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2021

Geosynthetics Market

Geosynthetics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Geotextiles, Geomembranes, Geogrids, Geocomposites, Geonets, and Others), and End-use Industry (Water/Wastewater Management, Transportation Infrastructure, Civil Construction and Mining, Energy, and Others.): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Ashwin Ponnappan| Pratik Mandon | Eswara Prasad
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Geosynthetics Market Research, 2030

The global geosynthetics market was valued at $13.2 billion in 2020, and is projected to reach $37.9 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030.

Geosynthetics constitutes natural or polymeric material used with soil, rock or any other related building materials. Various types of geosynthetics are developed and produced globally. Geotextiles, geogrids, geonets, geocells, geomembranes, and geocomposites are some of the major types of geosynthetics. 

Infographics_Global Geosynthetics Market, 2021-2030

The global geosynthetics market is expected to witness increased demand during the forecast period, majorly due to its demand from the wastewater and global infrastructure sectors. Expansion of highways and roadways will spike the demand for geosynthetics. In addition to the construction sector, the commissioning of new energy entities will boost the demand for geosynthetic materials. Geosynthetics have found a variety of applications such as reinforce soil walls in bridges, flyovers, roads and highways; drainage and erosion control in waste water treatment plants; landslide prevention and more. When used with the local sub graded soil, it significantly reduces the carbon footprint by 30%. Some of the major advantages of using geosynthetics include reduction in structural maintenance and increase in its shelf life. Geosynthetics have excellent flexibility and filtration characteristics that have enabled it to be used in a variety of applications. In addition, the quality of the material can be controlled as per the requirement, due to which prices can be controlled. The transportation sector is one of the biggest end-use areas of geosynthetic materials and will drive the growth of the geosynthetics market size significantly in the future. All the above factors drive the global geosynthetics market. 

The opportunities for geosynthetics in energy sector are also endless, namely from the oil, gas as well as nuclear energy. Due to increasing energy demand, more power plants will be commissioned in the coming years, thus making use of geosynthetic materials for soil stabilization and leakage protection. Moreover, geosynthetics are known to increase the lifespan of the structure and reduce maintenance costs over the longer run. Both these factors contribute to the cost effectiveness of geosynthetic materials, thus driving the market growth during the forecast period.

However, the prices of petroleum greatly influence the prices of synthetic fiber, thereby controlling the final price of geosynthetic materials. Rising crude oil prices will drive up petrochemical costs, in turn, increasing the price of plastics. Thus, any fluctuation in the crude oil prices will negatively impact the price of geosynthetics, this could hamper the global geosynthetics market growth during the forecast period. Geosynthetics majorly use plastics such as Polypropylene, Polyester, and Polyethylene. A shift toward recycled plastic will open a fresh product offering among various key players. For instance, Huesker has a line of geosynthetics based on recycled raw material. More such product developments will increase the sustainability of the market in the long run. 

The global geosynthetics market is segmented on the basis of type, application and region. Based on the type, the market is segmented into geotextiles, geomembranes, geogrids, geocomposites, geonets, and others. Applications include water/wastewater management, transportation infrastructure, civil construction and mining, energy, and others. 
Based on region, the global geosynthetics market is analyzed across North America, Europe, Asia Pacific, and LAMEA.

Key players engaged in the production of geosynthetics include AGRU, Freudenberg Group, HUESKER Group, Maccaferri S.p.A., NAUE GmbH & Co. KG, PRS Geo-Technologies, Schouw & Co., Solmax, TENAX Group, and Tensar International Corporation. 

Geosynthetics market, by region  

Asia-Pacific accounted for the largest market share in 2020, owing to the presence of various end users of geosynthetics such as wastewater treatment plants and civil infrastructure projects. 

Geosynthetics Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit highest CAGR of 13.3% during 2021-2030.

Geosynthetics market, by Type

Geomembranes accounted for the largest market share in 2020. Geomembranes are widely used for solid waste containment, mining as well as water containment in the wastewater, energy, and civil construction markets.

Geosynthetics Market
By Reactor Type
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Others segment is projected as the most lucrative segment.

Geosynthetics market, by application 

Water/wastewater management accounted for the largest market share in 2020, owing to the use of various types of geosynthetics to improve the process of storing and treating wastewater.

Geosynthetics Market
By Application
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Energy segment is projected as the most lucrative segment.

Key benefits for stakeholders

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current geosynthetics market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Geosynthetics Market Report Highlights

Aspects Details
Geosynthetics Market By Type
By Type
  • Geotextiles
  • Geomembranes
  • Geogrids
  • Geocomposites
  • Geonets
  • Others
Geosynthetics Market By Application
By Application
  • Water/wastewater Management
  • Transportation Infrastructure
  • Civil Construction and Mining
  • Energy
  • Others
Geosynthetics Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Geosynthetics Market By Key players in the global Geosynthetics market are:
By Key players in the global Geosynthetics market are:
  • AGRU
  • Freudenberg Group
  • HUESKER Group
  • Maccaferri S.p.A.
  • NAUE GmbH & Co. KG
  • PRS Geo-Technologies
  • Schouw & Co.
  • Solmax
  • TENAX Group
  • Tensar International Corporation.

Analyst Review

According to leading CXO’s, the global geosynthetics market is expected to witness increased demand during the forecast period, majorly due to its demand from the wastewater and global infrastructure sectors. Expansion of highways and roadways will spike the demand for geosynthetics. In addition to the construction sector, the commissioning of new energy entities will boost the demand for geosynthetic materials. Key players have been focusing on new product development. Using recycled plastic to make geosynthetic materials in one such development that could offer fresh opportunities for the global geosynthetics market during the forecast period.

Author Name(s) : Ashwin Ponnappan| Pratik Mandon | Eswara Prasad
Frequently Asked Questions?

Factors such as improvement in soil conditions and low cost are some of the key factors boosting the geosynthetics market growth

The geosynthetics market is projected to be valued at $37.9 billion by 2030.

AGRU, Freudenberg Group, HUESKER Group, Maccaferri S.p.A., NAUE GmbH & Co. KG, PRS Geo-Technologies, Schouw & Co., Solmax, TENAX Group, and Tensar International Corporation are some of the most established players in the global geosynthetics market

The energy segment is projected to increase the demand for geosynthetics market

The geosynthetics market is segmented based on type, application and region

Increasing use of geosynthetic materials in the construction and transportation market is the main driver of geosynthetics market

The use of geosynthetics in the energy segment are eexpected to drive the adoption of geosynthetics

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Geosynthetics Market

Global Opportunity Analysis and Industry Forecast, 2021-2030