GITNUX MARKETDATA REPORT 2024

Geosynthetics Industry Statistics

The geosynthetics industry is expected to experience steady growth in market size and global demand over the next few years due to increasing infrastructure development and environmental protection efforts.

Highlights: Geosynthetics Industry Statistics

  • Approximately 60% of geosynthetics are used for road construction in the U.S.
  • The global geosynthetics market size was valued at USD 27.1 billion in 2019.
  • The global geosynthetics market size is estimated to reach USD 11.3 Billion by 2027.
  • The geosynthetics market in Asia-Pacific is projected to register a CAGR of over 6% during the forecast period 2019-2024.
  • In 2020, Europe holds a significant share of around 35% in the geosynthetics market.
  • Geotextiles segment dominates the geosynthetics market with a share of 40%.
  • From 2021 to 2028, the geosynthetics market is expected to grow at a pace of 5.1% per year.
  • The geosynthetics industry in the Asia Pacific had a value of USD 3.6 billion in 2019.
  • The global geosynthetics market was valued at approximately USD 29.9 billion in 2019.
  • The geogrid segment in geosynthetics projected to grow at a rate of over 10% during 2020-2025.
  • China geosynthetics market size is expected to reach over USD 2 billion by 2026.
  • Non-woven geotextiles segment in geosynthetics market is projected to surpass USD 3.7 billion by 2024.
  • The market demand for geosynthetics was over 9 billion square meters in 2016.
  • Canada’s geosynthetics market was valued at USD 481 Million in 2017 and is forecast to grow at a CAGR of over 5% to reach USD 685 Million by 2023.
  • Geosynthetics demand in the United States is expected to increase 4.2 percent per year to 1.3 billion square yards in 2020.
  • Geonets and Geocomposites market is expected to achieve an anticipated CAGR of +9% by the end of 2026.

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The Latest Geosynthetics Industry Statistics Explained

Approximately 60% of geosynthetics are used for road construction in the U.S.

The statistic stating that approximately 60% of geosynthetics are used for road construction in the U.S. highlights the significant role these materials play in the infrastructure sector. Geosynthetics are materials made from synthetic polymers and are engineered to improve the performance and longevity of civil engineering projects. The fact that the majority of geosynthetics are utilized in road construction indicates the importance of these materials in enhancing the strength, stability, and longevity of roadways across the country. This statistic underscores the widespread adoption and reliance on geosynthetics to address various challenges in road construction, such as soil stabilization, drainage, erosion control, and reinforcement, ultimately contributing to more durable and sustainable infrastructure systems.

The global geosynthetics market size was valued at USD 27.1 billion in 2019.

The statistic indicates that the total market value of geosynthetics worldwide was estimated to be $27.1 billion in 2019. Geosynthetics are materials used in civil engineering and construction projects for functions such as reinforcement, filtration, drainage, and erosion control. This market size value reflects the significant demand for geosynthetics in various infrastructure development projects globally. The figure also highlights the economic importance of geosynthetics in sectors such as transportation, environmental protection, and geotechnical engineering. Tracking changes in this market size over time can provide insights into trends in construction activity and infrastructure investment.

The global geosynthetics market size is estimated to reach USD 11.3 Billion by 2027.

The statistic “The global geosynthetics market size is estimated to reach USD 11.3 Billion by 2027” refers to the projected value of the market for geosynthetics products worldwide by the year 2027. Geosynthetics are materials used in engineering and construction projects, such as roads, landfills, and retaining walls, to improve the performance and durability of the structures. The market size estimation of USD 11.3 Billion indicates the total value of geosynthetics products that are expected to be bought and sold globally by 2027. This statistic provides insight into the anticipated growth and significance of the geosynthetics industry in the coming years, reflecting increasing demand for infrastructure development and environmental protection initiatives.

The geosynthetics market in Asia-Pacific is projected to register a CAGR of over 6% during the forecast period 2019-2024.

