Global Geosynthetics Market

Global Geosynthetics Market Size, Share, Growth Analysis, By Application(Waste Management, water management), By Type(Geotextile, Geomembrane) - Industry Forecast 2023-2030


Report ID: SQMIG15E2173 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 74

Global Geosynthetics Market Insights

Geosynthetics Market size was valued at USD 13.2 billion in 2021 and is poised to grow from USD 14.72 billion in 2022 to USD 37.9 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

Geosynthetics are becoming popular since they are easy to use and also cost effective, certainly less expensive. They provide excellent performance that remains unchanged overtime.Moreover, the versatile use of geosynthetics makes them the ideal solution to various onsite problems.

There are several types of geosynthetics such as geotextile, Geo grids, Geo Nets.These types of geosynthetics consume less.Feet anywhere in the landfield. Their materials are homogeneous because they are manufactured in a workshop with quality control and due to this it improves soil property as compared to conventional materials.As compared to aggregate sense soil, the geosynthetic materials are less expensive to purchase, transport and install.

There are several important functions performed by Geosynthetics, such as separation, filtration, barrier, drainage, protection.However, clogging of geotextile garnets, Geo pipes and Geo composites is a challenging design for soil abnormal conditions.

US Geosynthetics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 13.2 billion

Largest Segment

Geotextile

Fastest Growth

Geotextile

Growth Rate

11.2% CAGR

Global Geosynthetics Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Geosynthetics Market Size By Type ($ Bn)
Global Geosynthetics Market Size By Type (%)

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Global Geosynthetics Market Segmental Analysis

Global Geosynthetics market is segmented on the basis of application, type and region. By application, the Geosynthetics Market is segmented into Waste Management, water management, transportation, infrastructure, civil construction. and others. By type, the Geosynthetics Market is segmented into Geotextile, Geomembrane, Geogrid and others.By region, the Geosynthetics Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Geosynthetics Market Analysis by Application

By type, the global market is divided into many segments such as Geotextile, Geomembrane, Geogrid and others. Geotextile segment held largest global Geosynthetics market share due to the wide range of benefits provided by Geosynthetics in it.The synthetic fibers used in manufacturing geotextiles are made up of PP, polyethylene, polyester and polyamide as well as the segment dominated the market due to its better performance and proper usage of synthetic fibers along with functional advantages over the other materials.Geo membranes are estimated to expand at steady CAGR in terms of revenue.Open forecast idea due to the raising awareness regarding the products, applications are floating over and over to control evaporation, reduce the volatile organic compound various emission and minimize the damage caused by drainage and cleaning.

Global Geosynthetics Market Size By Type, 2021 (%)

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Global Geosynthetics Market Regional Insights

Globally,Asia Pacific is estimated to hold the highest global Geosynthetics market share. Main factors during this growth period are the presence of top market players,Rising demand for oil reinforcement reinforcement in the foundation work of residential building in the emerging economies like China and India and others.

Above all, North America is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Geosynthetics technology In the region of North America. In addition, various operators are investing heavily in order to provide higher waste management at an affordable price to the consumers, which is likely to boost the demand for Geosynthetics in the region.

Global Geosynthetics Market Size By Geography, 2023-2030
  • Largest
  • Fastest

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Global Geosynthetics Market Dynamics

Geosynthetics Market Drivers

Waste Management Need to Bolster Market Growth

  • Rapid increase in industrialization, population and urbanization is contributing to large levels of solid and liquid waste across the globe.On the other hand, the rising population awareness leading to an increasing demand for appropriate waste and water management projects is also increasing.Therefore, Geosynthetics come into play and are used as landfill caps to prevent the migration of fluid into landfills by reducing or eliminating the post closure generation of leachate and associated treatment cost.The various other advantages of geosynthetics in linear system such as waste treatment lagoons at wastewater treatment plants to protect water resources including lakes, rivers, ponds, and reservoir is expected to boost the demand for geosynthetics in future.

Geosynthetics Market Restraints

Fluctuating Raw Material Prices to Hinder Market Growth

  • One of the major factors which affect the prices of end products, prices and availability of raw materials.The major raw materials required for the development of geosynthetics such as polyethylene, polypropylene,Ethylene propylene are vulnerable to fluctuations due the prices of crude oil.Hey. One of the major factors that impacts the prices of raw material required for the manufacturer of geosynthetics is rise and fall in the crude oil prices.These fluctuations of prices has led to the hindrance in the growth of the market.

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Global Geosynthetics Market Competitive Landscape

Competition in the global Geosynthetics market is expected to increase during the forecast period because new players are expected to enter the global market and the number of waste management services compatible with Geosynthetics will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.

