Geosynthetics are engineered materials that are used across construction projects. They are basically polymeric products that make them suitable for the underground projects that require high levels of durability and they can also be used across the exposed application. Some of the major applications of geosynthetics are roads, railroads, reservoirs, embankments, airfields, retaining structures, dams, canals, erosion control, sediment control, landfill covers, aquaculture, mining, and agriculture. Pre-fabricated vertical drains, geonets, geogrids, geomembranes, geosynthetic clay liner, geotextiles, geocells, and geocomposites. All these products help to reinforce the structure, provide filtration behind hydraulic structures, prevent erosion, and protect soil & basal.
The South Asia geosynthetics market was estimated to account for less than US$ 900 million in terms of value in 2018 and is anticipated to grow at a CAGR of 13.2% during the forecast period (2019-2027).
Growing demand for geosynthetics from the mining industry for various applications is primarily fueling the market growth of geosynthetics. Heap leaching, leak detection, grade separation, waste management, tailing facilities, water resource management and other structural as well as non-structural applications. Moreover, the growth of geosynthetics can also be attributed to growing mining capacity and associated with production. Hence, the growing mining industry around the globe is projected to propel the market growth of geosynthetics.
Increasing application of geosynthetics in agriculture applications such as irrigation is expected to augment the market growth of geosynthetic over the forecast period. These products protect the agriculture farm ponds and water harvesting catchments. Moreover, they are also used to protect soils, groundwater, and surface waters from being get polluted by animal waste. Therefore, the rising usage of geosynthetic in agriculture applications is expected to augment the market growth.
The high cost of construction based on geosynthetics materials is projected to hinder the market growth of geosynthetics. The use of geosynthetics products increases the overall cost of construction which is expected to restrict the market growth of geosynthetics. Moreover, the use of geosynthetics products requires expensive geosynthetics materials which are further exepcted to hamper the market growth of geosynthetics over the forecast timeframe.
On basis of material type, in 2018, polypropylene (PP) accounted the largest market share of 51% in terms of value, followed by polyester and polyethylene (HDPE/LDPE/Others), respectively.
Many manufacturers are introducing innovative geosynthetic product to cater to rising demand in South Asia is expected to propel the market growth over the forecast period. For instance, in October 2017, Colloids Limited has co-exhibiting with Tosaf Group sister company Color-Service GmbH & Co. KG at the 25th Fakuma exhibition, in Germany, to launch two new specialty masterbatches for manufacturing HDPE geomembrane liners: MPE9D2203, a premium UV grade; and MPE9D2219, an economy liner grade.
The growing trend of using natural geotextile due to rising need to reduce carbon footprint is expected to accelerate the market growth. For instance, jute is an excellent natural geotextile which provides high moisture absorbing capacity, effective drainage properties, and do not promote greenhouse emission like synthetic geotextile. This factor is expected to fuel the market growth of geosynthetic over the forecast period.
Key players operating in the South Asia geosynthetics market are Koninklijke TenCate NV., GSE Environmental Inc., HUESKER Synthetic GmbH, Geofabrics Australasia Pty. Ltd., Tensar International Corporation, Poly fabrics Australasia Pty Ltd., NAUE Gmbh & Co. KG., Global Synthetics Pty Ltd., and Enviro Geosynthetics Pvt. Ltd.
Few Recent Developments
HUESKER Synthetic GmbH
Geofabrics Australasia Pty. Ltd.
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