Pune, India, Jan. 17, 2022 (GLOBE NEWSWIRE) — The world geogrid market the size was $1.15 billion in 2020. The market is expected to grow from $1.19 billion in 2021 for $1.64 billion in 2028 at a CAGR of 4.7% during the period 2021-2028.

According to our expert researchers, the increase in infrastructure spending in the United States, Canada, China, India, United Kingdom, Germany and Russia due to the increase in public infrastructure projects such as bridges, roads, railways, airports and ports is likely to elevate the growth of the market.

List of Key Players Covered in this Market Report

• Huesker (USA)
• Tensar International Corporation (USA)
• TenCate Geosynthetics Europe (Austria)
• Strata Systems, Inc. (USA)
• Maccaferri Inc. (USA)
• Advanced Drainage Systems, Inc. (USA)
• NAUE GMBH & CO. KG. (Germany)
• Synteen technical fabrics (USA)
• CLIMAX SYNTHETIC PVT. LTD. (India)
• Veer Plastics Private Limited (India)
• BPM (China)
• GSE Environment (USA)
• S i A Pietrucha Sp. zoo (Poland)
• CTM Geosynthetics (India)
• TENAX Corporation (USA)

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Report cover

The report offers a detailed study of the Geogrid industry and an in-depth examination of major market segments. It provides an in-depth analysis of key players and their insightful strategies to boost market growth for monetary gains. He also shares tangible information that guides business owners in their investment perspective. The regional dynamics and how it is shaping the market in an upward curve are presented in the following report. Additionally, the impacts of COVID-19 have been added for further information and are expected to affect the demand for geogrid in the near future.

Segmentation

On the basis of materials, the market is categorized into HDPE, Polypropylene, and Polyester.

Based on product, the market is divided into uniaxial, biaxial and multiaxial.

By application, the market is branched into road construction, railways, ground reinforcement and others. The road industry segment is the dominant segment as the products are excessively used to construct port areas, airports, and high load roads.

Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Drivers and Restrictions

Extension of construction industry to support market growth

The growing activities and development of construction industry infrastructure progression would accelerate the demand for products due to their advantageous characteristics, such as high strong ductility, effortless handling and environmental protection, this which is likely to accelerate growth. Due to rapid urbanization, increasing population and future infrastructure allocations, the construction industry in India is booming. Hence, this is also expected to support the growth of the geogrid market over the coming years.

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Regional outlook

North America held the largest global geogrid market share. The focus on manufacturers in the United States is expected to boost the regional market. There has been considerable growth in infrastructure development accredited by rising government spending on construction projects.

Europe is one of the important markets attributed to the rapid development of industry and infrastructure in countries like Germany, Italy, Greece, UK and France.

Asia-Pacific is growing rapidly due to the industrial and fiscal development of developing countries such as India, China, and South Korea.

Competitive landscape

Collaborations between companies to protect their brand values ​​in the global market

Prominent players in the market continually opt for operational tactics to promote their products and establish their positions in the market. One such approach is to launch new products by partnering with other companies to extend their reach to end users.

Development of key industry

• March 2021: HUESKER Group stated that the Fortrac T geogrid is available in the ecoLine version. Flexible geogrid for reinforced soil structures is made from reprocessed 100% polyester (PET) yarns.

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Detailed Table of Contents:

• introduction
  • Search scope
  • Market segmentation
  • Research Methodology
  • Definitions and assumptions
• Summary
• Market dynamics
  • Market factors
  • Market constraints
  • Market opportunities
  • Emerging trends
• key ideas
  • Main emerging trends – for main countries
  • Industry SWOT Analysis
  • Regulatory analysis
  • Recent Industry Developments – Policies, Collaboration, Partnerships, New Product Launches and Mergers & Acquisitions
• Global Geogrids Market Analysis, Outlook and Forecast, 2017-2028
  • Main results/summary
  • Market size estimates and forecasts
    • By material (value/volume)
      • HDPE
      • Polypropylene
      • Polyester
    • By product (value/volume)
      • uniaxial
      • Biaxial
      • Multiaxial
    • By application (value/volume)
      • road construction
      • Railway
      • Soil reinforcement
      • Others
    • By region (value/volume)
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa

TOC Continued…!

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