Rapid Urbanization and Infrastructure Development Drives the Geosynthetics Global Market to Reach $27.6 billion by 2030

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Industry Experts, Inc., published its latest version of the report on the Geosynthetics Market. The new report reveals that the demand for Geosynthetics is estimated at US$17.7 billion in 2024 and projected to reach US$27.6 billion by 2030 at a CAGR of 7.7% between the two years.

Some of the factors instrumental in driving demand for Geosynthetics include infrastructure development in emerging economies, rapid urbanization and government investments in transportation, housing & energy, need to comply with stricter policies on waste management, water conservation & erosion control in the areas of landfill containment & protection of water resources and lower construction costs & extended lifetime of structures.

Asia-Pacific stands out as the leading global market size for Geosynthetics, estimated to account for a share of 44.8% in 2024, and is also likely to emerge as the fastest growing at a forecast CAGR of 9% during 2024-2030. Massive investments in transportation infrastructure across the region, such as highways, railways and airports are fueling demand for Geosynthetics. Rapid urbanization and population explosion in several countries of the region are further propelling demand for solutions that promote land stabilization, waste management and water conservation, all of which require Geosynthetics, such as Geotextiles and Geomembranes.

The report studies the Geosynthetics market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for product types of Geosynthetics analyzed in this report include Geocomposites, Geofoams, Geogrids, Geomembranes, Geonets and Geotextiles, among Other Geosynthetics (Primarily Geocells, Geomeshes & Geosynthetic Clay Liners). The study also examines the market for Geosynthetics by raw material, comprising Polyester, Polyethylene, Polypropylene and Polyvinyl Chloride, among Other Raw Materials ((Primarily Polyamide & Polystyrene). The functions where Geosynthetics are used as analyzed in this report include Barrier/Containment, Drainage, Filtration, Reinforcement and Separation, among Other Functions (Primarily Protection/Cushioning, among others). The report also analyzes applications of Geosynthetics, comprising Civil Construction & Soil Reinforcement, Erosion Control, Mining, Transportation Infrastructure, Waste Management and Water & Wastewater Management, among Other Applications (Primarily Drainage Systems, Energy and Marine & Coastal Structures).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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