Geosynthetics Market Will Be Worth of Us$20.8 Bn in 2023, Expanding at a Cagr of 9.1% by 2023

Transparency Market

Research

Geosynthetics Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

01-Dec-2015

184 Page Report

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Geosynthetics to Help Fight Soil Erosion, Protect Farmlands,

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Geosynthetics Market

REPORT DESCRIPTION

Geosynthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The global market for geosynthetics is expected to remain as a largely fragmented one, owing to the ease with

which companies can manufacture most synthetic fibers. While a majority of the market value was taken up by

regional players in 2014, the three leading players at the time had held a collective share of 27.7%. TenCate

Geosynthetics, GSE Environmental, Inc., and Officine Maccaferri S.p.A., the leading players of 2014, hold

massive production capacities present in key locations across the world.

According to a new publication by Transparency Market Research, geogrids are expected to lead all

geosynthetic product types in terms of market attractiveness till 2023.

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The report also suggests a very high level of competition in the market, created primarily by the sheer number

of regional players that exist. The various types of geosynthetics that are in need today and the diversity in

their manufacture allow a large number of players to enter the market in order to meet the varied requirements

of each product.

The global market for geosynthetics is expected to expand at a CAGR of 9.1% within a forecast period from

2015 to 2023, with respect to its revenue. By the end of 2016, this revenue is expected to reach US$11.3 bn,

and reach US$20.8 bn by the end of...