Geosynthetics Market Top Player’s Company Profiles

  • TenCate Geosynthetics
  • Solmax
  • NAUE GmbH & Co. KG
  • GSE Environmental
  • Low & Bonar
  • Officine Maccaferri S.p.A.
  • Propex Global
  • Huesker Synthetic GmbH
  • Fibertex Nonwovens A/S
  • Tensar International Corporation
  • AGRU Kunststofftechnik GmbH
  • Thrace Group
  • CETCO (Minerals Technologies Inc.)
  • Geofabrics Group
  • Atarfil
  • Carthage Mills
  • Raven Industries, Inc.
  • Colorado Lining International, Inc.
  • TYPAR Geosynthetics

Geosynthetics Market Recent Developments

  • In November 2022, Hanes Geo Components, a wholly owned subsidiary of Leggett & Platt, has reached an agreement to acquire the majority of the business and assets of Edmonton based Nilex Inc. and its wholly owned subsidiary Nilex USA Inc. with a view to continuing to operate Nilex’s business on a going-concern basis.

Global Geosynthetics Key Market Trends

  • One of the largest consumers of the geosynthetic industry is the mining industry.In recent years, the country is in Asia and Pacific region and has seen the metal and mineral demands on large level that is to drive the mining industry.Many countries across the globe have larger mining capacities of various material and witness the increasing investments from foreign companies over the few years.The technological advancement and increasing adoption of mining in the region sucrose the globe will drive the geosynthetic market during the period.

Global Geosynthetics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global Geosynthetics market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as they are easy to use and also cost effective, certainly less expensive. They provide excellent performance that remains unchanged overtime.Moreover, the versatile use of geosynthetics makes them the ideal solution to various onsite problems. Geosynthetics will enable services to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.

Report Metric Details
Market size value in 2021 USD 13.2 billion
Market size value in 2030 USD 37.9 billion
Growth Rate 11.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Waste Management, water management, transportation, infrastructure, civil construction. and others
  • Type
    • Geotextile, Geomembrane, Geogrid and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • TenCate Geosynthetics
  • Solmax
  • NAUE GmbH & Co. KG
  • GSE Environmental
  • Low & Bonar
  • Officine Maccaferri S.p.A.
  • Propex Global
  • Huesker Synthetic GmbH
  • Fibertex Nonwovens A/S
  • Tensar International Corporation
  • AGRU Kunststofftechnik GmbH
  • Thrace Group
  • CETCO (Minerals Technologies Inc.)
  • Geofabrics Group
  • Atarfil
  • Carthage Mills
  • Raven Industries, Inc.
  • Colorado Lining International, Inc.
  • TYPAR Geosynthetics
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  • Segments by type, application, etc
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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Geosynthetics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Geosynthetics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Geosynthetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Geosynthetics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Geosynthetics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Geosynthetics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Geosynthetics Market size was valued at USD 13.2 billion in 2021 and is poised to grow from USD 14.72 billion in 2022 to USD 37.9 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

Competition in the global Geosynthetics market is expected to increase during the forecast period because new players are expected to enter the global market and the number of waste management services compatible with Geosynthetics will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'TenCate Geosynthetics', 'Solmax', 'NAUE GmbH & Co. KG', 'GSE Environmental', 'Low & Bonar', 'Officine Maccaferri S.p.A.', 'Propex Global', 'Huesker Synthetic GmbH', 'Fibertex Nonwovens A/S', 'Tensar International Corporation', 'AGRU Kunststofftechnik GmbH', 'Thrace Group', 'CETCO (Minerals Technologies Inc.)', 'Geofabrics Group', 'Atarfil', 'Carthage Mills', 'Raven Industries, Inc.', 'Colorado Lining International, Inc.', 'TYPAR Geosynthetics'

Rapid increase in industrialization, population and urbanization is contributing to large levels of solid and liquid waste across the globe.On the other hand, the rising population awareness leading to an increasing demand for appropriate waste and water management projects is also increasing.Therefore, Geosynthetics come into play and are used as landfill caps to prevent the migration of fluid into landfills by reducing or eliminating the post closure generation of leachate and associated treatment cost.The various other advantages of geosynthetics in linear system such as waste treatment lagoons at wastewater treatment plants to protect water resources including lakes, rivers, ponds, and reservoir is expected to boost the demand for geosynthetics in future.

One of the largest consumers of the geosynthetic industry is the mining industry.In recent years, the country is in Asia and Pacific region and has seen the metal and mineral demands on large level that is to drive the mining industry.Many countries across the globe have larger mining capacities of various material and witness the increasing investments from foreign companies over the few years.The technological advancement and increasing adoption of mining in the region sucrose the globe will drive the geosynthetic market during the period.

Globally,Asia Pacific is estimated to hold the highest global Geosynthetics market share. Main factors during this growth period are the presence of top market players,Rising demand for oil reinforcement reinforcement in the foundation work of residential building in the emerging economies like China and India and others.

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