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North America Geogrid Market by Type (Uniaxial and Biaxial) and Application (Road Industry, Rail Road Stabilization, Soil Reinforcement, and Others): North America Opportunity Analysis and Industry Forecast 2020–2027

A06646
Pages: 104
Jul 2020 | 208 Views
 
Author(s) : Yamini Parihar, Rutuja Danekar , Eswara Prasad
Tables: 37
Charts: 32
 

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The North America geogrid market size was valued at $282.0 million in 2019, and is anticipated to generate $408.3 million by 2027. The market is projected to experience growth at a CAGR of 7.0% from 2020 to 2027.

Geogrid is a type of geosynthetic material made from polymers such as polyester, polyethylene, polypropylene, and others. It is increasingly used in the civil applications as a reinforcing or stabilizing material. Retaining walls, dams, steep slopes, and other structures are the areas of soil reinforcements where geogrid is used. It can be used for stabilizing material in the pavements of the roads, railroads, and other areas. In addition, geogrid can also be used as a separator layer reducing the inclusion of the material into a soft sub-grade.

North-America-Geogrid-Market-2020-2027

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Increase in the demand from the construction and building infrastructure industry fuels the growth of the geogrid market. In North America, the U.S. is investing in upgrading the infrastructure, which results in the growth of the geogrid market in this region. In addition, Mexico transportation sector is growing at a significant rate, owing to increase in road construction activities. The use of geogrid in pavements, soil reinforcement, and road industry reduces the maintenance cost and cycles, which is the key factor that propels the growth of the geogrid market in this sector. Geogrid provides cost savings and reduced maintenance cycles as compared to other structural material, which increases the demand for geogrid products from the construction industry. As compared to metallic reinforced soil construction facing panels, geogrid is 30% to 50% cost-effective. Besides this, the maintenance cost associated with geogrid is almost negligible. This leads to increased adoption of geogrid material in soil reinforcement, railroad, and road construction applications. The cost-effectiveness associated with geogrid is anticipated to further drive its demand and its impact is expected to be significant on the market during the forecast period.

The North America geogrid market is segmented on the basis of type, application, and region. On the basis of type, the market is bifurcated into uniaxial and biaxial. By application, the market is segmented into road industry, rail road stabilization, soil reinforcement, and others. Based on country, the market is analyzed across the U.S., Canada, and Mexico.

Top players in the market are investing huge capital in R&D activities to develop enhanced products to cater to the current demands. Some of the major players in the geogrid market are Tensar Corporation, Carthage Mills, Properx Operating Company, Strata System, Maccaferri, Tdm Group, Tencate Geosynthetics, Synteen Technical Fabrics, Huesker US, and Layfield Group. Ltd. 

North America Geogrid Market
By Product type

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Biaxial is projected as the fastest growing segment

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North America Geogrid Market By Type 

By type, the biaxial segment dominated the market in 2019, and is projected to remain the fastest-growing segment. Biaxial geogrids find applications in paved and unpaved roads, industrial yards, foundation reinforcement, working platforms, and car parks. Such applications increase the demand for biaxial geogrids.

North America Geogrid Market
By Application

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Soil Reinforcement is projected as the fastest growing segment

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Geogrid Market, By Application

By application, the road industry segment accounted for around 36.8% of the North America geogrids market share. This is owing to increase in road construction projects across the region, which boosts the demand for geogrid to strengthen the pavement support layers. Pavement support layers such as subgrade or subbase can be strengthened with the use of polymeric material geogrid, owing to its high tensile strength.

North America Geogrid Market
By Region

2027
Us 
Canada
Mexico

Asia Pacific would exhibit an CAGR of 5.6% during 2020-2027

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Geogrid Market, By Country

By country, US is projected to be the mature market and Canada is projected to propel with significant growth rate. Canada is a developed country in the region and has registered a significant share in the North America geogrid market. It is also expected to grow fastest during the forecast period. The increased investments in the construction and public infrastructure drives the growth of the geogrid market in the country.

Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the geogrid market trends along with the current and future North America geogrid market forecast.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the geogrid industry for strategy building.
  • A comprehensive geogrid market analysis covers factors that drive and restrain the North America geogrid market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Impact Of Covid-19 On The Geogrid Market

North America is the most affected region during the COVID-19 outbreak. It recorded the highest number of infected people and higher fatalities. U.S. alone has the highest number of COVID-19 affected people. The outbreak has impacted the demand-supply chain as many production houses have halted operations. Moreover, the fear for the disease has also made people to stay at home and deny going to offices and workplace. 

Since the pandemic, the prices of crude oil have soared. Moreover, the availability of raw materials due to disruption in supply demand chain has led to hike in prices of limited stock available in the market. Thus, COVID-19 has led to increase in prices for the geogrids.

Key Market Segments

By Type 

  • Uniaxial
  • Biaxial

By Application

  • Road Industry
  • Rail Road Stabilization
  • Soil Reinforcement
  • Others 

By Country

  • U.S.
  • Canada
  • Mexico
 

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 of the study
2.2.CXO perspective

CHAPTER 3:MARKET LANDSCAPE

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Porter's five forces analysis

3.3.Patent analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in infrastructure activities
3.4.1.2.Reduction in maintenance cycles and costs
3.4.1.3.Superior properties associated with geogrid

3.4.2.Restraint

3.4.2.1.Lack of skilled workers

3.4.3.Opportunity

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

3.5.Value chain analysis
3.6.Parent Peer Market
3.7.Impact of COVID-19 on the North America geogrid market

3.7.1.Supply-Demand Imbalance
3.7.2.Price Fluctuation
3.7.3.Geopolitical Barriers
3.7.4.Affected Trade Affairs

CHAPTER 4:NORTH AMERICA GEOGRID MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Uniaxial

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

4.3.Biaxial

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

CHAPTER 5:NORTH AMERICA GEOGRID MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Road industry

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market share analysis, by country

5.3.Rail road stabilization

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market share analysis, by country

5.4.Soil Reinforcement

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market share analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market share analysis, by country

CHAPTER 6:NORTH AMERICA GEOGRID MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by country
6.2.5.U.S.

6.2.5.1.Market size and forecast, by type
6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by type
6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by type
6.2.7.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2019

7.2.Product mapping of top 10 player
7.3.Competitive heatmap
7.4.Key developments

7.4.1.New product launches
7.4.2.Business expansion

CHAPTER 8:COMPANY PROFILES

8.1.SYNTEEN TECHNICAL FABRICS

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio

8.2.CARTHAGE MILLS

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio

8.3.MACCAFERRI INC.

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.1.Business performance

8.4.Huesker US

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio

8.5.PROPEX OPERATING COMPANY, LLC

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio

8.6.STRATA SYSTEMS, INC.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio

8.7.TDM GROUP

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio

8.8.TENCATE GEOSYNTHETICS AMERICAS

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance

8.9.TENSAR CORPORATION

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Key strategic moves and developments

8.10.LAYFIELD GROUP. LTD.

