Market Size of Geogrids Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Geogrids Market Analysis
The geogrids market is expected to record a CAGR of over 4% during the forecast period. Major factors driving the market studied are increasing application in road construction and growing application in preventing landslides. Dearth of awareness among consumers is expected to hinder the growth of the market studied.
- Application of geogrids in road construction dominated the market and is expected to grow during the forecast period owing to increasing demand because of its high tensile strength and minimal elongation nature.
- In high terrain areas, geogrids support soil laterally and aids in constructing roads easily.
- Asia-Pacific region dominated the market, with the largest consumption from countries such as China, India and Japan.
