17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Geogrids Market By Application (Railroad stabilization, Road Industry, Soil Reinforcement, Retaining Walls and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global geogrids market in 2019 was approximately USD 1200 Million. The market is expected to grow at a CAGR of 12.2% and is anticipated to reach around USD 2700 Million by 2026.
Geogrids are engineered polymers that are filled with sheets of high-density polypropylene or polyethylene, or different high persistent polymers that are noted and glazed. Uniaxial geogrids provide a small force that retains an aperture structure in the machine's cross-direction, whereas biaxial behaves the same as uniaxial standards, providing equal power in the direction of the machine cross and parallel. For widespread applications, as one aspect imparts on the other, engineers had engineered complex material by mixing geogrids to soil or geotechnical material through this whole method. As compared among others, geogrids provide decreased life cycle price and is economical. For soil reinforcement the least elongation with high tensile strength is sufficient.
Browse the full “Geogrids Market By Application (Railroad stabilization, Road Industry, Soil Reinforcement, Retaining Walls and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/geogrids-market-by-application-railroad-stabilization-road-industry-751
The driving factor behind the geogrids market is the application in roadways and railway products owing to the increasing infrastructure sector. Government initiative and funding support geogrid market growth. Increasing high-quality design specifications are anticipated to raise the geogrid market.
However, the patent limitations in product designs are hindering the market growth. Unskilled civil designers and engineers, and underdeveloped countries do not focus on R&D, which is hampering market growth. In the forecast period, the industrial, mining, and oil industries will expand opportunities for the geogrid sector. In recent times developing countries are experiencing radical transformation. In addition, the market remains competitive owing to unexploited opportunities with increasing demand for infrastructure.
Geogrids market is segmented on the basis of applications and regions. The application segment is divided into different categories such as soil reinforcement, railroad stabilization, retaining walls, road industry, and others. Geosynthetics the form of geogrids are used in soil reinforcement, geosynthetics items consistently have discrete aperture selection and high tensile strength. Amplified soil and geogrid interface is accomplished by openings built on either side which allows direct contact. The use of geogrids in road construction had reduced the aggregate material thickness. Due to the function, cost and load-bearing ability of geogrid materials, the road industry emerged as a potential segment. Huge productivity and curtail maintenance of highways and oil & gas sites are factors of the geogrid m
The U.S. is dominant in North America and globally due to the significant share in the geogrid market. Since 2015, China has emerged as a significant competitor in the geogrid industry. Almost 50% of the market share is occupied by the US and China in 2016 and it is expected that they will be the leading consumers in 2026. The growth of the geogrid market in Asia-Pacific and North America can be attributed to the growing end-users of road and railway segment.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1200 Million |
Projected Market Size in 2026 |
USD 2700 Million |
CAGR Growth Rate |
12.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
ACE Geosynthetics Enterprise Co., Ltd.,Hueskar Inc., NAUE GmbH & Co. KG, Low & Bonar PLC,Colbond Inc.,Tensar International Corporation, and Strata Systems, and Others |
Key Segment |
By Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
ACE Geosynthetics Enterprise Co., Ltd.,Hueskar Inc., NAUE GmbH & Co. KG, Low & Bonar PLC,Colbond Inc.,Tensar International Corporation, and Strata Systems among others.
This report segments the geogrids market as follows:
By Application Segmentation Analysis
- Railroad stabilization
- Road Industry
- Soil Reinforcement
- Retaining Walls
- Others
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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