This statistic indicates that the geosynthetics market in the Asia-Pacific region is expected to experience strong growth over the forecast period from 2019 to 2024, with a Compound Annual Growth Rate (CAGR) exceeding 6%. A high CAGR implies a significant annual growth rate in market size, suggesting a favorable outlook for the geosynthetics industry in the region. Factors driving this growth may include increasing infrastructure development, urbanization, environmental concerns, and technological advancements in geosynthetic materials. This projection provides valuable insights for businesses, investors, and policymakers to understand and capitalize on the expanding market opportunities in the Asia-Pacific geosynthetics sector.

In 2020, Europe holds a significant share of around 35% in the geosynthetics market.

The statistic states that in 2020, Europe held a substantial portion, accounting for approximately 35%, of the global geosynthetics market. This indicates that Europe played a significant role in the demand and consumption of geosynthetics products that year compared to other regions. The high market share suggests that European countries were actively involved in utilizing geosynthetics for various applications such as infrastructure development, environmental protection, and construction projects. This statistic highlights the importance of the European market in driving the growth and development of the geosynthetics industry on a global scale during the specified year.

Geotextiles segment dominates the geosynthetics market with a share of 40%.

The statistic “Geotextiles segment dominates the geosynthetics market with a share of 40%” indicates that within the larger geosynthetics industry, geotextiles represent the largest portion of the market with a significant market share of 40%. Geotextiles are a type of geosynthetic material used in various civil engineering and environmental applications, such as road construction, erosion control, landfills, and drainage systems. This statistic suggests that geotextiles are the most commonly used and in-demand type of geosynthetic material, outperforming other products like geogrids, geomembranes, and geocomposites in terms of market penetration and revenue generation. This domination by geotextiles can be attributed to their versatility, effectiveness, and cost-efficiency in providing solutions to a wide range of geotechnical challenges.

From 2021 to 2028, the geosynthetics market is expected to grow at a pace of 5.1% per year.

This statistic suggests that the geosynthetics market is projected to experience a consistent annual growth rate of 5.1% from 2021 to 2028. This implies that the market is expected to expand steadily over this time period, indicating a positive trend in demand for geosynthetics products. The growth rate of 5.1% per year reflects the anticipated increase in market size and value, driven by factors such as infrastructure development, environmental concerns, and advancements in construction technologies that drive the demand for geosynthetics materials. Overall, this forecast indicates a promising outlook for the geosynthetics industry over the specified time frame.

The geosynthetics industry in the Asia Pacific had a value of USD 3.6 billion in 2019.

The statistic “The geosynthetics industry in the Asia Pacific had a value of USD 3.6 billion in 2019” indicates the economic worth of the geosynthetics sector in the Asia Pacific region for that specific year. This value reflects the total revenue generated from the production, sale, and use of geosynthetics materials and products within the designated geographical area. It serves as a key indicator of the industry’s size and significance in the market, highlighting the demand and investments in geosynthetics for various applications such as construction, environmental protection, and infrastructure development across Asia Pacific countries. The statistic provides valuable insights for stakeholders, policymakers, and investors to understand the economic impact and growth potential of the geosynthetics industry in the region.

The global geosynthetics market was valued at approximately USD 29.9 billion in 2019.

The statistic “The global geosynthetics market was valued at approximately USD 29.9 billion in 2019” represents the total estimated market size in terms of monetary value for geosynthetics products worldwide in the year 2019. Geosynthetics are materials used in civil engineering and construction projects for functions such as reinforcement, drainage, and erosion control. The market value of USD 29.9 billion indicates the amount of money spent by consumers and organizations on geosynthetics products during that year, reflecting the significant demand and investment in infrastructure and construction projects globally. This statistic is key for industry stakeholders, policymakers, and investors to understand the size and dynamics of the geosynthetics market.

The geogrid segment in geosynthetics projected to grow at a rate of over 10% during 2020-2025.

