LONDON, Jan. 13, 2016 /PRNewswire/ -- Geogrid a planar, polymeric structure consisting of a regular open network of integrally connected tensile elements, which may be linked by extrusion, bonding or interlacing, whose openings are larger than the constituents are. Geogrids are used primarily for reinforcement applications such as in road, and railway industry. They are generally used in retaining walls as well as in bases, and sub-soils under any structure or roads for strengthening purposes. If compared with soil, geogrids have a higher tension bearing property which allows them to transfer load to a large area of soil. Geogrids are designed to solve some toughest construction challenges, stabilization of soft soils, reinforcement of steepened slopes increasing right of way without taking more land, and walls to construct temporary structures to facilitate the construction process.
Asia-Pacific region dominated the global geogrids market size in terms of value in 2014 with around 35% share in the global market. Asia-Pacific is projected to have the highest market size in terms of value as well as volume by 2020, followed by the North America region. Asia-Pacific is also projected to be the fastest growing market, at a CAGR of around 17.0% from 2015 to 2020, owing to rise in consumption in the region, where end-user markets of geogrids is growing steadily, especially in road and rail infrastructural developments.
This study estimates the market size in terms of value and volume for geogrids and projects the same by 2020. As a part of quantitative analysis, the study segments the market by applications, and by region with the current market estimation and forecast till 2020. The regions covered in the report are North America, Europe, Asia-Pacific, and RoW. The segmentation by application includes road industry, railroad stabilization, soil reinforcement, and others. Further as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, burning issues, challenges, and key issues in the market. It also includes the company profiling and competitive strategies adopted by different market players, including Koninklijke Ten Cate N.V. (The Netherlands), ACE Geosynthetics Enterprise Co., Ltd. (Taiwan), Tensar International Corporation (The U.S.), Strata Systems (The U.S.), NAUE GmbH & Co. KG (Germany), and Low & Bonar PLC (U.K.), and others.
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