Materials & Chemicals / Geogrid Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Low & Bonar, Royal Ten Cate, Officine Maccaferri, Huesker Synthetic
Geogrid Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Low & Bonar, Royal Ten Cate, Officine Maccaferri, Huesker Synthetic
Acknowledging the kind of traction gained by this market, industrydataanalytics recently published a study report asserts the global Geogrid Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.7% during the review period (2022 to 2027).
Geogrid Market Scope:
Geogrids are categorized as geosynthetics materials used to reinforce soils and similar materials. It is commonly used to reinforce retaining walls and subsoils or subbases below structures or roads. The manufacturing method involves extruding the flat plastic sheet into the desired structure, where the plastic used is HDPE. They are widely used in the construction industry mainly because of their properties, such as good tension capability and ability to distribute higher load across a huge area. These products are also used in road and railway development activities owing to reduced time, maintenance costs, and thickness of rail tracks & roads.
Recent Development:
TenCate shows digital finishing solution at Kampeer
TenCate is showcasing novel previews of the possibilities that digital textile finishing can offer at the Kampeer en Caravan Jaarbeurs 2014 in Utrecht, which began on Oct 8.
TenCate Outdoor Fabrics will display how this revolutionary technology will give maximum freedom to the design and production of digitally finished cloth qualities for both tents and sun awnings.
What are the major Applications, Types and Regions for Geogrid Market?
By Type, it is segmented into
Uniaxial
Biaxial
Triaxial
Others
By Applications, it is segmented into
Road construction
Railroad stabilization
Soil Reinforcement
Others
Geogrid Market Regional Analysis
North America holds the largest global geogrid market share. The concentration of manufacturers in the U.S. is likely to drive the local market. The presence of manufacturers such as Tensar, GSE Environmental, Strata system, Propex Operating Company, and Carthage make North America the largest market. There has been substantial growth in the infrastructural development attributed to the increased government investments in construction projects. For instance, the Trump Administration declared its infrastructural plan worth USD 1.5 trillion to enhance the roads, ports, bridges, clean energies, schools, and other public facilities. The stringent rules imposed by the Environmental Protection Agency (EPA) on the use of non-degradable polymers and plastic have boosted the use of recyclable polymers, such as HDPE.
Europe is one of the prominent markets attributed to the rapid industrial and infrastructural development in countries such as Germany, Italy, Greece, the U.K., and France. The development of the public infrastructure to support the tourism sector is augmenting the construction sector, thereby contributing to the overall market growth in this region. The product adoption in road construction and railroad stabilization will also drive the regional market.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Geogrid market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Geogrid market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Geogrid positively.
Geogrid Market Structure Analysis:
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 4.7% during the review period (2022 to 2027).
By Type
Uniaxial
Biaxial
Triaxial
Others
By Application
Road construction
Railroad stabilization
Soil Reinforcement
Others
By Companies
Low & Bonar, Royal Ten Cate, Officine Maccaferri, Huesker Synthetic
Regions Covered
• North America
• Europe
• Asia-Pacific
• Rest of the World
Countries Covered
• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
116
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Geogrid Report
Evaluate Geogrid market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What segments are covered in the Geogrid Market report?
The Global Geogrid Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Geogrid Market?
The sample report for the Geogrid Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
