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Geogrid Market by Application (Road Industry, Railroad Stabilization, Soil Reinforcement & Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A01331
Pages: 153
Apr 2020 | 5394 Views
 
Author(s) : Saurabh Dixit , Eswara Prasad
Tables: 63
Charts: 48
 

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Geogrid Market Outlook - 2026

The global geogrid market was valued at $0.8 billion in 2018, and is projected to reach $1.8 billion by 2026, growing at a CAGR of 9.9% from 2019 to 2026. Geogrid is a geosynthetic material used in the reinforcing of soils and other similar materials. It is majorly used in the reinforcement of retaining walls and subbases or subsoils. It improves the bearing capacity and decreases the deformability of the soil. There is an increase in the use of geogrid in the transportation and construction sectors across the globe. This surges the demand for geogrid products.

Increase in infrastructure development activities in the countries such as U.S., China, India, Japan, and others drives the growth of the global geogrid market. In addition, superior properties associated with geogrid such as light weight, easy handling, high temperature stability, and strong longevity of construction fuels the growth of the market across the globe. Furthermore, reduction in maintenance cycles and cost boosts the market growth. However, lack of skilled work force is the key factor that is expected to hamper the growth of the market during the forecast period. Increase in awareness and surge in number of R&D activities are the factors expected to create opportunity for the key players to maintain their position in the global geogrid market.

Geogrid-Market,-2019-2026

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The geogrid market is segmented into application and region. By application, the market is classified into road industry,  railroad stabilization, soil reinforcement, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific has the highest market share in terms of region. This is attributed to increase in demand for high speed rail transmission network and rise in demand from building construction and road industry .In addition, Asia-Pacific noted the highest growing rate in the geogrid market during the forecast period (2019-2026).

The global geogrid market analysis covers in-depth information of the major industry participants. Some of the major players in the market include ACE Geosynthetics, Glen Raven Inc., Huesker Synthetic GmbH, Low & Bonar PLC, SECI SpA, Naue GmbH & Co. Kg, Tenax SPA, Koninklijke Ten Cate B.V., Tensar, and Wrekin Products.

Other players operating in the value chain of the global geogrid market are Propex Operating Company LLC, Asahi-Kasei Geotech, Carthage Mills, Thrace, Pietrucha, and others.

Key players are adopting numerous strategies such as product launch and business expansion to stay competitive in the global geogrid market.

For instance, NAUE Group launched new geogrid products. These new product sare called Secugrid and Combigrid. These are used for stabilization and reinforcement applications. In addition, Tensar Corporation launched new geogrid products named EarthLock Hardscaping Geogrid, EarthLock Jobsite Geogrid, and EarthLock Retaining Wall Geogrid. Earth Lock product is designed to handle a problem faced by homeowners around the country. EarthLock Jobsite Geogrid is used for soft soil problem.

Global Geogrid Market, by Application

By application, the road industry segment has garnered the highest market share in the geogrid market in 2018 owing to the increase in demand for transportation facilities. In addition, the use of geogrid in road construction minimizes the maintenance cycles and cost, which fuels the growth of the global market.

Geogrid Market
By Application

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Road Industry is projected as the most lucrative segment.

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Global Geogrid Market, by Region

By region, Asia-Pacific dominated the highest market share in the geogrid market. This is owing to numerous factors such as huge consumer base, the rise in infrastructure development activities, increase in construction activities, and upgradation of infrastructural facilities in the region.

Geogrid Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit an CAGR of 10.1% during 2019-2026.

