LONDON, Nov. 26, 2014 /PRNewswire/ -- The Geosynthetics market size in terms of value is projected to grow at a CAGR of 10.99% between 2014 and 2019 to reach $15,403.7 million by 2019. North America held the largest share in 2013, in terms of value.
The Geosynthetics market in North America region is growing fast, mainly due to evolving environmental regulations and standards, for example, The Environmental Protection Agency (EPA) in the U.S. has regulated all coal ash containment sites to use geosynthetics liners.
The Asia-Pacific region alone is expected to generate over 38% of the global geosynthetics demand in the coming five years, as developing countries in this region plan to undertake large scale infrastructure and other development projects. In addition, erosion control projects such as preventing soil erosion in the coastal regions, and construction of canals and reservoirs will also boost growth of geosynthetics in this region.
Partnerships, Agreements, Joint Ventures and Collaborations were the most preferred growth strategy among the major players in the geosynthetics market, globally. The major players are enhancing the global presence. For example, GSE Environmental (U.S.) opened new manufacturing facility in China for geomembrane products.
Many companies offering geosynthetics are actively trying to increase their product portfolio and regional presence to cater to different regional markets. Asia-Pacific is the fastest growing market in terms of value during 2014-2019, mainly due to huge investment in the infrastructure projects in the region.
The major players in the geosynthetics market are FiberWeb PLC (U.K.), Low & Bonar PLC (U.K.), Propex Global (U.S.), GSE Environmental (U.S.), and Agru America (U.S.). These companies showed significant presence among other players in the global geosynthetics market.
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