Geosynthetics Market Overview
Geosynthetics Market size is forecast to reach US$14.6 billion by 2026, after growing at a CAGR of 8.1% during 2021-2026. Geosynthetics are materials made from various types of polymers, used with geological materials like soil, rock, and more, to enhance, improve or modify the behavior of various civil engineering works. Geosynthetics are used for soil erosion control by improving the slope stability of hillsides, embankments, and river and stream banks. Some of the prominent trends that the geosynthetics industry is seeing is the rising demand for geosynthetics products for infrastructural development projects, especially in developing economies. The rapid growth of the construction industry has increased the demand for non woven geotextile in the geosynthetics market; thereby, fueling the market growth. Furthermore, the geosynthetics industry also has its applicability and plays a major role in the agriculture, drainage, and irrigation sectors, which is also aiding in geosynthetics industry growth.
Geosynthetics Market COVID-19 Impact
The geosynthetics market was affected by the COVID-19 in 2020, due to lockdown and government restrictions, which resulted in declined market demand, production, supplies, distribution, and customers. As well as the imports and exports were also adversely affected. In the first few months of 2021, the second wave of Covid-19 impacted the geosynthetics industry, which resulted in losses, but the market was not adversely affected as it was in 2020. However, by mid-2022 the effect of COVID-19 will be curbed out and this would lead the market situation back to normalcy before the COVID-19 pandemic. In addition to it will also result in an increase in exports and imports.
Report Coverage
The report: “Geosynthetics Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Geosynthetics Market.
By Product Type: Geotextile (Woven and Non woven geotextile), Geomembrane, Geocomposite, Geosynthetics Clay Liners, Geogrids and Others (Geomesh, Geocells, Geonets)
By Function: Separation, Drainage, Filtration, Containment, Reinforcement, Sealing and Others (Barriers, Protection).
By Raw Material Type: Polypropylene, Polyethylene (HDPE, MDPE, LDPE, Others), Polyester, Polyvinyl Chloride, Polymide, and Others.
By Application: Roads and Highways, Railroads, Bridges and Tunnels, Marine and Coastal Structure, Mining, Water Management, Environment (<span times="" new="" roman";mso-hansi-font-family:calibri;="" mso-bidi-font-family:"segoe="" ui";border:none="" windowtext="" 1.0pt;mso-border-alt:="" none="" 0in;padding:0in;mso-bidi-font-style:italic"="" style="box-sizing: border-box;">Waste Containment Landfill, Drainage, Others), Agriculture (Erosion control, Soil Reinforcement, Others), and Others.
By End-Use Industry: Residential Construction, Commercial Construction, Industrial Construction, and Infrastructure.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Rest of Middle East, Israel), and Africa (South Africa, Nigeria Rest of Africa).
Key Takeaways
- Asia-Pacific region dominates the geosynthetics market, owing to the increasing infrastructural development projects across the nations. According to the Government of India, the UDAN scheme by the Government of India intends to construct over 100 airports by 2025, and this would give a significant boost towards the geosynthetics industry.
- According to the Food and Agriculture Organization of the United Nations, currently at the global level over 30% of the soil has been eroded, this has resulted in land loss, and slopes are becoming unstable due to erosion. As a result of this, there has been an increased demand for geosynthetics materials to maintain the stability of the soil and also reducing erosion.
- Also, the favorable government policies and growing need for research and development activities for the geosynthetics market has resulted in the improved standards of production and also keeping in view controlling of environmental pollution, because of this the geosynthetics industry will see further growth.
- Geomembranes and geotextiles are increasingly being used for filling the pits; also they are being used for multiple functions. For geotextiles, the demand for non-woven geotextiles is more.
Figure: Asia-Pacific Geosynthetics Market Revenue, 2020-2026 (US$ Billion)
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Geosynthetics Market Segment Analysis – By Product Type
The geotextile product segment held the largest share in the Geosynthetics market in 2020. On the basis of construction fabric, there are two types of geotextiles namely woven and non-woven. Woven geotextile is used for stabilization and reinforcement applications. On the other hand, non woven geotextile is used for drainage, separation, and filtration application. Geotextile fabric stabilizer is used for increasing the stability of soil. Moreover, fabric stabilizer helps in soil erosion control. Geotextiles are known for their tensile strength, as well as for their excellent mechanical and hydraulic properties which help in maintaining the stability of the road and railway embankments, earth dikes, and coastal protection structure. Also, geotextiles can perform multiple functions such as filtration, drainage, separation of soil layers, reinforcement, or stabilization. The geotextile market will see growth in the future because its use is not just restricted to a civil engineering project, but also is used for coastal projects, erosion control, environmental conservation projects, and other such projects.
Geosynthetics Market Segment Analysis – By Function
The separation function of the geosynthetics market dominated the market in 2020. The factor behind the domination of the separation function was that the highest product share market such as geotextile, geomembranes, and geocells are been used to separate the two layers of dissimilar layers of material so that the integrity of the infrastructure is maintained. The increasing demand for the maintenance of the rails, roads, and infrastructure projects across the globe, will help in the growth of the separation function in the projected period.
Geosynthetics Market Segment Analysis – By Raw Material Type
The polypropylene material held the largest share in the geosynthetics market in 2020. The key driving force behind the increased use of polypropylene material is, it is the most commonly used material for the fabrication of various geosynthetics market products. Because of its lightweight, high strength, and durability, the demand for polypropylene material is growing in the geosynthetics market. Looking at the geosynthetics industry outlook in the future forecast period the demand for polypropylene will continue to grow.
