Global Geosynthetics Market to Reach US$20.8 Billion by 2023; Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023: TMR

ALBANY, New York, August 22, 2016 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Geosynthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2023." According to the report, the global geosynthetics market was valued at US$ 9.57 Bn in 2014 and is anticipated to reach US$ 20.80 Bn by 2023, expanding at a CAGR of 9.1% between 2015 and 2023.

Geosynthetics are man-made polymeric products that are used to stabilize terrain by enhancing their properties. Geosynthetics can be divided on the basis of products into geotextiles, geomembranes, drainage composites, geogrids, and others. Furthermore, geosynthetics can be divided on the basis of function into reinforcement, containment, separation, drainage, and filtration. In terms of volume, Asia Pacific accounted for more than 30% share of the global geosynthetics market in 2014. Increase in construction projects and mining activities is expected to drive the global geosynthetics market during the forecast period. Volatile raw material prices and availability of inexpensive alternatives are projected to act as a challenge for the geosynthetics market until 2023. Factors such as increased usage of geosynthetics in green roof and green wall coupled with government initiatives to promote usage of natural geosynthetics are anticipated to act as an opportunity for the geosynthetics market during the forecast period.

Browse Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/geosynthetics-market.html

Middle East & Africa is anticipated to be the fastest-growing market for geosynthetics during the forecast period owing to increasing demand from the construction industry. Asia Pacific constituted the largest share of the geosynthetics market in 2014. Demand for geosynthetics in the region is estimated to be largely driven by rapid rise in demand of geosynthetics in India, China, and ASEAN. Growth in the mining sector and increasing infrastructure development are projected to drive demand for geosynthetics in Asia Pacific in the next few years. The geosynthetics market in North America is projected to witness decent growth after the steady recovery from the economic slowdown. This trend is likely to continue up to 2023. The market for geosynthetics in Europe is likely to display moderate growth due to continuous economic downturn. The geosynthetics market in Latin America is estimated to witness sluggish growth in the next eight years primarily due to average demand from end-user industries.

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The geosynthetics market is highly fragmented. High degree of competition exists between manufacturers. Key players operating in the geosynthetics market include Low & Bonar PLC, AVINTIV Inc., Officine Maccaferri S.p.A., NAUE GmbH & Co. KG, Agru America, Inc., Propex Operating Company, LLC, TenCate Geosynthetics, GSE Environmental, Inc., Tenax Corporation, and Tensar International Corporation.

Browse Regional Market Analysis: http://www.europlat.org/demand-from-india-china-and-asean-countries-keeps-asia-pacific-geosynthetics-market-dominant.htm

The report segments the global geosynthetics market as follows:

Geosynthetics Market - Product Segment Analysis 

• Geotextiles
• Geomembranes
• Geogrids
• Drainage Composites
• Others (Geosynthetic Clay Liners, etc.)

Geosynthetics Market - Function Analysis 

• Containment
• Reinforcement
• Filtration and Drainage
• Others (Separation, etc.)

Geosynthetics Market - Regional Analysis 

North America 

• U.S.
• Rest of North America

Europe 

• France
• UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific 

• China
• Japan
• ASEAN
• Rest of Asia Pacific

Latin America 

• Brazil
• Rest of Latin America

Middle East & Africa (MEA) 

• GCC
• South Africa
• Rest of MEA

Browse Research PR: http://www.transparencymarketresearch.com/pressrelease/geosynthetics-market.htm

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• Geofoams Market: http://www.transparencymarketresearch.com/geofoams-market.html

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About TMR 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research