The global geosynthetics market revenue was US$ 14.7 billion in 2021. The global geosynthetics market revenue is forecast to reach US$ 37.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2030.
Geosynthetics Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Geosynthetics Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Geosynthetics.
Geosynthetics are natural or polymeric materials used with soil, rock, or any related building material. There are types of geosynthetics developed and manufactured worldwide. The most prominent types of geosynthetics, such as geotextiles, geogrids, geonets, geocells, and geomembranes. Geosynthetics have a variety of applications, including reinforcing soil walls in bridges, flyovers, roads, and highways, preventing landslides, and controlling erosion in wastewater treatment plants.
Due to the increasing demand from the wastewater and global infrastructure sectors, the global geosynthetics market is forecast to experience increased demand during the forecast period. The use of geosynthetics is known to extend the lifespan of a structure and decrease maintenance costs. The combination of these two factors makes geosynthetic materials cost-effective, which is driving the global market growth.
A rise in crude oil prices will cause petrochemical costs to increase, which, in turn, will increase plastic prices. As a result, any fluctuation in crude oil prices will negatively impact the price of geosynthetics. It may have a negative impact on the growth of the global geosynthetics market.
The COVID-19 pandemic had a severe impact on the global geosynthetics market. Global lockdown and restrictions had been implemented to prevent the spread of COVID-19, resulting in a decline in market demand, production, supplies, distribution, and customers. In addition, it also affected the import and export of raw materials.
The COVID-19 effect will get reduce, causing the situation to return to normal after COVID-19. As a consequence, exports and imports will both increase. As a result, the global geosynthetics market will have a slow growth during the forecast period.
Geographically, Asia-Pacific held dominance in the global geosynthetics market. It is due to the growing infrastructural developments across the country. The Government of India’s UDAN scheme aims to build more than 100 airports by 2025, which will boost the geosynthetics industry. The favorable government policies and the increased research and development activities for the geosynthetics market have also improved production standards and decreased environmental pollution. Thus, the geosynthetics market will see further growth in the Asia Pacific region.
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The leading prominent companies profiled in the global geosynthetics market are:
AGRU Kunststofftechnik Gesellschaft m.b.H. Freudenberg Group HUESKER Group Maccaferri S.p.A. NAUE GmbH & Co. KG PRS Geo-Technologies Schouw & Co. Solmax International Incorporated TENAX Group Tensar International Corporation Other Prominent Players Scope of the Report
The global geosynthetics market segmentation focuses on Type, Application, Raw Material, End-User, and Region.
Geotextiles Woven Non-Woven Geomembranes Geogrids Geocomposites Geonets Others Segmentation based on Application
Water/wastewater Management Transportation Infrastructure Civil Construction and Mining Energy Others Segmentation based on Raw Material
Polypropylene Polyethylene High-density polyethylene (HDPE) Medium-density polyethylene (MDPE) Low-density polyethylene (LDPE) Others Polyester Polyvinyl Chloride Polyamide Others Segmentation based on End-User
Roads and Highways Railroads Marine and Coastal Structure Mining Environment Agriculture Others Segmentation based on Region
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North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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