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Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global geogrid market from 2019 to 2026 to determine the prevailing opportunities
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth

Key Market Segments

By Application

  • Road Industry
  • Railroad Stabilization
  • Soil Reinforcement
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top Investment Pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porters five forces analysis
3.3.Value chain analysis
3.4.Patent analysis

3.4.1.By countries (2013-2019)

3.5.Parent peer market overview
3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Increase in the infrastructure development activities
3.6.1.2.Superior properties associated with geogrid
3.6.1.3.Reduction in maintenance cycles and cost

3.6.2.Restraint

3.6.2.1.Lack of skilled workforce
 

3.6.3.Opportunities

3.6.3.1.Increase in awareness and surge in number of R&D activities

CHAPTER 4:GLOBAL GEOGRID MARKET, BY APPLICATION

4.1.Overview

4.1.1.Market size and forecast by Application

4.2.Road industry

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by Region
4.2.3.Market share analysis, by country

4.3.Railroad stabilization

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by Region
4.3.3.Market share analysis, by country

4.4.Soil reinforcement

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by Region
4.4.3.Market share analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by Region
4.5.3.Market share analysis, by country

CHAPTER 5:GEOGRID MARKET, BY REGION

5.1.Overview

5.1.1.Market size and forecast by region
 

5.2.North America

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast by application
5.2.3.Market size and forecast by Country

5.2.3.1.U.S.

5.2.3.1.1.Market size and forecast by Application

5.2.3.2.Canada

5.2.3.2.1.Market size and forecast by Application

5.2.3.3.Mexico

5.2.3.3.1.Market size and forecast by Application

5.3.Europe

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast by Application
5.3.3.Market size and forecast by Country

5.3.3.1.Germany

5.3.3.1.1.Market size and forecast by Application

5.3.3.2.France

5.3.3.2.1.Market size and forecast by Application

5.3.3.3.Italy

5.3.3.3.1.Market size and forecast by Application

5.3.3.4.Spain

5.3.3.4.1.Market size and forecast by Application

5.3.3.5.UK

5.3.3.5.1.Market size and forecast by Application

5.3.3.6.Rest of Europe

5.3.3.6.1.Market size and forecast by Application

5.4.Asia-Pacific

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast by Application
5.4.3.Market size and forecast by Country

5.4.3.1.China

5.4.3.1.1.Market size and forecast by Application

5.4.3.2.Japan

5.4.3.2.1.Market size and forecast by Application

5.4.3.3.India

5.4.3.3.1.Market size and forecast by Application

5.4.3.4.South Korea

5.4.3.4.1.Market size and forecast by Application

5.4.3.5.Australia

5.4.3.5.1.Market size and forecast by Application

5.4.3.6.Rest of Asia-Pacific

5.4.3.6.1.Market size and forecast by Application

5.5.LAMEA

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast by Application
5.5.3.Market size and forecast by Country

5.5.3.1.Brazil

5.5.3.1.1.Market size and forecast by Application

5.5.3.2.Turkey

5.5.3.2.1.Market size and forecast by Application

5.5.3.3.South Africa

5.5.3.3.1.Market size and forecast by Application

5.5.3.4.Rest of LAMEA

5.5.3.4.1.Market size and forecast by Application

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.Introduction

6.1.1.Market player positioning, 2018

6.2.Top winning strategies

6.2.1.Top winning strategies, by year
6.2.2.Top winning strategies, by development
6.2.3.Top winning strategies, by company

6.3.Application matrix of top 10 player
6.4.Competitive dashboard
6.5.Competitive heatmap
6.6.Key developments

6.6.1.New product launches
6.6.2.Expansions

CHAPTER 7:COMPANY PROFILES:

7.1.ACE GEOSYNTHETICS

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Product portfolio

7.2.GLEN RAVEN INC.

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Product portfolio

7.3.HUESKER SYNTHETIC GmbH

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Product portfolio
7.3.4.Key strategic moves and developments

7.4.LOW & BONAR PLC

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Operating business segments
7.4.4.Product portfolio
7.4.5.Business performance

7.5.MACCAFERRI GROUP - SECI SPA

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Product portfolio
7.5.4.Business performance

7.6.NAUE GmbH & CO. KG

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio
7.6.4.Key strategic moves and developments

7.7.TENAX SPA

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio

7.8.KONINKLIJKE TEN CATE BV

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Product portfolio
7.8.5.Business performance

7.9.TENSAR CORPORATION

7.9.1.Company overview
 

7.9.2.Company snapshot
7.9.3.Product portfolio
7.9.4.Key strategic moves and developments

7.10.WREKIN PRODUCTS LTD.

