Geocomposites: Worldwide Markets, 2023 - Road & Highway Application is Projected to Grow at the Highest CAGR - ResearchAndMarkets.com
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.
DriversGrowing Infrastructural Development With Supportive Government Policies Environmental Protection Regulations Cost-Effective Solution
RestraintsAbsence of Quality Control in the Developing Countries
OpportunitiesGrowing Infrastructural Development in the Developing Countries
ChallengesFluctuating Raw Material Prices
Key Topics Covered
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.5 Unit Considered
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
18.104.22.168 Key Data From Secondary Sources
2.1.2 Primary Data
22.214.171.124 Key Data From Primary Sources
126.96.36.199 Key Industry Insights
188.8.131.52 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
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
5.2 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
6.2 Trends and Forecast of GDP
6.3 Trends and Forecast of the Construction Industry
7 Geocomposites Market, By Product Type
7.1.1 Geotextile-Geonet Geocomposites
7.1.2 Geotextile-Geocore Geocomposites
7.1.3 Geotextile-Geogrid Geocomposites
7.1.4 Geotextile-Geomembrane Geocomposites
8 Geocomposites Market, By Function
9 Geocomposites Market, By Application
9.1.1 Water & Wastewater Management
9.1.2 Road & Highway
9.1.3 Landfill & Mining
9.1.4 Soil Reinforcement for Civil Construction
10 Geocomposites Market, By Region
10.2 North America
10.4.5 South Korea
10.5 Middle East and Africa (MEA)
10.5.2 Saudi Arabia
10.5.3 South Africa
10.6 Latin America
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
11.11.6 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
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INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
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PUB: 12/19/2018 05:26 AM/DISC: 12/19/2018 05:26 AM