The growth of the building and construction sector complements the demand for Geosynthetic materials to be used in these applications driving the global Geosynthetics Market.
JERSEY CITY, N.J., Oct. 28, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Geosynthetics Market" By Function (Separation, Drainage, Filtration), By Application (Road & Pavements, Drainage Systems, Containment & waste Water, Water Management), and By Geography. According to Verified Market Research, the Global Geosynthetics Market size was valued at USD 8.85 Billion in 2020 and is projected to reach USD 13.73 Billion by 2028, growing at a CAGR of 5.56% from 2021 to 2028.
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Global Geosynthetics Market Overview
Geosynthetics have penetrated in several sectors in the recent past. Geosynthetics are used as filtering elements in drainage systems that improve filtration performance by producing continuous filaments of polypropylene. These fabrics are employed as filtration systems to ensure maximum harmful elements are trapped and not released to the environment in water bodies and soil. Geosynthetics are also mixed with asphalt to increase the cracking resistance by reinforcing the asphalt and providing stiffness in the roadway construction. In dam construction, these are employed to reduce the erosion potential of water as the water flows along the geonet which increases the lifespan of the dam. Geomembranes on the other hand are plastic sheets that are employed in landfill, canal, and tunnel lining applications in order to hold the top surface in its place and avoid felling of debris.
Thus, it performs a critical function to make these sites safe for human use and increases life. Geocells are employed in construction works to control erosion on steep slopes, retaining walls and act as a sub-base support to railway tracks, road bases, etc., as it has that ability to spread loads over a larger area. The increase in government spending to improve infrastructure in many countries to raise the standard of living coupled with the increase in industrialization has uplifted the growth of the building and construction sector. Also, increasing norms for environmental safety to reduce sediment control and land erosion have positively impacted the demand for Geosynthetics. These factors combined with the several benefits combinedly leads to the growth of the Geosynthetic market.
Key Developments in Geosynthetics Market
The major players in the market are Tenax Corporation, GEO Synthetics LLC, NAUE GmbH & Co. KG, Huifeng Geosynthetics, Low & Bonar Plc., TenCate Geosynthetics, Polymer Group, Inc., GSE Environmental, LLC.
Verified Market Research has segmented the Global Geosynthetics Market On the basis of Function, Application, and Geography.
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