Geocomposites: Worldwide Market Opportunity Forecasts to 2023 - GSE Environmental, TenCate Geosynthetics, Maccaferri, ABG, and Thrace Group are Dominating
DUBLIN, July 10, 2018 /PRNewswire/ --
The "Geocomposites Market by Product, Function, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The geocomposites market is estimated at USD 423.7 million in 2018 and is projected to reach USD 740 million by 2023, at a CAGR of 11.8% between 2018 and 2023. The growth of the geocomposites market can be attributed to the growing construction & infrastructural projects, supportive government policies, and increasing environmental protection regulations.
The geocomposites market has been segmented on the basis of product type, function, application, and region. Based on function, the geocomposites market has been classified into drainage, containment, and others.
On the basis of product type, the geocomposites market can be segmented in to five products types, namely, geotextile-geonet, geotextile-geocore, geotextile-geogrid, geotextile-geomembrane, and others. The geotextile-geocore product type accounted for a major market share in 2017, due to its large-scale application in road & highway applications.
The geocomposites market is divided into three segments on the basis of its functions, namely, drainage, containment, and others. Drainage is the leading function of geocomposites used in civil & road construction, trench drains, pavement base course or edge drains, tunnel in railways and roads, rooftop, retaining walls and bridge abutments, and other applications.
In terms of applications, the geocomposites market is segmented into to five categories on the basis of applications, which include water & wastewater management, road & highway, landfills & mining, soil reinforcement, and others. The major application of geocomposites is in road & highway. Road & highway is expected to be the fastest-growing application of the geocomposites market. Geocomposites find wide applications due to its properties such as high tensile strength, durability, easy installation, and cost-effectiveness.
APAC was the fastest-growing geocomposites market, in terms of both value and volume. The rise in demand for geocomposites from the emerging economies and increase in government spending on infrastructural projects are the main factors contributing to the growth of the market in APAC.
Some of the drivers identified for the market growth of geocomposites are the growing construction & infrastructural projects and supportive government policies and increasing environmental protection regulations. The restraining factor identified is the absence of quality control in developing economies.
GSE Environmental (US), TenCate Geosynthetics (US), Maccaferri S.P.A. (Italy), ABG LTD (UK), and Thrace Group (Greece) are the key players operating in the geocomposites market. These key players offer a wide range of geocomposites to strengthen their competitive positions and cater to the growing demand for geocomposites from the road & highway, water & wastewater management, and landfill & mining applications.
GSE Environmental is among the major players in the geocomposites market. The company is focused on expanding its product portfolio and gaining a competitive edge over other players in the geocomposites market.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Geocomposites Market
4.2 Geocomposites Market, By Application
4.3 Geocomposites Market, By Function and Region
4.4 Geocomposites Market, By Product Type
4.5 Geocomposites Market, By Country
5 Market Dynamics
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Infrastructure With Supportive Government Policies
5.1.1.2 Environmental Protection Regulations
5.1.1.3 Cost-Effective Solution
5.1.2 Restraints
5.1.2.1 Absence of Quality Control in the Developing Countries
5.1.3 Opportunities
5.1.3.1 Growing Infrastructure in the Developing Countries
5.1.4 Challenges
5.1.4.1 Fluctuating Raw Material Prices
5.2 Porter's Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Suppliers
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends and Forecast of the Construction Industry
7 Geocomposites Market, By Product Type
7.1 Introduction
7.1.1 Geotextile-Geonet Geocomposites
7.1.2 Geotextile-Geocore Geocomposites
7.1.3 Geotextile-Geogrid Geocomposites
7.1.4 Geotextile-Geomembrane Geocomposites
7.1.5 Others
8 Geocomposites Market, By Function
8.1 Introduction
8.1.1 Drainage
8.1.2 Containment
8.1.3 Others
9 Geocomposites Market, By Application
9.1 Introduction
9.1.1 Water & Wastewater Management
9.1.2 Road & Highway
9.1.3 Landfill & Mining
9.1.4 Soil Reinforcement for Civil Construction
9.1.5 Others
10 Geocomposites Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Russia
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 Australia
10.4.4 India
10.4.5 South Korea
10.5 Middle East and Africa (MEA)
10.5.1 UAE
10.5.2 Saudi Arabia
10.5.3 South Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
11 Company Profiles
11.1 Thrace Group
11.2 GSE Environmental
11.3 Skaps Industries
11.4 ABG LTD
11.5 Hans Geo Components
11.6 Tencate Geosynthetics
11.7 Maccaferri S.P.A
11.8 Terrem Geosynthetics
11.9 Huesker Synthetics GmbH
11.10 Tenax Group
11.11 Other Key Players
11.11.1 Low & Bonar Slovakis A.S.
11.11.2 Contech Engineered Solutions Lic
11.11.3 Edifloor S.P.A.
11.11.4 American Wick Drain Corporation
11.11.5 Texinov
11.11.6 Climax Synthetics Pvt. Ltd.
11.11.7 Tema Corporation
11.11.8 Alyaf Industrial Co. Ltd
11.11.9 Feicheng Lianyi Engineering Plastics Co., Ltd.
11.11.10 Qingdao Haisan New Energy Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/rqbgkq/geocomposites?w=5
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