encounter the fastest growth in the market. The rising demand for geocomposites in developing countries and increase in investment by governments on infrastructural projects are responsible for the growth of geocomposites in the Asia-Pacific market. Increase in infrastructure, growing construction sector, and the widespread use of geocomposites in road & rail infrastructure projects are the major contributors to the growth of the global geocomposites market.
Market participants:
The key market players analyzed include Thrace Group, Leggett & Platt, Inc., TenCate Geosynthetics, GSE Environmental, ABG Limited, HUESKER, Officine Maccaferri Spa, Terram Geosynthetics Private Limited, SKAPS Industries, and Tenax.
Key segments covered:
Segments | Sub-segments |
Type |
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Application |
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Industry Vertical |
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Key benefits of the report:
- This study presents the analytical depiction of the global geocomposites market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global geocomposites market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global geocomposites market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the geocomposites market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
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- Supplies authentic information about market size, share, growth and forecasts
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