South Asia Geosynthetics Market is Reaching US$ 2,363.1 Million at a Gracious Rate of 12.2% by the Year 2032

Dec 31, 2023

The South Asian Geosynthetics Market is expected to bolster at a phenomenal growth by witnessing a steady growth outlook of the magnitude of 12.2% over the projection period. The global market is estimated to be valued at US$ 1,404.6 Mn by 2022 and is predicted to reach US$ 4,441 Mn by 2032.

The rise in infrastructure development all over the region is expected to drive growth in the market. The growth outlook between the period ranging from 2017 and 2021 was approximately 11.5% in South Asia.

There is a consistent growth in the demand for geosynthetics owing to the growing demand from the construction sector, which incorporated road construction, erosion control, and others. Based on the current estimations, the market is to witness a growth outlook of about 12.2% between 2022 and 2032 in South Asia.

There is a surging awareness of applications in the construction industry which includes reinforcement, separation, containment, drainage, filtration, and sediment control is driving demand for the geosynthetics market.

The most popular destinations for the APAC region are among the ASEAN countries with regard to geosynthetics used in containment, separation, and waterproofing applications. Geomembranes are expected to be the most widely utilized geosynthetic product due to their popularity in this work and are estimated to have the highest share in geosynthetics used in this field.

Geosynthetic consumption in the South Asia region is anticipated to account for around 13% of the global demand.

Geosynthetics Market is forecast to register a CAGR of 10.1% between 2022 and 2029. The North American geosynthetics market accounts for around 25.8% share in 2022. Demand for Geosynthetic Products like Geogrids to Remian High in Road Segment

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Key Takeaways

Competitive Landscape

Dominant market players are focusing on expanding their presence in countries where significant growth in the construction industry is being witnessed. Key market players are focusing on tie-ups with regional vendors, distributors, and construction companies to promote their products.

Furthermore, market participants are surging on innovating geosynthetic materials for specific applications. Several market players are concentrating on investing to decrease their carbon footprint and are utilizing plastic waste for the production of geosynthetic materials generating a trend of the circular economy.

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Key Companies Profiled: –

Geosynthetic Market Segmentation

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

TOC continued…!

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