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Geocomposites Market by Product (Geotextile-Geonet, Geotextile-Geocore, Geotextile-Geogrid, Geotextile-Geomembrane), Function (Drainage, Containment), Application (Water Management, Road, Landfill, Soil Reinforcement), and Region - Global Forecast to 2023

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Geocomposites Market


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    marketsandmarkets presents

    MarketsandMarkets™

    Presents

    Geocomposites Market by Product, Function, Application & Region - Global Forecast to 2023

    geocomposites market worth 740 0 million

    Geocomposites Market worth 740.0 million USD by 2023

    The report "Geocomposites Market by Product (Geotextile-Geonet, Geotextile-Geocore, Geotextile-Geogrid, Geotextile-Geomembrane), Function (Drainage, Containment), Application (Water Management, Road, Landfill, Soil Reinforcement), and Region - Global Forecast to 2023" The geocomposites market is projected to grow from an estimated USD 423.7 million in 2018 to USD 740.0 million by 2023, at a CAGR of 11.8% between 2018 and 2023. The growing infrastructure activities with supportive government policies and evolving environmental protection regulations are driving the geocomposites market, as they offer better properties and are cost-effective.

    geocomposites market worth 740 0 million 1

    Geocomposites Market worth 740.0 million USD by 2023

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    70 data tables

    42 figures

    114pagesand in-depth TOC on “Geocomposites Market”

    Early buyers will receive 10% customization on this report.

    This is a Premium Report Priced at US $5650 for single user.

    The geocomposites market is projected to grow from an estimated USD 423.7 million in 2018 to USD 740.0 million by 2023, at a CAGR of 11.8% between 2018 and 2023. The growing infrastructure activities with supportive government policies and evolving environmental protection regulations are driving the geocomposites market, as they offer better properties and are cost-effective.Report Price :Single User License : US $ 5650

    Corporate User License : US $ 8150

    geocomposites market worth 740 0 million 2

    Geocomposites Market worth 740.0 million USD by 2023

    Based on product type, geotextile-geocoregeocomposite segment of the geocomposites market is projected to grow at the highest CAGR, in terms of value, during the forecast period.

    The geocomposites market is dominated by the geotextile-geocoregeocomposite segment, in terms of value as well as volume. The geotextile-geocoregeocomposite is the most popular product type widely used in the geocomposites market for applications such as bridge abutment, lightweight void fill, structural fill, tunnel and construction repair of existing tunnel, metro underground stations, railway tunnels, and others.

    geocomposites market worth 740 0 million 3

    Geocomposites Market worth 740.0 million USD by 2023

    The drainage segment of the geocomposites market is projected to grow at the highest CAGR during the forecast period, in terms of value.

    Geocomposites used in the drainage function is the largest segment of the market, in terms value as well as volume. Geocomposites are widely used in bridge abutment, lightweight void fill, structural fill, tunnel construction, repair of existing tunnel, metro underground stations, railway tunnels, and other applications in the drainage segment.

    geocomposites market worth 740 0 million 4

    Geocomposites Market worth 740.0 million USD by 2023

    The road & highway application is projected to account for the largest share in the geocomposites market during the forecast period, in terms of value and volume.

    Geocomposites are used for basic functions of roadways such as separation, drainage, filtration, and reinforcement. Geocomposites can be used to increase the strength and stability of underlying soil in roadways. Geotextiles-geogrid geocomposites are the most preferred geosynthetics used in the road & highway application. Geocomposites increase road life and are cost-effective for the road industry. These composites are used under the railway tracks to provide stabilization and reinforcement. In addition, they are used as a filter separator between ballast and sub-grade, providing lateral drainage system. Thus, road & highway is the dominant application of the geocomposites market.

    geocomposites market worth 740 0 million 5

    Geocomposites Market worth 740.0 million USD by 2023

    North America is estimated to be the largest market for geocomposites, in terms of value, in 2018.

    The continuous rise in the number of construction projects has resulted in high demand for geocomposite products. The growth and innovations in the US construction & infrastructure industry are estimated to generate a positive impact on the geocomposites market in the country. In addition, the initiatives taken by the governments of the countries in this region in building new highways are expected to further increase the demand for geocomposites from the construction industry. All these factors make North America the largest geocomposites market.

    geocomposites market worth 740 0 million 6

    Geocomposites Market worth 740.0 million USD by 2023

    Key Players in the Geocomposites Market:

    The major players operating in the industry are GSE Environmental (US), TenCate Geosynthetics (US), Maccaferri S.P.A. (Italy), SKAPS industries (US), ABG Ltd. (UK), Hans Geo Components (US), Huesker Synthetics GmbH (Germany), and Thrace Group (Greece) etc.

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