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A material containing at least one layer of geosynthetic products (polymeric products) such as geogrid, geomembrane, geotextile, and others, with another material (e.g. steel cables, deformed plastic sheets or steel anchors) is known as geocomposite. Geocomposites find application in structural fill, bridge abutment, tunnel and construction repair of existing tunnel, lightweight void fill, metro underground stations, railway tunnels, and others. Geotextiles-geogrid geocomposites are used to provide reinforcement and stabilization under railway tracks. Moreover, these are used as a sub-grade, providing lateral drainage system and filter separator between ballast.

Market Dynamics:-

Geocomposites find application in roadways such as drainage, filtration, reinforcement, and separation. Geocomposites are used to enhance the stability and strength of underlying soil in roadways. Among product type, geotextiles-geogrid geocomposites are the most preferred geosynthetics used in highway and road application. Geocomposites are cost-effective and enhances road life. Significant growth in the construction segment is expected to drive growth of the geocomposites market during the forecast period. For instance, the Government of India has set a target to construct 10,000 km national highway in 2019 from 9,829 km in 2018 and also total of 200,000 km national highways are expected to complete by 2022. According to India Brand Equity Foundation, Government of India set a target to complete 300 highway projects by March 2019. The total amount of investment is expected to be US$ 2.25 billion in 2019.

Market Outlook:-

Asia Pacific is expected to be the fastest growing region in the geocomposites market during the forecast period. This is owing to increasing construction and infrastructure activities in emerging countries such as India and China. Growing infrastructure activities in the region is a major driver for growth of the geocomposites market as these act as a cost-effective alternative in various applications. Therefore, significant growth in construction & infrastructural projects and supportive government policies and increasing environmental protection regulations is expected to boost the geocomposites market growth over the forecast period in Asia Pacific. For instance, according to the National Bureau of Statistics of China, the total investment in real estate development in 2018 was US$ 1,749 billion from US$ 1,308 billion in 2017.

Key Players:-

Major players operating in the global geocomposites market include, GSE Environmental, Officine Maccaferri Spa, Huesker Synthetics GmbH, Thrace Group, SKAPS Industries, Leggett & Platt, Inc., Hans Geo Components, TenCate Geosynthetics, ABG Ltd, ABG Ltd, Terram Geosynthetics Pvt. Ltd., Tenax, and HUESKER Inc.

Market Taxonomy:-

On the basis of primary function, the global geocomposites market can be segmented as:

  • Separation
  • Filtration
  • Drainage
  • Containment

On the basis of product type, the global geocomposites market can be segmented as:

  • Geotextile - geonet composite
  • Geotextile – geomembrane composite
  • Geomembrane – geogrid composite
  • Geotextile – geogrid composites
  • Geotextile/polymer – core composites

On the basis of application, the global geocomposites market can be segmented as:

  • Road construction
  • Railways
  • Dams, Riverbanks, Waterworks
  • Landfill & Erosion Control
  • Others

 On the basis of region, the global geocomposites market can be segmented as:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Geocomposites Market Key Developments:

  • In December 2018, Southern Geosynthetics Supplies Pty. Ltd introduced new geomembrane. The new DG200 is a 0.8mm polyvinyl chloride (PVC) geomembrane bonded on either side with 200 gsm nonwoven geotextile. This composite provides geomembrane with high puncture as well as tear resistance, and high surface friction, coupled with the greater flexibility and durability of PVC.
  • In March 2019, TENAX SPA, an Italy based advanced materials company, introduced new geocomposite, ‘GRAVEL LOCK’. This new geocomposite has rolls of 1.50×20 m which are synthesized with cuspated high density polyethylene (HDPE) grid along with a polypropylene non-woven fabric which can be used for retaining gravel. GRAVEL LOCK is expected to an effective, durable, and economical solution which can be used as a stable gravel floor for pedestrian and vehicular passage.
  • In June 2019, Groupe Solmax Inc, a company based in Canada which is engaged in development of polyethylene geomembrane, announced its plans to expand its operations in U.S. For this expansion, a new geosynthetics manufacturing facility will be established in Nevada, Western U.S. which is expected to be operational by mid of 2020.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users