Separation, drainage, filtration, and stabilization are all essential functions of roadways that geocomposites are used for. In a highway, geocomposites may be used to boost the strength and stability of the underlying soil. The most widely used geosynthetics in road and highway applications are geotextiles-geogrid geocomposites. Laden vehicles on the road cause cuts and rutting, and water clogging in cracks causes erosion and shortens the life of the road. Increasing applications in road industry to improve road life and cost-effectiveness purpose. Additionally, rail track maintenance is important because uneven tracks can cause accidents; which in turns is expected to drive the market in coming years.
The global Geocomposites market is projected to reach USD608.7 million by 2028, growing at a CAGR of 6.1%
The purpose of the report is to estimate the market size for global geocomposites industry and the future growth potential of the market for geocomposites across various segments, such as product, application, function, and the geography. Long-term growth of the geocomposites industry will be pushed by the development of strong infrastructure, favorable government regulations, eco-friendly legislation, and the need for cost-effective alternatives. Apart from that, the demand for geocomposites is expected to expand due to burgeoning construction activities and widespread use of the products in rail and road development projects. In addition, one of the main growth factors in the industry is the increase in the number of water containments and canaling.
The geocomposites market is being driven by a rise in infrastructure, supportive government policies, environmental protection legislation, and cost-effective solutions. The demand for geocomposites is expected to grow in the near future due to increasing waste treatment demand and increased use of geocomposites in waste treatment.
Companies mentioned in this report are GSE Environmental, ABG LTD, Thrace Group, Skaps Industries, Contech Engineered Solutions Lic, Texinov, Hans Geo Components, Tencate Geosynthetics, Maccaferri S.P.A, Terrem Geosynthetics, Tenax Group, abd Huesker Synthetics GmbH. Additionally, other notable players operating in this industry are Qingdao Haisan New Energy Co., Ltd., Alyaf Industrial Co. Ltd, Feicheng Lianyi Engineering Plastics Co., Ltd., Texinov, Climax Synthetics Pvt. Ltd., Tema Corporation, and American Wick Drain Corporation.
Geocomposites Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD608.7 million|
|Growth Rate||CAGR of 6.1% during 2021-2028|
|Segment Covered||by Product Type, Function, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||ABG Ltd, Terram Geosynthetics Private Limited, Thrace Group, Tenax Group, Crafco, Inc., SKAPS Industries, Koninklijke Ten Cate bv, CLIMAX SYNTHETICS PVT. LTD., Tensar International Corporation, GSE Environmental, Officine Maccaferri Spa, HUESKER International, Leggett & Platt, Inc., Qingdao Haisan New Energy Co., Ltd. EDILFLOOR S.P.A., T.E.M.P., Low & Bonar, American Wick Drain, ALYAF INDUSTRIAL COMPANY LIMITED, NAUE GmbH & Co. KG, Contech Engineered Solutions LLC, MDB Texinov, Hanes Geo Components, EDIFLOOR SPA, FEICHENG LIANYI ENGINEERING PLASTICS Co., Ltd,|
Key Segments of the Global Geocomposites Market
Product Method, 2018-2028 (USD Million)
Application, 2018-2028 (USD Million)
- Water & Wastewater Management
- Road & Highway
- Landfill & Mining
- Soil Reinforcement for Civil Construction
Function, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Important Companies in Global Geocomposites Market
- GSE Environmental
- ABG LTD
- Thrace Group
- Skaps Industries
- Contech Engineered Solutions Lic
- Hans Geo Components
- Tencate Geosynthetics
- Maccaferri S.P.A
- Terrem Geosynthetics
- Tenax Group
- Huesker Synthetics GmbH
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of geocomposites market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on geocomposites market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the geocomposites industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on product, application, and function. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global geocomposites Market. The report will benefit: Every stakeholder involved in the geocomposites market.
- Managers within the geocomposites industry looking to publish recent and forecasted statistics about geocomposites market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global geocomposites market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.