Global Geogrids Market 2017-2021

Overview of the global geogrids market

Research analysis on the global geogrids market identifies that the low maintenance cost with the usage of geogrids in construction of roadways will be one of the major factors that will have a positive impact on the growth of the market. These geogrids increase the lifespan of the roads and are also treaded as an alternative for areas where the soil is insufficient. The institutes are collaborating with the government to the provide better road services and which requires less maintenance. For instance, National Highway Authority of India (NHAI) and IIT Kharagpur collaborated to develop technologies which will provide maintenance-free roads. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 13% by 2021.

The increase in adoption of natural geosynthetics will be one of the latest trends that will gain traction in the geogrids market during the next four years. The increasing prices of the raw materials used to produce the synthetic product will affect the demand. The high price of synthetic geotextile in the developing countries, as these countries comprise of renewable raw material which includes jute, coir, carbon fiber, and others required for natural geosynthetics. The initiatives from the institutes globally, are developing natural fibers from the raw materials, for instance, IIT Delhi has developed four different varieties of natural fiber (from coir and jute) to control soil erosion.

Competitive landscape and key vendors

This market appears to be concentrated with the presence of few vendors. The key players in the market obtain patents which restricts other players to manufacture or design products with the same technology and materials. This will increase the level of competition among the existing players. The vendors in the market are competing based on the developing new products and technology to offer to the end users of the market.

The leading vendors in the market are -

• Koninklijke Ten Cateas
• Low & Bonar
• NAUE
• Officine Maccaferri
• Strata Systems
• ACE Geosynthetics

The other prominent vendors in the market are Asahi Kasei Advance, Atarfil, Carthage Mills, CHANGZHOU CITY YONGXIN HUALI COATED FABRIC, Feicheng Lianyi Engineering Plastics, Leggett & Platt, HUESKER, Nanchang Teamgo New Materials, Nanyang Jieda Geosynthetics, Propex Operating Company, Shandong Hongxiang New Geo-Material, Synteen, TENAX, Taian Modern Plastic, Tensar International, and Tai'an City Ruiheng Building Materials.

Segmentation by application and analysis of the geogrids market

• Roadways
• Soil embankment and reinforcement
• Railways

During 2016, the roadways segment accounted for the major shares of this market. The increasing construction of roadways has led to the increase in investments in infrastructure globally will increase the demand for geogrids. The funding from government in developing and developed countries has led to the rising demand for the construction of roads which led to the usage of geogrids.

Geographical segmentation and analysis of the geogrids market

• Americas
• APAC
• Europe
• ROW

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The increasing investment in the infrastructure sector had led to the growth in geogrids. The region has witnessed the government initiatives for the use of geosynthetic products in construction of roadways and railways, which will drive the market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global geogrids market?
• What are the key market trends impacting the growth of the global geogrids market?
• What are the challenges to market growth?
• Who are the key vendors in the global geogrids market?
• What are the market opportunities and threats faced by the vendors in the global geogrids market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW.
• What are the key outcomes of the five forces analysis of the global geogrids market?

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