Synthetic products that are used to stabilize the land are called geosynthetics (polymeric products). Geosynthetics find application in various fields such as environmental protection projects, coastal engineering and civil engineering projects, and others on account of properties such as filtration, erosion control, separation and soil reinforcement. Polymers such as High Density Polyethylene (HDPE), polyester, and others are used in manufacturing process of geosynthetics.
Geosynthetics find application in the transportation industry. Increasing expansion of roads and railway networks is expected to boost the market growth. In rail industries, geosynthetics are used to improve track stability and to reduce maintenance cost. According to U.K.’s Office of Rail and Road (ORR), the total funding offered by the U.K. government towards maintaining, operating, renewing, and enhancing railways was US$ 8.6 billion in 2017, which increased from US$ 7.4 billion in 2013. Therefore, significant growth in the transportation industry is expected to boost the geosynthetics market growth during the forecast period.
Geosynthetics are highly adopted in civil construction and environmental activities such as filtration and landfill. Increasing need of water and waste treatment projects and enhancing civic amenities such as, sanitation, roads and drains, collection and disposal of solid waste, burial grounds and others are major driving factors for growth of the global geosynthetics market. Among product type, geotextile filters are used in wastewater treatment as biofilm attachment media, which helps microorganisms to decompose carbonaceous and nitrogenous compounds. Geotextile filters also filter the suspended solids.
Asia Pacific holds dominant position in the market for geosynthetics and also is the fastest growing market. This is owing to increasing demand from various applications such as road and pavements, drainage systems, and others in the construction industry. Growing real estate sector in Asia Pacific is also expected to boost the market growth. In 2018, the government of India launched ‘Housing for all by 2022’ program. According to India Brand Equity Foundation, the Indian real estate sector is expected to reach market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017. Therefore, significant growth in the construction industry is expected to boost growth of the geosynthetics market in the region during the forecast period.
Major players operating in the global geosynthetics market include, Huifeng Geosynthetics, Tenax Corporation, Polymer Group, NAUE GmbH & Co. KG, Agru America Inc., Asahi Kasei Corporation, Leggett & Platt, GEO Synthetics LLC, Officine Maccaferri GSE Environmental, Propex Global, Fiber Web PLC, Low & Bonar PLC, Ten Cate Geosynthetics, and others.
On the basis of material type, the global geosynthetics market is segmented into:
On the basis of product type, the global geosynthetics market is segmented into:
On the basis of application, the global geosynthetics market is segmented into:
On the basis of region, the global geosynthetics market is segmented into:
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:
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.
Coherent Market Insights desk research is based on a principle set of research techniques:
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:
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.
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:
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.
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:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.