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Geocomposites: Worldwide Markets, 2023 - Road & Highway Application is Projected to Grow at the Highest CAGR - ResearchAndMarkets.com

December 19, 2018

DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--The “Geocomposites Market by Product, Function, Application, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The geocomposites market is estimated at USD 423.7 million in 2018 and is projected to reach USD 740.0 million by 2023, at a CAGR of 11.8% between 2018 and 2023.

The increasing demand for geocomposites in road & highway application is projected to drive the growth for the geocomposites market. Further, the growing construction & infrastructural projects and supportive government policies and increasing environmental protection regulations are also projected to boost the geocomposites market. The absence of quality control in developing countries is one of the factors restraining the growth of the market.

The road & highway application is projected to grow at the highest CAGR during the forecast period. The growing infrastructure activities across the globe are driving the geocomposites market as these composites offer high quality and are a cost-effective alternative in various applications. China and India witnessed high growth in the geocomposites market as its major application, road & highway, is rapidly growing in these economies.

APAC is projected to register the highest CAGR between 2018 and 2023 in the geocomposites market. The continuous rise in construction projects in the developing economies such as China and India has resulted in high demand for geocomposites products in the region.

The growth and innovations in the Chinese construction & infrastructure industry are estimated to generate a positive impact on the geocomposites market in the country. In addition, the initiatives taken by the government in building new highways is expected to further increase the demand for geocomposites in the construction projects of the country.

All these factors make APAC the fastest-growing geocomposites market.

Market Dynamics

Drivers

Growing Infrastructural Development With Supportive Government Policies Environmental Protection Regulations Cost-Effective Solution

Restraints

Absence of Quality Control in the Developing Countries

Opportunities

Growing Infrastructural Development in the Developing Countries

Challenges

Fluctuating Raw Material Prices

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Years Considered for the Study

1.4 Currency

1.5 Unit Considered

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 Key Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Key Data From Primary Sources

2.1.2.2 Key Industry Insights

2.1.2.3 Breakdown of Primary Interviews

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Data Triangulation

2.4 Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Geocomposites Market

4.2 Geocomposites Market, By Application

4.3 Geocomposites Market, By Function and Region

4.4 Geocomposites Market, By Product Type

4.5 Geocomposites Market, By Country

5 Market Overview

5.1 Introduction

5.1.1 Drivers

5.1.2 Restraints

5.1.3 Opportunities

5.1.4 Challenges

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Threat of Substitutes

5.2.3 Bargaining Power of Suppliers

5.2.4 Bargaining Power of Buyers

5.2.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends

6.1 Introduction

6.2 Trends and Forecast of GDP

6.3 Trends and Forecast of the Construction Industry

7 Geocomposites Market, By Product Type

7.1 Introduction

7.1.1 Geotextile-Geonet Geocomposites

7.1.2 Geotextile-Geocore Geocomposites

7.1.3 Geotextile-Geogrid Geocomposites

7.1.4 Geotextile-Geomembrane Geocomposites

7.1.5 Others

8 Geocomposites Market, By Function

8.1 Introduction

8.1.1 Drainage

8.1.2 Containment

8.1.3 Others

9 Geocomposites Market, By Application

9.1 Introduction

9.1.1 Water & Wastewater Management

9.1.2 Road & Highway

9.1.3 Landfill & Mining

9.1.4 Soil Reinforcement for Civil Construction

9.1.5 Others

10 Geocomposites Market, By Region

10.1 Introduction

10.2 North America

10.2.1 US

10.2.2 Canada

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Russia

10.4 APAC

10.4.1 China

10.4.2 Japan

10.4.3 Australia

10.4.4 India

10.4.5 South Korea

10.5 Middle East and Africa (MEA)

10.5.1 UAE

10.5.2 Saudi Arabia

10.5.3 South Africa

10.6 Latin America

10.6.1 Brazil

10.6.2 Mexico

11 Company Profiles

11.1 Thrace Group

11.2 GSE Environmental

11.3 Skaps Industries

11.4 ABG Ltd.

11.5 Hans Geo Components

11.6 Tencate Geosynthetics

11.7 Maccaferri S.P.A

11.8 Terrem Geosynthetics

11.9 Huesker Synthetics GmbH

11.10 Tenax Group

11.11 Other Key Players

11.11.1 Low & Bonar LPC

11.11.2 Contech Engineered Solutions Lic

11.11.3 Edifloor S.P.A.

11.11.4 American Wick Drain Corporation

11.11.5 Texinov

11.11.6 Climax Synthetics Pvt. Ltd.

11.11.7 Tema Corporation

11.11.8 Alyaf Industrial Co. Ltd.

11.11.9 Feicheng Lianyi Engineering Plastics Co. Ltd.

11.11.10 Qingdao Haisan New Energy Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/wt6fd6/geocomposites?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005292/en/

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Related Topics:Composites

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/19/2018 05:26 AM/DISC: 12/19/2018 05:26 AM

http://www.businesswire.com/news/home/20181219005292/en

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