$31.9 Billion Opportunity in the Global Geosynthetics Market by 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--The “Geosynthetics - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Geosynthetics market accounted for $10,829.20 million in 2017 and is expected to reach $31,916.05 million by 2026 growing at a CAGR of 12.76% during the forecast period.
Some of the prominent factors that the market is witnessing include increasing investments in infrastructure and environmental projects by both, developing and developed countries are likely to drive the growth of the market share. Additionally, rising regulatory standards and opportunities associated with oil & gas and mining industries acts as future growth opportunities for the market in coming years. However, volatility of raw material prices used in manufacture of Geosynthetics is a major restraint to the growth of Geosynthetics market.
Based on product, the geotextiles segment is considered as the fastest growing market, owing to its emergence as an alternative to other granular materials and reduced installation cost.
On the basis of application, the construction segment is witnessed as the highest market share due to increasing demand of geosynthetics in roadways and rail construction applications.
By geography, Asia Pacific is projected to hold the largest market share during the forecast period. Factors favouring the growth of this region are increase in infrastructural spending owing to favourable government initiatives accompanied with growth towards central National New-Type Urbanization Plan in China.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porter’s Five Force Analysis
5 Global Geosynthetics Market, By Product
6 Global Geosynthetics Market, By Function
7 Global Geosynthetics Market, By Technology
8 Global Geosynthetics Market, By Type
9 Global Geosynthetics Market, By Material
10 Global Geosynthetics Market, By Application
11 Global Geosynthetics Market, By Geography
12 Key Developments
13 Company ProfilingNAUE GmbH & Co. KG MAccaferri ACE Geosynthetics Belton Industries Inc. GSE Environmental GEO Synthetics LLC Tenax Corporation Tensar International Corporation Inc. Asahi Kasei Propex Geotextiles Agru America Inc. Avintiv Inc. Low & Bonar Huifeng Geosynthetics Koninklijke Ten Cate NV Polymer Group JUTA A.S. Cetco Lining Technologies Strata Systems Inc. Kaytech Engineered Products
For more information about this report visit https://www.researchandmarkets.com/research/wbcps7/31_9_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005315/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Technical Textiles
INDUSTRY KEYWORD: MANUFACTURING TEXTILES
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/29/2018 07:09 AM/DISC: 08/29/2018 07:09 AM