CAGR of 7.20% Predicted for Geosynthetic Market, Reaching $30.34 Billion by 2032

Geosynthetic Market Size Worth $30.34 Billion By 2032 | CAGR: 7.20%


The global geosynthetic market size is expected to reach USD 30.34 Billion by 2032, according to a new study by Polaris Market Research. The report “Geosynthetic Market Share, Size, Trends, Industry Analysis Report, By Product Type (Geotextile, Geomembrane, Geogrid, Geonet, Geocomposite, Clay liner, Others); By Material Type; By Application; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Geosynthetic materials are essential in various stages of the construction process. They play a significant role in enhancing drainage, strengthening infrastructure, and ensuring longevity and safety. Geosynthetics divide, strengthen, and stabilize the subgrade, which simplifies the construction process, extends the road's lifespan, and reduces maintenance costs. They also help prevent accidents as they can withstand significant lateral deformations and vertical differential settlements.

Geotextiles and geogrids are used to improve performance or minimize permanent road damage. Sustainable building practices mainly focus on the use of sustainable building materials. Geosystems play a crucial role in sustainable construction by reducing the demand for natural materials like sand and aggregates. For example, the depth of the aggregate layer in a standard cross-section used for road construction can be minimized, which in turn reduces the need for excessive mining.

The global spread of the pandemic disease has had a negative impact on the construction industry. Many projects had to be halted due to lockdowns imposed by governing authorities to contain the spread of coronavirus. As a result of supply chain barriers, players in the market observed a decrease in demand for new office spaces and other infrastructure.

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The ready availability of raw materials like polypropylene, thanks to the significant presence of petrochemical giants such as ExxonMobil, Chevron Phillips, and Shell, is incentivizing market players to ramp up production. These factors are expected to fuel the demand for geosynthetic products in the United States in the foreseeable future. Additionally, the U.S. Environmental Protection Agency (EPA) has approved the use of geosynthetic products in landfills under the Resource Conservation and Recovery Act (RCRA). Consequently, the product market in the U.S. is likely to experience a positive influence.

Geonets and geocells play a pivotal role in promoting vegetation growth and offering shoreline protection, thereby mitigating soil erosion. Furthermore, ongoing soil preservation projects in various nations, including South Africa, Spain, Canada, and India, are anticipated to be significant drivers of the market in the coming years.

Geosynthetic Market Report Highlights

  • During the forecast period, the geotextiles segment accounted for the largest market due to its superior functionality and practical benefits when compared to other substances. Geotextiles are fabrics composed of absorbent, long-lasting, and non-biodegradable fibers. They are widely used in various fields, including geotechnical engineering, major construction, hydrogeology, building, paving, and environmental science.
  • In 2022, the waste management segment held the fastest market share. Proper waste management is essential for maintaining a healthy and clean environment, especially with the rising urbanization, population growth, and industrialization. Geosynthetics are extensively used in waste management for different purposes like drainage, filtration, separation, barriers, and reinforcement.
  • North America region held the largest market share in 2022 due to a surge in demand for significant metals like copper, silver, zinc, bauxite, and gold in the mining industry of the United States. It has resulted in an expansion of the industry and an increase in regional market demand. The primary drivers behind the growing demand for metals are the electronics, automobile, and construction industries, which have led to an increase in mineral exploration by mining companies.
  • The global key market players include AGRU AMERICA, INC, CTM Geosynthetics, Fibertex Nonwovens A/S, Fibromat (M) Sdn Bhd., Garware Technical Fibres Ltd., Global Synthetics, GSE Environmental, HUESKER, Koninklijke Ten Cate bv, Maharshee Geomembrane (India) Pvt. Ltd, Pietrucha Group, SKAPS Industries.

Polaris Market Research has segmented the Geosynthetic market report based on product type, material type, application, and region:

Geosynthetic, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Geotextile
  • Geomembrane
  • Geogrid
  • Geonet
  • Geocomposite
  • Clay liner
  • Others

Geosynthetic, Material Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Polyethylene (HDPE/LLDPE)
  • Polypropylene (PP)
  • Polyester
  • Natural fibers
  • Other

Geosynthetic, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Waste Management
  • Transportation Infrastructure
  • Civil Construction
  • Others

Geosynthetic, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Geosynthetic Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 17.35 billion

Revenue forecast in 2032

USD 30.34 billion

CAGR

7.20% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product Type, By Material Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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