Geosynthetics Market Segment Analysis – By Application
Road construction application holds the highest in the geosynthetics market and is growing at a CAGR of 6.0% during 2021-2026. In particular construction fabric that are mostly used in the road construction is the non woven geotextile, it helps to fill gaps between the roads and it improves the soil structure which makes it easy to build in difficult places also. The European Disposables and Nonwovens Association (EDANA) report states the approximately 750 sq. km geotextiles nonwoven products are produced and sold in the market every year, moreover from this 60% is been used in the construction of roads. Also, international connectivity projects such as Belt and Road initiative by China are focusing on constructing roads to improve its connectivity with its neighboring countries. More connectivity projects within the nation and between the nations through road will increase the demand for geosynthetics industry.
Geosynthetics Market Segment Analysis – By End-Use Industry
The infrastructure industry was the largest end-use industry in the geosynthetics market in 2020 and is expected to register a CAGR of 9.3% during the forecast period. Under it, the share of infrastructure construction is growing in the developing countries, which is leading to a growth opportunity for the geosynthetics industry. The geosynthetics material and product helps in maintaining the grip and stability of the soil, this helps in improving and strengthen the base of buildings and other construction projects. Furthermore, growth in various infrastructure projects such as rail, road, dams, bridges, airports, and other such projects would drive the growth of the geosynthetics market.
Geosynthetics Market Segment Analysis – By Geography
Asia-Pacific region is the dominating region as it holds the largest share in the geosynthetics market in 2020 up to 41.9%, owing to the growing infrastructural development projects such as building, roads, railroads, and also increased use of geosynthetics in the other sectors such as agriculture, environment, water management, and other sectors. Countries like India, China, and Singapore are emerging markets due to economic reforms, infrastructural development, and rising per capita income. “100 Smart Cities Project”, “Bharatmala Project”, “Housing for All by 2022”, “Dedicated Freight Corridors”, and “Narmada Valley Development Project” are some of the ongoing Indian government projects, these will help in increasing the demand for geosynthetics industry. According to the Australian trade and investment commission, the Singapore government spends at least US$2 billion on public infrastructure each month. Also, the projected construction demand in 2018 and 2019 was betweenUS$26 billion to US$35 billion in Singapore. Such infrastructural development projects at the Asia-Pacific region level would help in driving the growth of the Geosynthetics market.
Geosynthetics Market Drivers
Rapid Development in the Construction Industry
There is an increasing demand for geosynthetics products especially the non woven geotextile, geocells, and geogrids for the construction of roads, railway tracks, pavements, buildings, and dams due to their grip holding capacity and also absorption capacity. Across the globe infrastructural development projects are increasing resulting in the need for more connectivity through road, rail, and ports. Few such projects are Uk’s High speed 2 and High Speed 3 projects, France’s Grand Paris Express, West Africa’s Great Green Wall of Sahara, Qatar’s Qatar Expressway programmes are some world-level projects. According to the data of the ministry of textiles as of 2019 in India,40 geotextile projects are ranging from road construction, water reservoirs to slope stabilization projects. Thus, the increasing construction activities across the globe and various government initiatives are anticipated to drive the geosynthetics market.
Government Support
The government across the world is promoting the use of geosynthetics products in infrastructural development projects, environmental projects, wastewater management, agriculture, mining, and other such applicable fields. US government has imposed strict rules and regulations regarding the application of geosynthetics to minimize the erosion impact. Moreover, under Resource Conservation and Recovery Act (RCRA), the USA has also made it compulsory to use geosynthetics in the landfill. In Europe, it is made mandatory to use geotextiles in construction projects to promote the use of geosynthetics. World’s largest geosynthetics market China was doing heavy public spending on transportation infrastructure; as a result, it helped China from recovering April’s pandemic-induced lows. The government of India is increasing its investment in projects of housing, safe drinking water, healthcare infrastructure, educational institutes infrastructure, railways, airports, bus terminals, metro, irrigation project, dam constructions, etc. and it is promoting to increase the use of geosynthetics for improved strength. Thus, increased government support will drive the geosynthetics industry and would help in increasing the geosynthetics market share.
Geosynthetics Market Challenges
Fluctuating raw material prices
Geosynthetics are made from synthetic fibers such as polypropylene, polyester, polyvinyl chloride, polyamide, and other such materials. Any shift in the demand and supply of these raw materials could affect the production of geosynthetics products. Also, the material price keeps on fluctuating resulting in high prices. Moreover, the components of synthetic fibers are extracted from crude oil, thus the increase in crude oil prices affects the prices of raw materials and as a result of this the geosynthetics product price is increasing. Thus, the fluctuating price of raw material possesses a challenge for geosynthetics market.
Geosynthetics Market Landscape
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the Geosynthetics market. Major players of the geosynthetics market are:
- TenCate
- GSE Holdings, Inc.
- NAUE GmbH & Co. KG
- Texas Spa
- Fibertex Nonwovens A/S
- Tensar International Corporation
- HUESKER
- Strata Systems Inc.
- AGRU America Inc.
- SKAPS Industries
Acquisitions/Technology Launches
- In March 2021, HUESKER introduced the Fortrac T eco PET recycled yarn geogrid ecoline version.
- In March 2019, Texas SPA introduced GRAVEL LOCK, a cuspated composite, with a rolled HDPE geogrid with a polypropylene non-woven material used for stable gravel floors for pedestrians and passages of vehicles.
- In February 2019, STRATA Systems, Inc opened its manufacturing plant in India for the growing demand for geosynthetics products globally.
Relevant Reports
Nonwoven Geotextiles Market –Forecast(2021 - 2026)
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Geotextile Market –Forecast(2021 - 2026)
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