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)49
TABLE 02.GEOGRID MARKET FOR ROAD INDUSTRY, BY REGION, 2018–2026 ($MILLION)51
TABLE 03.GLOBAL GEOGRID MARKET FOR RAILROAD STABILIZATION, BY REGION, 2018–2026 ($MILLION)54
TABLE 04.GLOBAL GEOGRID MARKET FOR SOIL REINFORCEMENT, BY REGION, 2018–2026 ($MILLION)57
TABLE 05.GLOBAL GEOGRID MARKET FOR OTHERS, BY REGION, 2018–2026 ($MILLION)60
TABLE 06.GLOBAL GEOGRID MARKET, BY REGION 2018–2026 (($MILLION)63
TABLE 07.NORTH AMERICA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)65
TABLE 08.NORTH AMERICA GEOGRID MARKET, BY COUNTRY 2018–2026 ($MILLION)66
TABLE 09.U.S. GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)68
TABLE 10.CANADA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)70
TABLE 11.MEXICO GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)72
TABLE 12.EUROPE GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)74
TABLE 13.EUROPE GEOGRID MARKET, BY COUNTRY 2018–2026 ($MILLION)75
TABLE 14.GERMANY GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)77
TABLE 15.FRANCE GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)79
TABLE 16.ITALY GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)81
TABLE 17.SPAIN GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)83
TABLE 18.UK GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)85
TABLE 19.REST OF THE EUROPE GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)87
TABLE 20.ASIA-PACIFIC GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)89
TABLE 21.ASIA-PACIFIC GEOGRID MARKET, BY COUNTRY 2018–2026 ($MILLION)90
TABLE 22.CHINA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)92
TABLE 23.JAPAN GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)94
TABLE 24.INDIA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)96
TABLE 25.SOUTH KOREA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)98
TABLE 26.AUSTRALIA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)100
TABLE 27.REST OF ASIA-PACIFIC GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)102
TABLE 28.LAMEA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)104
TABLE 29.LAMEA GEOGRID MARKET, BY COUNTRY 2018–2026 ($MILLION)105
TABLE 30.BRAZIL GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)107
TABLE 31.TURKEY GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)109
TABLE 32.SOUTH AFRICA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)111
TABLE 33.REST OF LAMEA GEOGRID MARKET, BY APPLICATION 2018–2026 ($MILLION)113
TABLE 34.KEY NEW PRODUCT LAUNCHES (2016-2019)123
TABLE 35.KEY EXPANSIONS (2016-2019)124
TABLE 36.ACE GEOSYNTHETICS: COMPANY SNAPSHOT125
TABLE 37.ACE GEOSYNTHETICS: PRODUCT PORTFOLIO126
TABLE 38.GLEN RAVEN: COMPANY SNAPSHOT128
TABLE 39.GLEN RAVEN: PRODUCT PORTFOLIO128
TABLE 40.HUESKER: COMPANY SNAPSHOT129
TABLE 41.HUESKER: PRODUCT PORTFOLIO130
TABLE 42.HUESKER: KEY STRATEGIC MOVES AND DEVELOPMENTS131
TABLE 43.LOW & BONAR: COMPANY SNAPSHOT133
TABLE 44.LOW & BONAR: OPERATING SEGMENTS133
TABLE 45.LOW & BONAR: PRODUCT PORTFOLIO134
TABLE 46.OVERALL FINANCIAL STATUS ($MILLION)135
TABLE 47.MACCAFERRI GROUP: COMPANY SNAPSHOT138
TABLE 48.MACCAFERRI GROUP: PRODUCT PORTFOLIO138
TABLE 49.OVERALL FINANCIAL STATUS ($MILLION)139
TABLE 50.NAUE GROUP: COMPANY SNAPSHOT140
TABLE 51.NAUE GROUP: PRODUCT PORTFOLIO141
TABLE 52.NAUE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS141
TABLE 53.TENAX: COMPANY SNAPSHOT142
TABLE 54.TENAX: PRODUCT PORTFOLIO143
TABLE 55.TEN CATE: COMPANY SNAPSHOT144
TABLE 56.TEN CATE: OPERATING SEGMENTS145
TABLE 57.TENCATE: PRODUCT PORTFOLIO145
TABLE 58.OVERALL FINANCIAL STATUS ($MILLION)146
TABLE 59.TENSAR: COMPANY SNAPSHOT148
TABLE 60.TENSAR: PRODUCT PORTFOLIO149
TABLE 61.TENSAR: KEY STRATEGIC MOVES AND DEVELOPMENTS150
TABLE 62.WREKIN: COMPANY SNAPSHOT152
TABLE 63.WREKIN: PRODUCT PORTFOLIO152

