Geosynthetics have a wide range of uses. It is nearly hard to find a significant infrastructure project that does not include the use of some form of geosynthetic component. This is why geosynthetics are a distinct type of material. They provide a variety of roles ranging from chemical containment to soil structural reinforcement, and many more in between such as drainage, material separation, and filtering. These are the most important geosynthetic uses. Therefore, the Asia-Pacific geosynthetics market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyzes that the Asia-Pacific Geosynthetics Market is expected to reach USD 10,288,889.05 thousand by 2030 from USD 6,373,698.47 thousand in 2022, growing at a CAGR of 6.2% during the forecast period of 2023 to 2030.
Key Findings of the Study
Expansion in Construction Industry in Asia-Pacific
Geosynthetics of various sorts are employed in civil engineering and building projects. Depleting sources of granular and other basic raw materials, along with restricted project funding have created new chances for inventive engineering to provide cost-effective solutions. One of these breakthroughs is the use of geosynthetics in civil engineering. Geosynthetics are recognized as genuine engineering materials that not only substitute for limited raw resources such as cement and steel but are also proving to be a fairly solid and good alternative to traditional designs. Despite the fact that geosynthetics are still relatively new in the construction industry, their utilization is growing year after year in areas such as fill reinforcement, pore water pressure control, foundations, and pavements. Aside from being cost-effective, they can also be quickly installed and aid in the quality monitoring of factory-created items. Geosynthetics are increasingly deemed vital and indispensable for a cost-effective solution in a variety of applications, including reinforcement, separation, filtration, drainage, barriers, erosion control, containment, and protection. Geosynthetics, also known as geosynthetic materials, are planar, polymeric (synthetic or natural) materials that are utilized in contact with soil/rock and/or any other geotechnical material to give benefits such as simplifying construction, improving road life, and minimizing future road maintenance.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Product (Geotextiles, Geomembranes, Geogrids, Geocells, Geonets, and Others)
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Countries Covered
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China, Japan, South Korea, India, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, Taiwan and Rest of Asia-Pacific
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Market Players Covered
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CMC (U.S.), Leggett & Platt, Incorporated (U.S.), Officine Maccaferri Spa (Italy), Freudenberg (Germany), Berry Global, Inc. (U.S.), AGRU America, Inc. (U.S.), Glen Raven, Inc. (U.S.), Global Synthetics (Australia), HUESKER (Germany), Naue Gmbh & Co.KG (Germany), PRS Geo-Technologies (U.K.), Schouw & Co. (Denmark), SKAPS Industries (U.S.), Solmax (Canada), and among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The Asia-Pacific geosynthetics market is segmented into one notable segment based on product.
- On the basis of product, the market is segmented into Geotextiles, geomembranes, Geogrids, geocells, geonets, and others.
In 2023, geotextiles segment is expected to dominate the Asia-Pacific geosynthetics market
In 2023, geotextiles segment is expected to dominate the market with a market share of 33.70% owing to the growth of expansion in the construction industry in Asia-Pacific.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in the Asia-Pacific geosynthetics market that include CMC (U.S.), Leggett & Platt, Incorporated (U.S.), Officine Maccaferri Spa (Italy), Freudenberg (Germany), Berry Global, Inc. (U.S.), AGRU America, Inc. (U.S.), Glen Raven, Inc. (U.S.), Global Synthetics (Australia), HUESKER (Germany), Naue Gmbh & Co.KG (Germany), PRS Geo-Technologies (U.K.), Schouw & Co. (Denmark), SKAPS Industries (U.S.), Solmax (Canada), and among others.
Market Development
- In April 2022, Commercial Metals Company announced that they have acquired TAC Acquisition Corp. ("Tensar") for a cash purchase price of USD 550.00 million. It will help in the expansion of Commercial Metals Company's penetration in engineered construction ground reinforcement.
- In November 2022, a deal to acquire the majority of the business and assets of Nilex Inc., an Edmonton-based company, and its wholly-owned subsidiary Nilex USA Inc. has been achieved by Leggett & Platt's Hanes Geo Components. This will help the company to widen its distribution network and product portfolio.
- In April 2022, the acquisition of Geosynthetic Systems of Ontario, Canada, by Terrafix Geosynthetic, a Hanes Geo Components subsidiary, has been accomplished. The acquisition will company to enlarge the distribution of products that are used in applications such as erosion and sediment control, drainage and stormwater management, and landscaping among others.
- In July 2022, Tensar unveiled its black box which consists of three key elements which are- a new design methodology, Tensar+ design software, and the Tensar InterAx geogrid. It will help the company to widen its geogrid product range and applications
- In January 2022, Terram launched Bodpave 40, a new and improved interlocking porous paving system, which is made from 100% recycled plastics. The product can be used for grass and ground reinforcement applications with a rapid installation rate and increased strength.
- In May 2020, a new patented technology was developed by the Serge Ferrari Group and applied to composite membranes to permanently eliminate coronavirus from surfaces. Serge Ferrari Tersuis, his Swicofil partner for high-strength polyester yarns and plasma metal-coated filament yarns, has announced the successful development of composite membrane technology. Developed and patented material that reduces the viral load of coronavirus.
- In August 2022, Fibertex Nonwovens announced the appointment of Carlos Benatto as President of Fibertex Nonwovens in North America. Carlos is a highly qualified and experienced senior executive with a proven track record at Fibertex for the last five years as Managing Director of Fibertex Nonwovens Brazil. This helped the company to grow in the new leadership and experience.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific geosynthetics market are China, Japan, South Korea, India, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, Taiwan and Rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
China is expected to dominate the Asia-Pacific geosynthetics market
China is expected to dominate the market owing to the growth of the geosynthetics industry in the region. China will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.
For more detailed information about the Asia-Pacific geosynthetics market report, click here – https://www.databridgemarketresearch.com/ko/reports/asia-pacific-geosynthetics-market
