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South Asia Geosynthetics Market, By Product Type (Geotextile, Geomembrane, Geogrid, Goenet, Geocomposite, Geosynthetic Clay Liner, Others (Geofoam and Geocell)), By Material Type (Polyethylene (HDPE/LLDPE, Others), Polypropylene (PP), Polyester, Natural fibers, Others (PVC, Synthetic Rubber, etc.)), By Primary Function (Separation, Drainage and Filtration, Reinforcement, Containment), By Application (Road (Paved & Unpaved), Railways, Retaining Walls, Dams, Riverbanks, Waterworks, Landfill & Erosion Control, Others (Agriculture, Nursery, etc.)) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
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Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker SOUTH ASIA GEOSYNTHETICS MARKET ANALYSIS South Asia Geosynthetics Market, By Product Type (Geotextile, Geomembrane, Geogrid, Goenet, Geocomposite, Geosynthetic Clay Liner, Others (Geofoam and Geocell)), By Material Type (Polyethylene (HDPE/LLDPE, Others), Polypropylene (PP), Polyester, Natural fibers, Others (PVC, Synthetic Rubber, etc.)), By Primary Function (Separation, Drainage and Filtration, Reinforcement, Containment), By Application (Road (Paved & Unpaved), Railways, Retaining Walls, Dams, Riverbanks, Waterworks, Landfill & Erosion Control, Others (Agriculture, Nursery, etc.)) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
South Asia Geosynthetics Market 2017 – 2027 Geosynthetics are excellent civil engineered materials that are essential and indispensable for environmental applications such as reinforcing soil, separation, drainage, barriers, containment, and protection. These materials are made up of polymeric materials and are available in different types these include geotextiles, geonets, geogrids, vertical drains, geosynthetic clay liner, geomembranes pre-fabricated, geocells, and geocomposites. High-density polyethylene (HDPE), natural fiber polyester, polypropylene (PP), PVC, and synthetic rubber are some of the common raw materials that are used to manufacture geosynthetics. Some of the major applications of geosynthetics are separation, drainage, filtration, reinforcement, and containment. The South Asia geosynthetics market is projected to surpass US$ 2,500 million by the end of 2027, in terms of revenue, growing at CAGR of 13.2% during the forecast period (2019 to 2027). Drivers Growing development of road and rail networks in South Asia is expected to augment the growth of geosynthetics. In the development of road and rail infrastructure, it is used to base reinforcement, filtration & drainage facility, subgrade stabilization, and separation, absorption of overlay stress and reinforcement. In the rail network, it enhances stress propagation and offers improved stability. Thus, the rapid development of road &rail networks is expected to foster the growth of South Asia geosynthetics market. Rising demand from water containment and canaling projects is projected to accelerate the market growth of geosynthetics. Geosynthetics are widely used in waterproofing applications in order to prevent water absorption. Moreover, growing initiatives from the government to promote the development of water containment projects due to rising demand for water around the globe is expected to accelerate the market growth of geosynthetics. Figure 1. South Asia Geosynthetics Market, Revenue Share (%), By Country, 2018
Market Restraints Lack of skilled labor for the application of geosynthetic materials in construction projects is projected to restraint the growth of South Asia geosynthetics market. Moreover, fluctuating prices of raw materials used for the manufacturing of geosynthetic materials is further anticipated to hamper the market growth over the forecast timeframe. Lack of awareness regarding the benefits of geosynthetic products among contractors is expected to restrict the market growth of geosynthetic. Geosynthetics materials prevent soil erosion, offer reinforcement to the soil, and keep the layer intact. Across the developing countries of South Asia, still there is a lack of awareness regarding the benefits of geosynthetic materials and this factor is projected to hinder the market growth. Market Opportunities The growing construction industry coupled with the rising usage of advanced materials for the construction of high-scale projects is expected to offer numerous growth opportunities to the South Asia geosynthetics market. According to the Invest India, the construction industry in India is projected to
grow at 5.6% during 2016-20, compared to 2.9% during 2011-15. This is attributed to rising investment by the government in the construction industry. Growing demand for geosynthetic materials for landfill &erosion applications is expected to augment the market growth over the forecast period. The use of geosynthetic materials prevents soil erosion and stabilizes the soil, thus protect the environment. They are used as a filter in the soil erosion control. Hence, rising usage of geosynthetic material in landfill &soil erosion will favor the market growth over the forecast period. Figure 2. South Asia Geosynthetics – Market Opportunity Analysis Figure 3. South Asia Geosynthetics Market, Revenue Share (%), By Primary Function, in 2018
On the basis of product type, in 2018, geotextile accounted the largest market share of 53% in terms of revenue, followed by geomembrane and geogrid, respectively. Market Trends The rising trend of using different advanced materials to enhance the strength and durability of geosynthetic is expected to augment the market growth geosynthetic over the forecast period. For instance, in 2016, an Australia-based geosynthetic manufacturing company successfully tested a graphene-coated geotextile. The layers of graphene enhance the electrical and thermal conductivity of the geotextile and offer superior anti-clogging properties to the fiber. Various manufacturers and research organizations are conducting research programs for exploring the use of different materials such as nano-fibers for improving the performance of geosynthetic products is expected to propel the growth of South Asia geosynthetics market growth over the forecast period. Figure 4. South Asia Geosynthetics Market –Value Chain Analysis
Competitive Section Key players operating in the South Asia geosynthetics market are Koninklijke TenCate NV., GSE Environmental Inc., HUESKER Synthetic GmbH, Geofabrics Australasia Pty. Ltd., Tensar International Corporation, Poly fabrics Australasia Pty Ltd., NAUE Gmbh & Co. KG., Global Synthetics Pty Ltd., and Enviro Geosynthetics Pvt. Ltd. Few Recent Developments GSE Environmental Inc. ● In August 2016, the company announced the development of a new manufacturing line in the Kingstree, SC facility to meet the ever-increasing demand of innovative drainage products. The new manufacturing line will be capable of producing GSE’s full line of triplanar and biplanar geocomposite products ● In June 2016, GSE Environmental Inc. announced that they have won three prestigious awards for their creative work in the oil & gas and mining solutions brochures ● In April 2016, the company announced the introduction of its new product: Liner Integrity Monitoring System. The system was developed through a partnership with the Texplor Group •Request Sample Report •Request Customization •Download PDF Brochure •Talk to Analyst
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