Geosynthetics are polymer-based products used with soil, rock, earth or other geotechnical engineering related material as an integral part of a man-made project, structure or system. Geosynthetics provide cost-effective solutions for various civil engineering applications like waste containment, drainage, control shrink and swell soils, separation, reinforcement and as barriers for liquids, gases or other particulate matter. With increasing infrastructure projects globally and rapid urbanization in developing countries, demand for geosynthetics is expected to rise for applications like landfill liners, erosion control, retention walls and drainage layers in roads & highways.

The Global Geosynthetics Market is estimated to be valued at US$ 16.86 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Geosynthetics are Nippon Paper Industries Co., Ltd.,,Mondi Plc,,Metsa Board Oyj,,WestRock,,Oji Holdings Corporation.

The key opportunities in the market include growing wastewater infrastructure and rising demand from energy industry for shale gas extraction. Asia Pacific region especially China and India represents major growth opportunity owing to large infrastructure projects.

Technological advancements geared towards development of innovative geosynthetic materials with improved properties like strength, longevity and durability will further drive the demand. Newer materials like geocomposites are gaining acceptance for complex applications.

Market drivers

Growth of construction industry globally is a major driver for Geosynthetics Market Value. Rapid urbanization and infrastructure development especially in emerging economies is propelling the usage of geosynthetics in construction of roads, dams, landfills and waste management. Application in transportation infrastructure accounts for over 30% of global geosynthetics demand. Increasing expenditures on transportation is augmenting the market growth. Geosynthetics offer safe, cost-effective and environment-friendly solutions for civil engineering applications as compared to conventional materials. This is further fueling their adoption across regions.

Current challenges in Geosynthetics Market
The geosynthetics market is facing challenges due to rise in raw material prices globally. Prices of raw materials like polypropylene, polyethylene and polyester have witnessed steep rise in the last year affecting the production cost for manufacturers. Supply chain disruptions caused due to COVID-19 pandemic has also posed challenges in terms of material availability and transportation of finished goods.

SWOT Analysis
Strength: Wide range of applications in construction sector for infrastructure development.
Weakness:High dependence on petroleum based raw materials which are prone to price volatility. Lack of awareness about products in developing regions.
Opportunity: Growing investment in road construction projects and landfill projects present new opportunities. Development of innovative bio-based and recycled materials based geosynthetics.
Threats: Stringent regulations regarding use of plastic based materials. Changing preference towards green materials.

Geographical regions with high market concentration
The geosynthetics market in North America has the highest value share globally, mainly driven by the robust spending on infrastructure projects in the United States. Asia Pacific is also a major regional market with China and India showing high growth potential due to rapid urbanization and government support for infrastructure development.

Fastest growing region for Geosynthetics market
Asia Pacific region is poised to witness the fastest growth in the geosynthetics market during the forecast period from 2024 to 2030, projected to expand at a CAGR of over 5%. This rapid growth can be attributed to the rising construction activities, increasing investment in developing transportation facilities and strong economic growth in emerging countries of Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it