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Geosynthetics market growth potential from geotextiles, North America to emerge as a prominent growth avenue by 2024

Author : Rahul Varpe | Published Date : 2019-03-08 

Geotextiles, an integral product vertical of geosynthetics market, have been experiencing a preferential position in today’s construction projects such as upkeep of roads, dams, harbors, airfields, and canals.  This is due to the fact that non-woven geotextiles provide viable solutions to projects where conventional granular construction materials are not readily available.

While civil workers were initially reluctant of deploying these new filter materials, the notable difference it has brought in designing the base and stabilizing the terrain, has led to an increased geotextile consumption in repair activities. Aided by the benefits of its inherent superior properties like permeability, retention, porosity, retention, and tensile strength, experts claim that geotextile market from pavement repair applications is expected to exceed USD 480 million in 2024.

Geosynthetics Market may surpass USD 17 billion by 2024; according to a new research report. Increasing need for improved infrastructure in public and private sectors, along with stringent regulatory norms should propel geosynthetics market. Increasing urbanization in India, Brazil and China along with supportive government policies towards infrastructure development such as road, dam, and canal, thereby stimulating industry growth.

To access a sample copy or view the Geosynthetics Market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2254

Polyester based geocells market demand is poised to exceed USD 55 million over the forecast timeframe. It possesses long term design strength, high tenacity, and high oriented polyester filament which provides superior engineering properties. It is preferably designed for improved performance in earth reinforcement and load support applications, which may further boost geosynthetics market.

North America led by Canada and the U.S. geosynthetics market demand is expected to be over USD 4.5 billion by 2024. AASHTO has considered various standard specification for geotextiles and registered installation norms for application in separation, erosion control, pavement, and drainage.

Europe driven by France, UK, Italy, and Germany geosynthetics market should register significant gains at over 4% up to 2024. Increasing government initiatives for roads, airports, green building, and railways accompanied with rising environmental concerns towards solid waste and waste water treatment should drive regional industry growth.

Asia Pacific geosynthetics market, driven by Japan, China, South Korea and India is expected to exceed USD 5.5 billion by 2024. Growing environmental concerns and consumer awareness for biodegradable material consumption should propel regional growth. Low labor wages and manufacturing costs may support industrial participants to set up various production facilities in China region.

Global geosynthetics market share is concentrated with various players including Royal TenCate, TENAX, Tensar International, TYPAR, Fibertex, and Huesker High R&D spending by manufacturers accompanied with various environmental regulations may improve & expand product diversification, thereby stimulating industry growth.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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