According to IMARC Group latest report titled “Geogrid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on geogrid market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global geogrid market size reached US$ 1,116 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,820 Million by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
Geogrid is a geosynthetic material used extensively in civil engineering to reinforce soils and similar materials. It is composed of polymers such as polypropylene, polyethylene, or polyester. They are characterized by their open, grid-like structure, which allows for interlocking with surrounding materials like soil and gravel. They are commonly used in the construction of retaining walls, roadways, and foundations, where ground stabilization and load distribution are crucial. There are various types of geogrids, including uniaxial, biaxial, and triaxial, each tailored for specific directional strength and soil interaction requirements. The primary advantage of geogrids is their ability to significantly enhance the structural integrity of earthworks by providing tensile reinforcement. They also contribute to sustainability by reducing the need for natural aggregate materials and enabling the use of local soils, minimizing environmental impact. Additionally, geogrids reduce construction time and costs while improving the safety and longevity of the structures.
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Market Trends:
The global geogrid market is majorly driven by the world's increasing infrastructure needs and advancements in construction technology. Along with this, the rising demand for geogrids in road construction and soil reinforcement applications, particularly in developing countries experiencing rapid urbanization and industrialization, is favoring the market. In addition, the trend towards sustainable construction practices is also fueling the adoption of geogrids, as they contribute to greener building methodologies by optimizing material usage and minimizing waste. Moreover, with governments worldwide investing heavily in infrastructure development, the construction sector's expansion is directly impacting the growth of the geogrid market. Apart from this, technological advancements, such as the development of robust and lightweight geogrid materials, are significantly supporting the market. Furthermore, the increasing adoption of Building Information Modeling (BIM) and other digital tools in construction projects is creating a positive market outlook.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- ACE Geosynthetics Enterprise Co. Ltd.
- Carthage Mills Inc.
- HUESKER Synthetic GmbH
- Koninklijke Ten Cate B.V.
- NAUE GmbH Co. KG
- Propex Operating Company LLC
- S i A Pietrucha Sp. z o.o.
- Taian Modern Plastics Co. Ltd
- Tensar International Corporation
- Thrace Group
- Wrekin Products Ltd
Geogrid Market Segmentation:
Our report has categorized the market based on region, type and application.
Breakup by Type:
- Uniaxial Geogrid
- Biaxial Geogrid
- Triaxial Geogrid
Breakup by Application:
- Road Industry
- Railroad Stabilization
- Soil Reinforcement
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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