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio

LIST OF TABLES

TABLE 01.NORTH AMERICA GEOGRID MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 02.NORTH AMERICA GEOGRID MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 03.NORTH AMERICA GEOGRID MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 04.NORTH AMERICA GEOGRID MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 05.NORTH AMERICA NORTH AMERICA GEOGRID MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 06.U.S. GEOGRID MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 07.U.S. GEOGRID MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 08.CANADA GEOGRID MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 09.CANADA GEOGRID MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 10.MEXICO GEOGRID MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 11.MEXICO GEOGRID MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 12.KEY NEW PRODUCT LAUNCHES (2016-2018)
TABLE 13.KEY BUSINESS EXPANSION (2016-2018)
TABLE 14.BROCK WHITE: COMPANY SNAPSHOT
TABLE 15.BROCK WHITE: PRODUCT PORTFOLIO
TABLE 16.CARTHAGE MILLS: COMPANY SNAPSHOT
TABLE 17.CARTHAGE MILLS: PRODUCT PORTFOLIO
TABLE 18.MACCAFERRI: COMPANY SNAPSHOT
TABLE 19.MACCAFERRI: PRODUCT PORTFOLIO
TABLE 20.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 21.NILEX: COMPANY SNAPSHOT
TABLE 22.NILEX: PRODUCT PORTFOLIO
TABLE 23.PROPEX: COMPANY SNAPSHOT
TABLE 24.PROPEX: PRODUCT PORTFOLIO
TABLE 25.STRATA SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 26.STRATA SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 27.TDM GROUP: COMPANY SNAPSHOT
TABLE 28.TDM GROUP: PRODUCT PORTFOLIO
TABLE 29.TENCATE: COMPANY SNAPSHOT
TABLE 30.SANY: OPERATING SEGMENTS
TABLE 31.TENCATE: PRODUCT PORTFOLIO
TABLE 32.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 33.TENSAR: COMPANY SNAPSHOT
TABLE 34.TENSAR: PRODUCT PORTFOLIO
TABLE 35.TENSAR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 36.LAYFIELD GROUP. LTD.: COMPANY SNAPSHOT
TABLE 37.LAYFIELD GROUP. LTD.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03.EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.HIGH THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF RIVALRY
FIGURE 09.HIGH BARGAINING POWER OF BUYERS
FIGURE 10.PATENT ANALYSIS FOR UNIAXIAL GEOGRID
FIGURE 11.PATENT ANALYSIS FOR BIAXIAL GEOGRID
FIGURE 13.GEOGRID MARKET DYNAMICS
FIGURE 14.GEOGRID MARKET DYNAMICS
FIGURE 15.PARENT PEER MARKET
FIGURE 16.NORTH AMERICA GEOGRID MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF NORTH AMERICA GEOGRID MARKET FOR BIAXIAL, BY COUNTRY,  2019 & 2027 ($MILLION)
FIGURE 18.COMPARATIVE ANALYSIS OF NORTH AMERICA GEOGRID MARKET FOR UNIAXIAL, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 19.NORTH AMERICA GEOGRID MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF NORTH AMERICA GEOGRID MARKET FOR ROAD INDUSTRY, BY COUNTRY,  2019 & 2027 ($MILLION)
FIGURE 21.COMPARATIVE ANALYSIS OF NORTH AMERICA GEOGRID MARKET FOR RAIL ROAD STABILIZATION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF NORTH AMERICA GEOGRID MARKET FOR SOIL REINFORCEMENT, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 23.COMPARATIVE ANALYSIS OF NORTH AMERICA GEOGRID MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 24.U.S. REVENUE FOR GEOGRID MARKET 2019–2027, ($MILLION)
FIGURE 25.CANADA REVENUE FOR GEOGRID MARKET 2019–2027, ($MILLION)
FIGURE 26.MEXICO REVENUE FOR GEOGRID MARKET 2019–2027, ($MILLION)
FIGURE 27.MARKET PLAYER POSITIONING, 2019
FIGURE 28.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 29.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 30.MACCAFERRI GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 31.TENCATE: REVENUE, 2016–2018 ($MILLION)
FIGURE 32.TENCATE: REVENUE SHARE BY SEGMENT, 2018 (%)

 
 

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 geogrid market. However, lack of skilled workforce to handle or to design geogrid hampers the growth of the geogrid market. Among 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.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. Increase in the infrastructure developmental activities in emerging countries has led to rise in demand for geogrids in the market. Geogrids exceptional properties such as light weight, easy handling, and high-temperature stability are the other key drivers of the market.

A. Top players in the market are investing huge capital in R&D activities to develop enhanced products to cater to the current demands. Some of the major players in the geogrid market are Tensar Corporation, Carthage Mills, Properx Operating Company, Strata System, Maccaferri, Tdm Group, Brockwhite Construction Materials, US Fabrics, Inc., Tencate Geosynthetics, and Nilex, Inc.

A. Increase in awareness and surge in number of R&D activities toward geogrid are the factors projected to create opportunities for market players during the forecast period.

A. Road industry is projected to increase the demand for Geogrid Market

A. Recently, economies are highly investing in transportation and building construction, which increases the demand for the geogrids in these industries

A. Biaxial geogrid is the most influencing segment in the global Geogrid market report

A. Soil enforcement applications are expected to drive the adoption of Geogrid

A. The availability of raw materials due to disruption in supply demand chain has led to hike in prices of limited stock available in the market. Thus, COVID-19 has led to increase in prices for the geogrids

 

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