Increasing Acceptance of Geosynthetic Products Across Numerous Application Segments Drives the Global Geosynthetics Market Growth

Geosynthetics refer to the polymers which are employed in civil engineering, construction, and related applications. These are generally used to stabilize the terrains and exhibit high durability that complements the other building materials. They provide a variety of roles ranging from chemical containment to soil structural reinforcement, as well as many more in between such as drainage, material separation, and filtering. These are the most important geosynthetic uses. Therefore, the market is estimated to increase rapidly in the near future.

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Data Bridge Market Research analyzes that the Global Geosynthetics Market is expected to grow at a CAGR of 5.9% in the forecast period of 2023 to 2030 and is expected to reach USD 28,210,971.88 thousand by 2030. The expansion in the construction industry on a global level is expected to drive market growth.

Expansion in the Construction Industry on a Global Level is Expected to Drive Market Growth

Geosynthetics of various sorts are employed in civil engineering and building projects. Depleting sources of granular and other basic raw materials, along with restricted project funding have created new chances for inventive engineering to provide cost-effective solutions. One of these breakthroughs is the use of geosynthetics in civil engineering. They are recognized as genuine engineering materials that not only substitute for limited raw resources such as cement and steel but are also proving to be a fairly solid and good alternative to traditional designs. Despite the fact that they are still relatively new in the construction industry, their utilization is growing year after year in areas such as fill reinforcement, pore water pressure control, foundations, and pavements. Aside from being cost-effective, they can also be quickly installed and aid in the quality monitoring of factory-created items. Geosynthetics are increasingly deemed vital and indispensable for a cost-effective solution in a variety of applications, including reinforcement, separation, filtration, drainage, barriers, erosion control, containment, and protection. Geosynthetics, also known as geosynthetic materials, are planar, polymeric (synthetic or natural) materials that are utilized in contact with soil/rock and/or any other geotechnical material to give benefits such as simplifying construction, improving road life, and minimizing future road maintenance.

Report Scope and Market Segmentation

Segment Analysis

The global geosynthetics market is segmented into one notable segment based on product.

• Based on product, the market is segmented into geotextiles, geomembranes, geogrids, geocells, geonets, and others.

In 2023, the geotextiles segment of product type is anticipated to dominate the global geosynthetics market

In 2023, the geotextiles segment is expected to dominate the market owing to the growth of expansion in the construction industry on a global level. This segment is expected to reach the highest CAGR of 6.6% in the forecast period of 2023-2030.

Major Players

Data Bridge Market Research recognizes the following companies as the major geosynthetics market players in the global geosynthetics market which include CMC (U.S.), Leggett & Platt, Incorporated (U.S.), Officine Maccaferri Spa (Italy), Freudenberg (Germany), Berry Global, Inc. (U.S.), AGRU America, Inc. (U.S.), Carthage Mills, Inc. (U.S.), Glen Raven, Inc. (U.S.), Global Synthetics (Australia), HUESKER (Germany), Naue Gmbh & Co.KG (Germany), PRS Geo-Technologies (U.K.), Schouw & Co. (Denmark), SKAPS Industries (U.S.), Solmax (Canada), Swicofil AG (Switzerland), and TENAX (Italy) among others.

Market Developments

• In March 2023, the construction of Tanzania's major rail infrastructure has been completed. It connects countries and neighborhoods to the global market. Maccaferri contributed significantly to the project by providing an innovative soil erosion control solution. This will increase the company's revenue.
• In November 2022, a deal to acquire the majority of the business and assets of Nilex Inc., an Edmonton-based company, and its wholly-owned subsidiary Nilex USA Inc. has been achieved by Leggett & Platt's Hanes Geo Components. This will help the company to widen its distribution network and product portfolio.
• In August 2022, Fibertex Nonwovens announced the appointment of Carlos Benatto as President of Fibertex Nonwovens in North America. Carlos is a highly qualified and experienced senior executive with a proven track record at Fibertex for the last five years as Managing Director of Fibertex Nonwovens Brazil. This helped the company to grow with the new leadership and experience.
• In July 2022, Tensar unveiled its black box which consists of three key elements which are- a new design methodology, Tensar+ design software, and the Tensar InterAx geogrid. It will help the company to widen its geogrid product range and applications.
• In April 2022, Commercial Metals Company announced that they have acquired TAC Acquisition Corp. ("Tensar") for a cash purchase price of USD 550.00 million. It will help in the expansion of Commercial Metals Company's penetration in engineered construction ground reinforcement.
• In April 2022, the acquisition of Geosynthetic Systems of Ontario, Canada, by Terrafix Geosynthetic, a Hanes Geo Components subsidiary, has been accomplished. The acquisition will company to enlarge the distribution of products that are used in applications such as erosion and sediment control, drainage and stormwater management, and landscaping among others.
• In March 2022, in partnership with Suffolk Coastal, the Environment Agency, and local residents, work to improve Thorpeness's coastal protection including a supply of Secutex Soft Rock containers and Secutex H-Geotextile needle punches from Naue. This will help the company to grow globally.
• In January 2022, Terram launched Bodpave 40, a new and improved interlocking porous paving system, which is made from 100% recycled plastics. The product can be used for grass and ground reinforcement applications with a rapid installation rate and increased strength.
• In 2021, Fibertex Nonwovens announced an additional investment of DKK 300 million in the expansion of its European high-tech facility. His Fibertex Nonwovens, a subsidiary of the Danish industrial group Schouw & Co. in Aarhus, Denmark, announced his DKK-strong 300 million investment to expand its production capacity in the U.S. Fibertex Nonwovens is now investing the same amount in Europe to expand the capacity of its existing mills.
• In November 2020, SKAPS Geomembrane and Composite have installed at a site that helps them in making products that will protect the environment. This helped the company to increase its brand recognition.
• In May 2020, a new patented technology was developed by the Serge Ferrari Group and applied to composite membranes to permanently eliminate coronavirus from surfaces. Serge Ferrari Tersuis, his Swicofil partner for high-strength polyester yarns and plasma metal-coated filament yarns, has announced the successful development of composite membrane technology. Developed and patented material that reduces the viral load of coronavirus.

Regional Analysis

Geographically, the countries covered in the global geosynthetics market are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Denmark, Sweden, Poland, Norway, Finland, rest of Europe, China, India, Japan, South Korea, Indonesia,  Australia, Thailand, Philippines, Vietnam, Malaysia, Taiwan, New Zealand, Singapore, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Qatar, Oman, Kuwait, Bahrain, and rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

Asia-Pacific region is the dominant region in the global geosynthetics market during the forecast period 2023 - 2030

In 2023, Asia-Pacific is dominating the global geosynthetics market owing to the growth of the geosynthetics industry in the region. Asia-Pacific will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.

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