Market Size of South East Asia Geosynthetics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 184.82 Million |
| Market Size (2029) | USD 295.77 Million |
| CAGR (2024 - 2029) | 9.86 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South East Asia Geosynthetics Market Analysis
The South East Asia Geosynthetics Market size is estimated at USD 184.82 million in 2024, and is expected to reach USD 295.77 million by 2029, growing at a CAGR of 9.86% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020 as several industries, such as construction, manufacturing, and other industries, have been halted, and the shutdown of road and rail network projects also slowed down the growth of the geosynthetics market. Currently, the market has recovered from the pandemic and is growing at a significant rate.
- The growing roadways and railways construction projects, and the growing concerns regarding environmental protection are major factors driving the growth of the market studied.
- However, installation damage threats are likely to restrain the growth of the studied market.
- Nevertheless, growing investment in the mining sector is likely to create lucrative growth opportunities for the Asia-Pacific market.
- Indonesia represents the largest market over the forecast period due to the consumption from various applications such as drainage, soil erosion control, liquid/gas storage, reinforcement, and others.