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS25
FIGURE 02.TOP INVESTMENT POCKETS32
FIGURE 03.MODERATE BARGAINING POWER OF SUPPLIERS35
FIGURE 04.HIGH THREAT OF NEW ENTRANTS36
FIGURE 05.HIGH THREAT OF SUBSTITUTES37
FIGURE 06.LOW COMPETITIVE RIVALRY38
FIGURE 07.HIGH BARGAINING POWER OF BUYERS39
FIGURE 08.VALUE CHAIN ANALYSIS40
FIGURE 09.PATENT ANALYSIS42
FIGURE 10.PARENT PEER MARKET OVERVIEW43
FIGURE 11.GEOGRID MARKET DYNAMICS44
FIGURE 12.GLOBAL GEOGRID MARKET REVENUE, BY APPLICATION ($MILLION)48
FIGURE 13.COMPARATIVE ANALYSIS OF GEOGRID MARKET FOR ROAD INDUSTRY, BY COUNTRY, 2018 VS 2026 ($MILLION)52
FIGURE 14.COMPARATIVE ANALYSIS OF GEOGRID MARKET FOR RAILROAD STABILIZATION, BY COUNTRY,  2018 VS 2026 ($MILLION)55
FIGURE 15.COMPARATIVE ANALYSIS OF GEOGRID MARKET FOR SOIL REINFORCEMENT, BY COUNTRY,  2018 VS 2026 ($MILLION)58
FIGURE 16.COMPARATIVE ANALYSIS OF GEOGRID MARKET FOR OTHERS, BY COUNTRY, 2018 VS 2026 ($MILLION)61
FIGURE 17.U.S. GEOGRID MARKET REVENUE (2018-2026) ($MILLION)67
FIGURE 18.CANADA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)69
FIGURE 19.MEXICO GEOGRID MARKET REVENUE (2018-2026) ($MILLION)71
FIGURE 20.GERMANY GEOGRID MARKET REVENUE (2018-2026) ($MILLION)76
FIGURE 21.FRANCE GEOGRID MARKET REVENUE (2018-2026) ($MILLION)78
FIGURE 22.ITALY GEOGRID MARKET REVENUE (2018-2026) ($MILLION)80
FIGURE 23.SPAIN GEOGRID MARKET REVENUE (2018-2026) ($MILLION)82
FIGURE 24.UK GEOGRID MARKET REVENUE (2018-2026) ($MILLION)84
FIGURE 25.REST OF EUROPE GEOGRID MARKET REVENUE (2018-2026) ($MILLION)86
FIGURE 26.CHINA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)91
FIGURE 27.JAPAN GEOGRID MARKET REVENUE (2018-2026) ($MILLION)93
FIGURE 28.INDIA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)95
FIGURE 29.SOUTH KOREA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)97
FIGURE 30.AUSTRALIA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)99
FIGURE 31.REST OF ASIA-PACIFIC GEOGRID MARKET REVENUE (2018-2026) ($MILLION)101
FIGURE 32.BRAZIL GEOGRID MARKET REVENUE (2018-2026) ($MILLION)106
FIGURE 33.TURKEY GEOGRID MARKET REVENUE (2018-2026) ($MILLION)108
FIGURE 34.SOUTH AFRICA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)110
FIGURE 35.REST OF LAMEA GEOGRID MARKET REVENUE (2018-2026) ($MILLION)112
FIGURE 36.MARKET PLAYER POSITIONING, 2018115
FIGURE 37.TOP WINNING STRATEGIES, BY YEAR, 2016–2019117
FIGURE 38.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)118
FIGURE 39.TOP WINNING STRATEGIES, BY COMPANY, 2016–2019119
FIGURE 40.APPLICATION MATRIX OF TOP 10 PLAYERS120
FIGURE 41.COMPETITIVE DASHBOARD121
FIGURE 42.COMPETITIVE HEATMAP OF KEY PLAYERS122
FIGURE 43.LOW & BONAR: NET SALES, 2016–2018 ($MILLION)135
FIGURE 44.LOW & BONAR: REVENUE SHARE BY SEGMENT, 2018 (%)136
FIGURE 45.LOW & BONAR: REVENUE SHARE BY REGION, 2018 (%)136
FIGURE 46.MACCAFERRI GROUP: REVENUE, 2016–2018 ($MILLION)139
FIGURE 47.TENCATE: REVENUE, 2016–2018 ($MILLION)146
FIGURE 48.TENCATE: REVENUE SHARE BY SEGMENT, 2018 (%)147

