Geosynthetics Market to hit $12 bn by 2024: Global Market Insights, Inc.

Geosynthetics Market Size By Product (Geotextile {By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir]}, By Product {Non-Woven, Woven, Knitted}, By Application {Road Construction, Erosion Control, Pavement Repair, Drainage, Railroad, Agriculture}), (Geogrids {By Material [Polyester, HDPE, PP], By Product [Uniaxial, Biaxial, Multi-Axial], By Application [Road Construction, Railroad, Soil Enforcement]}), (Geomembranes {By Material [HDPE, LDPE, EPDM, PVC], By Technology [Calendering, Extrusion], By Application [Water Management, Waste Management, Tunnels & Civil Construction, Mining]}), (Geonets {By Material [Polyethylene, HDPE, MDPE], By Application [Road Construction, Drainage, Railroad]}), (Geocells {By Material [HDPE, PP, Polyester], By Application [Earth Reinforcement , Load Support, Channel Protection, Slope Protection, Tree Root Protection]}), Forecas

Selbyville, Delaware, Dec. 12, 2017 (GLOBE NEWSWIRE) --

Geosynthetics Market share is set to exceed USD 12 billion by 2024; according to a new research report by Global Market Insights, Inc. Rapid urbanization in China, India and Brazil along with favorable government initiatives to improve infrastructure will favor housing, transport, construction and energy industries, thereby driving geosynthetics market size. Increasing environmental concerns along with shift in consumer trends towards green buildings and material should positively influence industry growth.

Strict environment norms implemented by EPA and REACH for construction industries coupled with increase in infrastructure spending in residential sector owing to massive movement of migrants to western countries and rising living standards of consumers should propel industry growth. Growth in geotextile market size is expected in construction application due to superior characteristics such as tensile strength, porosity, flexibility, permeability and compatibility should boost geosynthetics demand.

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Additionally, the demand for polyvinyl butyral is observed in building & construction vertical, as the construction activities are highly increasing in some parts of Asia Pacific, and Europe will show a positive effect on the growth of polyvinyl butyral market over the coming years. High product consumption in manufacturing balustrades, industrial & commercial facades, stairs & floors, overhead glazing, etc. are highly increasing, and this will give an additional boost to the growth of global polyvinyl butyral market till the end of the forecast period. Growing product consumption in stadiums, defense offices, airport terminals, and shopping malls will further drive the demand for polyvinyl butyral over the coming years.

Increasing recycling activities of polyvinyl butyral in some of the developing nations of APAC will show an adverse impact on the polyvinyl butyral market by restraining its growth over the projected years.

Browse key industry insights spread across 650 pages with 1,180 market data tables & 20 figures & charts from the report, “Geosynthetics Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

Uniaxial geogrids market size is likely to register significant gains at over 4.5% at the end of forecast timeframe. These products are mainly used as reinforcements on weak part of subgrade soils for erosion control and soil stabilization, resulting into longer lifespan of roads. Shifting consumer preference for modern construction along with increasing government spending on infrastructure development should positively influence geosynthetics market growth.

UK geosynthetics demand should expect consumption at over 385 million square meters by 2024. Strict regulation pertaining to solid waste management should enhance product demand. Regulatory bodies are promoting geomembrane application in municipal solid waste management systems. These products also prevent leakage and facilitate flow through designed drainage system. Proper drainage system will eliminate negative waste impact on surface & underground water bodies, thus propelling regional industry growth.

HDPE based geonets market size is likely to witness steady growth close to 5% over the forecast period. Increasing demand of geonets in soil reinforcement application owing to porosity, permeability and tensile strength should favor industry growth.

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Japan geocells market size is likely to exceed USD 30 million by the end of projected period. Increasing environmental concerns with rise in consumer awareness for consumption of biodegradable material should drive regional industry growth. Growth in soil erosion control program along with superior properties of the product to allow water passage and retain soil granules should enhance product demand, thereby driving regional geosynthetics market growth.

TENAX, Royal TenCate, Tensar International, Fibertex, TYPAR and Huesker are the prominent industry participants in geosynethtics market. Strong R&D spending by manufacturers in order to comply with various environmental regulations may improve and expand product portfolio thereby stimulating industry growth.

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Geotextile Market Forecast, 2016 – 2024

Geotextile Market size was over USD 4.5 billion in 2016 and industry expects volume consumption to exceed 10 billion sq. meters by 2024. Positive application outlook in construction, agriculture, erosion control, and drainage should drive geotextile market size. Shift in consumer preference regarding usage of biodegradable material consumption should fuel product demand.

High Density Polyethylene (HDPE) Market Forecast, 2016 – 2024

High Density Polyethylene (HDPE) Market size was valued at approximately USD 60 billion in 2015 with gains of over 4% CAGR between 2016 and 2024. HDPE is widely used for packaging in personal care products, pharmaceuticals, and food & beverages. It has a greater strength to density ratio and better mechanical properties as compared to low density polyethylene (LDPE).

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