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Geogrid Market: Global Forecast until 2022

  • November 2017
  • 149 pages
  • ID: 5196132
In this report:
Aided by the increase in infrastructure-related projects, the French civil engineering sector is expected to grow by ##% in 2017.
This production method was estimated to have accounted for a share of ##.##% of the global geogrids market, in terms of value, in 2016 and is projected to grow at a CAGR of ##.##% between 2017 and 2022.

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"The raised demand for refined products and cleaner fuel requirements are estimated to drive the geogrid market."

The geogrid market is estimated to grow $1099.20M by 2022, at a compound annual growth rate of 9.20 percent between 2017 and 2022. One of the most significant factors driving the rise of the geogrid market is the raised demand for geogrids in infrastructural activities. Nevertheless, quality control is one of the main issues in the developing economies, which include standards for testing facilities and technology and the awareness about the product is not widespread in the developing economies, and also the construction standards do not incorporate geogrids as a basic construction material. Additionally, lack of autonomous and competent regulatory authority in line with international authorities and fabric associations restrict the market increase in these countries.

"The biaxial geogrids segment is the most important type segment of the geogrid market."

Among all types, biaxial geogrids is expected to account for the biggest share of the geogrid market in 2017, in terms of both value and quantity. These geogrids are generally used to stabilize and reinforce soils in the construction of roads, parking lots, and building foundations. Biaxial geogrids are perfectly suitable for conditions including weak subgrades, contaminated soils, heavy loads, high granular costs, and shallow buried utilities. Greater demand from the road market is basically driving the industry for biaxial geogrids at a overall level, as they are used in the construction of highways, flyovers, and bridges.

"The increasing demand for geogrids from Asia-Pac (APAC) is a main aspect driving the geogrid market."

The geogrid market in APAC is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, in terms of both value and quantity. China (CN) and India (IN) are the top sectors of geogrids in the area. The raised demand for geogrids in infrastructural activities is estimated to drive the geogrid market in the territory.

The split of primary interviews is as follow:

• By Company category: Tier 1 - 50.0 percent, Tier 2 - 30.0 percent, and Others - 20.0 percent

• By Description: C-suite - 10.0 percent, D-level - 30.0 percent, and Others - 60.0 percent

• By Area: North America (NA) - 30.0 percent, Asia-Pac - 30.0 percent, EU - 20.0 percent, South America area - 10.0 percent, and the Middle East area & African continent - 10.0 percent

The main companies decribed in this research report contain Tensar, Tencate, Huesker, Maccaferri, Naue, Pietrucha, TMP GEosynthetics, Wrekin Products, Thrace, Carthage Mills, and BOSTD Geosynthetics Qingdao.

Segment Research

The geogrid market has been split on the basis of type, application, manufacturing method, and area. This industry report includes the geogrid market, in terms of value importance and quantity, and forecasts its market size until 2022. The study includes the market segmentation established on category (uniaxial, biaxial, and triaxial), application (Road Sector, Railroad Stabilization, and Soil Reinforcement), manufacturing method (extruded, knitted/woven, and bonded), and area (Asia Pacific (APAC), Europe (EU), North America continent, the Middle East (ME) & African continent, and Central & South America region). Key countries considered for the market analysis in these areas contain China (CN), India (IN), Japan (JP), South Korea (KR), Indonesia (ID), Australia (AU) & New Zealand (NZ), U.S.A, United Kingdom (UK), Canada (CA), Mexico (MX), Germany (DE), Spain (ES), Italy (IT), Russian Federation, United Kingdom, France (FR), Norway (NO), Sweden (SE), Denmark (DK), Brazil (BR), Argentina (AR), Colombia (CO), Chile Saudi Arabia, the UAE, Egypt (EG), and South Africa (ZA). The analysis also offers company descriptions and competitive landscape approved by the top actors of the geogrid market.

REASONS TO BUY THE REPORT:

The market research will facilitate market leaders as well as new entrants in this sector in these ways:

• This document breaks down the geogrid market and offers the closest approximations of revenue numbers for the global market and its sub-segments across different areas.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• this business report benefits partners identify players and obtain business insights to enhance their rank in the sector. The competitive outlook section includes new industry product developments, business developments, strategic agreements, acquisitions, and joint ventures (JV).

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