 
 

According to the perspectives of CXOs of leading companies, the popularity of geogrid is expected to witness a significant increase in both the developed and the developing economies during the forecast period in response to the increasing several infrastructural activities. Some of the factors such as increase in the infrastructure development activities, reduction in maintenance cycle & cost and superior properties associated with geogrid are driving the growth of the global geogrid market. However, lack of skilled workforce to handle or to design geogrid hampers the growth of the geogrid market globally. Amongst the several applications of geogrid, the road industry application currently holds the largest market share and is projected to maintain the same during the forecast period. According to the CXOs, the demand for geogrid is witnessing significant growth in all the regions, owing to its advantages such as easy handling, high tensile strength, light weight, and high temperature stability.

Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global geogrid market throughout the forecast period (2019-2026) followed by North America, Europe, and LAMEA. Asia-Pacific is expected to emerge as an attractive market during the forecast period because of the increase in the construction activities in the developing economies such as India, China, and others, and rising investment in the infrastructural developments.

 
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FREQUENTLY ASKED QUESTIONS?
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A. In terms of revenue growth, the CAGR of the global geogrid market is 9.9% by 2026.

A. Increase in infrastructure development activities, superior properties associated with geogrids and reduction in maintenance cycles and cost are the key factors anticipated to drive the geogrid market.

A. The potential customers of the geogrid market are transportation, power, construction, and others.

A. On the basis of application, the road industry segment will drive the growth of the geogrid market owing to the increase in road construction activities across the globe.

A. The applications of the geogrid market are road industry, soil reinforcement, railroad stabilization, landslides, and others.

A. Top players in the geogrid market are ACE Geosynthetics, Glen Raven Inc., Huesker Synthetic GmbH, Low & Bonar PLC, Maccaferri Group-SECI SpA, Naue GmbH & Co. Kg, Tenax SPA, Koninklijke Ten Cate B.V., Tensar, and Wrek in Products.

A. In terms of revenue, the market size of geogrid market is anticipated to reach $1.8 billion by 2026, growing at CAGR of 9.9% from 2019 to 2026.

A. The company profiles of the global geogrid market have been selected on the basis of in depth product portfolio, wide geographic reach, and key industry developments.

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