Market Size of Geosynthetics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Geosynthetics Market Analysis
The geosynthetics market is expected to grow at a CAGR of over 9% during the forecast period. Geosynthetics are engineering materials, which are designed to improve the mechanical and physical properties of soil. Geosynthetics are light, flexible, possess high tensile strength, and are extendable on the application of loads.
- One of the major factors driving the growth of the market is the increasing demand from the infrastructure sector in Asia-Pacific, mainly in China, India, and ASEAN countries.
- The market has an opportunity in the usage of green roof and green wall in the construction industry to control soil erosion and for the better drainage system to the remove excess rain water from the roof top.
