Global Geocomposites Market Outlook to 2023: A $740 Million Opportunity - Growing Infrastructure in Developing Countries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 10, 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 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.
DriversGrowing Infrastructure With Supportive Government Policies Environmental Protection Regulations Cost-Effective Solution
RestraintsAbsence of Quality Control in the Developing Countries
OpportunitiesGrowing Infrastructure in the Developing Countries
ChallengesFluctuating Raw Material Prices
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Dynamics
6 Macroeconomic Overview and Key Trends
7 Geocomposites Market, By Product Type
8 Geocomposites Market, By Function
9 Geocomposites Market, By Application
10 Geocomposites Market, By Region
11 Company ProfilesABG LTD Alyaf Industrial Co. Ltd American Wick Drain Corporation Climax Synthetics Pvt. Ltd. Contech Engineered Solutions Lic Edifloor S.P.A. Feicheng Lianyi Engineering Plastics Co. Ltd. GSE Environmental Hans Geo Components Huesker Synthetics GmbH Low & Bonar Slovakis A.S. Maccaferri S.P.A Qingdao Haisan New Energy Co. Ltd. Skaps Industries Tema Corporation Tenax Group Tencate Geosynthetics Terrem Geosynthetics Texinov Thrace Group
For more information about this report visit https://www.researchandmarkets.com/research/7mr3fz/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180710005868/en/
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SOURCE: Research and Markets
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PUB: 07/10/2018 01:25 PM/DISC: 07/10/2018 01:25 PM