Geosynthetics Market Study Innovative Business Growth, Outlook Forecasting – Backlinkget.com

The global geosynthetics market is set to gain traction from the increasing usage of sustainable building materials. Geosystems reduce the usage of natural materials, such as aggregates and sand, thereby simplifying construction activities. In a typical cross-section, for instance, the depth of aggregate layer can be cut off so that less mining is needed for the construction of roads.

This Report Answers the Following Questions:

How big is the market?
What are the geosynthetics market trends and growth drivers?
Which region would remain at the forefront in the near future?
Which are the top companies present in the market?
What are the challenges that the market may face in the coming years?

Regional Analysis-

Geographically, the market is segregated into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Amongst these, North America held USD 10.27 billion geosynthetics market revenue in 2018 and is set to remain in the dominant position. The main reason for growth is the high demand for metals such as gold, bauxite, zinc, silver, and copper. It is enhancing the mining sector in the U.S. Besides, the ever-increasing demand for various metals from construction, automobile, and electronic industries has thereby, attracted the attention of many companies and hence, they have begun expanding their mineral exploration projects. Coupled with this, ongoing infrastructure projects and rapid industrialization would drive the growth of the market in this region in the coming years.

Competitive Landscape-

The market consists of numerous big, small, and medium enterprises. They are mainly focusing on enhancing their businesses by delivering their products to various end-use application industries. Below are a couple of the latest industry developments:

July 2019: HUESKER, a provider of high-quality geosynthetics for various applications, based in Germany, introduced its new ecoLine geogrids. They are made from recycled polyethylene terephthalate (PET). The main aim of the company is to offer environmentally friendly solutions that would help in conserving natural resources during production process.
December 2017: Groupe Solmax, a manufacturer of geosynthetics headquartered in Canada, completed its acquisition of GSE Environmental, a marketer and manufacturer of geosynthetic barrier systems based in Houston. As per the company officials, this acquisition would help in transforming Solmax into an industry leader. It would also gain several opportunities to help in remoulding the industry, based on drivers, namely, deep R&D capabilities, superior quality products, efficiency, and operational excellence.

Fortune Business Insights™ presents a list of companies operating in the geosynthetics market. They are as follows: