0
2020
Geogrid Market

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

A01331
Pages: 153
Apr 2020 | 11645 Views
Author(s) : Saurabh Dixit , Eswara Prasad
Tables: 63
Charts: 48
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Geogrid Market

Request Now !

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

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

Your browser does not support the canvas element.

Road Industry is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

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.

Get more information on this report : Request Sample Pages

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 & Key Market Players

Segments Sub-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, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Turkey, South Africa, Rest of LAMEA)
Key Market Players ACE GEOSYNTHETICS, GLEN RAVEN INC., HUESKER SYNTHETIC GmbH, LOW & BONAR PLC, MACCAFERRI GROUP - SECI SPA, NAUE GmbH & CO. KG, TENAX SPA, KONINKLIJKE TEN CATE BV, TENSAR CORPORATION, WREKIN PRODUCTS LTD.
 

Loading Table Of Content...


 
 

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.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

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.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Geogrid Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,995  $8,796
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers