Global Geosynthetics Market is expected to reach USD 27.08 billion by 2022, according to a new study by Grand View Research, Inc. Construction industry growth in India, China and Middle East, on account of rising expenditure on infrastructure development is expected to be a crucial driving factor for Geosynthetics market growth.
Increasing application of geotechnical products for controlling seepage problems in building and irrigation projects is expected to have a favourable impact. Growing shale gas production in U.S. and Canada on account of increasing expenditure on hydraulic fracturing at domestic level may drive industry growth in the near future.
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Geotextiles market were the largest product segment with demand estimated over 4,300.0 million square meters in 2014. They find application in erosion control and soil reinforcement on account of properties such as flexibility, permeability and enhanced thickness.
Further key findings from the study suggest:
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Grand View Research has segmented the global geosynthetics market on the basis of product, application and region:
Global Geosynthetics Product Outlook (Volume, Million square meters; Revenue, USD Million, 2012 – 2022)
Global Geosynthetics Application Outlook (Volume, Million square meters; Revenue, USD Million, 2012 – 2022)
Global Geosynthetics Regional Outlook (Volume, Million square meters; Revenue, USD Million, 2012 – 2022)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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