The geosynthetic market is expected to reach US$ 15,177.60 million in 2023. The market is predicted to reach a value of US$ 16,710.54 million in by 2033. Between 2023 and 2033, the market is expected to register a growth rate of 10.1%. Geosynthetics can create highly efficient barriers, reducing space requirements, and enhancing road access. As geosynthetics are increasingly used in mining operations, the market is expected to grow.

A new avenue in civil engineering to drive the market is geosynthetics, which is thought to offer innovative solutions for geotechnical, hydraulic, environmental, and transportation problems. As a result, infrastructure works can be built with more efficiency and sustainability, and with greater resilience and sustainability. Woven geosynthetics are becoming more popular due to their ability to distribute loads and strengthen soil.

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Climate change poses increasing challenges for infrastructure, so geosynthetics will be used to build a resilient system to resist hurricanes, floods, and sea level rise. Materials such as these can help protect coastal areas, control erosion, and manage stormwater. With mass infrastructure projects that require resilient soil reinforcement and separation applications, these materials are a logical choice as they are highly tensile and dimensionally stable.

Real-time monitoring of infrastructure performance could be achieved by integrating sensors and technology into geosynthetics. Predictive maintenance can be conducted using this data, resulting in early detection of problems and extending the lifespan of a project. As technology advances and awareness programs become more popular, the market is expected to grow.

For instance, the Advanced Textile Association (ATA) held A Geosynthetics Conference in February 2023. Co-hosted with the International Erosion Control Association (IECA) Annual Conference and Expo, Kansas City, Mo., the conference brought together geotechnical, erosion control and stormwater experts. More than 1,800 attendees attended both conferences, and 186 exhibits took place, for a combined exhibition area of double that of the two associations.

Key Takeaways

• According      to FMI, through 2033, geotextiles will account for 37.2% of market      revenue.

• The      polypropylene segment is expected to hold a market share of 50.2% during      the forecast period.

• By      2033, the United Kingdom is expected to experience an 8.2% CAGR until      2033.

• Geosynthetic      market demand in the United States is expected to increase by 10.3% CAGR      throughout 2033.

• A      13.2% CAGR is expected to be achieved by 2033 for the geosynthetics market      in India.

“Innovations in manufacturing techniques and the adoption of eco-friendly materials will drive demand for geosynthetics. A combination of regulations and standards and increasing demand for smart geosynthetics will drive market growth in the next few years," says Analyst at FMI.

Competitive Landscape

As geotextile materials become increasingly popular and eco-friendly materials become available, several market players are establishing production facilities in emerging economies. With increasing investments, partnerships, and mergers, demand for geosynthetics is growing.

Market Developments Include

• In      June 2023, Infra.Market entered into definitive      documents, through its parent company Hella Infra Market Private Limited,      in order to acquire a majority stake in Strata Geosystems (India) Pvt Ltd      (“Strata”) with a market value of INR 9,100 Million from Glen Raven      Technical Fabrics LLC (“Glen Raven”). Strata India also acquired Glen      Raven's geosynthetics business in the United States as part of the      transaction.

• In      October 2022, Armando Alvarez Group and RedSea, a world leader in      sustainable agriculture technology, entered into an exclusive agreement to      supply hot-climate-compatible greenhouse covers. The new greenhouse cover      is ideal for farming in hot and water-scarce regions. Results from the      tests show exponential increases in harvest, reduced irrigation and      fertigation costs and lower energy consumption.

Key Companies Profiled

• AGRU      Kunststofftechnik GmbH

• Low      & Bonar PLC

• Tensar      Corporation

• Raven      Industries, Inc.

• Thrace      Group

• GSE      Environmental Inc.

• Officine      Maccaferri S.p.A.

• Koninklijke      Ten Cate B.V.

• HUESKER      Synthetic GmbH

• Solmax      International Inc.

• Geofabrics      Australasia Pty. Ltd.

• Garware-Wall      Ropes Ltd.

• Cooley      Group

• NAUE      GmbH & Co. KG

• Advanced      Drainage Systems, Inc.

• Propex      Operating Company LLC

• Taian      Modern Plastic Co

Segmentation Analysis of the Geosynthetics Market

By Product Type:

• Geotextile

• Geomembrane

• Geogrid

• Geonet

• Geocomposite

• Geosynthetics      Clay Liner

• Others

By Material Type:

• Polyethylene      (HDPE/LLDPE)

• Polypropylene      (PP)

• Polyester

• Natural      fibers

• Others

By Primary Application:

• Separation

• Drainage      & Filtration

• Reinforcement

• Containment

By End Use:

• Roads      (paved & unpaved)

• Railways

• Retaining      walls

• Waterworks      and waste treatments

• Landfill      & erosion control

• Others

By Region:

• North      America

• Latin      America

• Western      Europe

• Eastern      Europe

• South      Asia and Pacific

• East      Asia

• Middle      East and Africa