The statistic indicates that the geogrid segment within the geosynthetics industry is expected to experience substantial growth of over 10% annually from 2020 to 2025. Geogrids are a type of geosynthetic material used in civil engineering and construction projects for reinforcing soil, providing stability, and improving overall performance. The projected growth rate suggests an increasing demand for geogrids, likely driven by factors such as infrastructure development, environmental projects, and advancements in construction technology. This growth trend signifies opportunities for market expansion and investment in the geogrid sector over the specified period.

China geosynthetics market size is expected to reach over USD 2 billion by 2026.

This statistic indicates that the geosynthetics market in China is projected to experience significant growth and expand to a total value of more than USD 2 billion by the year 2026. Geosynthetics are materials used in civil engineering and construction projects for various purposes such as soil stabilization, erosion control, and drainage. The expected growth in the market size reflects an increasing demand for infrastructure development and construction projects in China, which in turn drives the need for geosynthetic materials. This forecast suggests a positive outlook for the geosynthetics industry in China over the coming years, with opportunities for both domestic and international suppliers to capitalize on this expanding market.

Non-woven geotextiles segment in geosynthetics market is projected to surpass USD 3.7 billion by 2024.

The statistic indicates that the non-woven geotextiles segment within the geosynthetics market is expected to reach a value exceeding $3.7 billion by the year 2024. Geotextiles are synthetic materials used in construction and civil engineering applications for purposes such as soil stabilization, drainage, filtration, and separation. Non-woven geotextiles, in particular, are known for their high permeability, strength, and durability, making them widely used in infrastructure projects globally. The projected growth of this segment suggests a rising demand for geotextiles in construction and environmental protection projects, reflecting ongoing trends in infrastructure development and sustainable engineering practices.

The market demand for geosynthetics was over 9 billion square meters in 2016.

The statistic stating that the market demand for geosynthetics was over 9 billion square meters in 2016 indicates the significant scale of usage for these materials within various industries such as construction, civil engineering, and environmental protection. Geosynthetics are synthetic materials used in various applications such as reinforcement, filtration, drainage, and erosion control. The high demand for geosynthetics suggests a growing awareness and adoption of more sustainable and cost-effective solutions in infrastructure development and environmental remediation projects. This statistic also reflects the global reach and impact of geosynthetics in improving the efficiency and durability of construction projects while addressing environmental concerns.

Canada’s geosynthetics market was valued at USD 481 Million in 2017 and is forecast to grow at a CAGR of over 5% to reach USD 685 Million by 2023.

The statistic provided indicates that the geosynthetics market in Canada had a value of USD 481 million in 2017 and is projected to experience healthy growth, with a compound annual growth rate (CAGR) of over 5%. This growth trajectory is expected to continue, resulting in the market reaching a value of USD 685 million by the year 2023. The forecasted growth implies an increasing demand for geosynthetics in Canada over the specified period, likely driven by factors such as infrastructure development, environmental concerns, and advancements in geosynthetics technology. Additionally, it suggests opportunities for businesses operating in this sector to expand their operations and potentially capitalize on the anticipated market growth.

Geosynthetics demand in the United States is expected to increase 4.2 percent per year to 1.3 billion square yards in 2020.

The statistic indicates that there is a projected annual growth rate of 4.2 percent in the demand for geosynthetics in the United States, leading to a total demand of 1.3 billion square yards by the year 2020. Geosynthetics are synthetic materials used in various civil engineering applications such as road construction, environmental protection, and landfills. The increase in demand suggests a growing need for infrastructure development and environmental protection projects in the country. This statistic highlights a positive trend in the market for geosynthetics, indicating potential opportunities for manufacturers, suppliers, and other stakeholders in the industry.

Geonets and Geocomposites market is expected to achieve an anticipated CAGR of +9% by the end of 2026.

This statistic indicates the anticipated compound annual growth rate (CAGR) for the Geonets and Geocomposites market up to the end of 2026. A CAGR of +9% suggests that the market is projected to grow at an average annual rate of 9% during the specified period. This growth rate reflects the expected increase in demand for Geonets and Geocomposites products and technologies over the coming years, driven by factors such as infrastructure development, environmental concerns, and advancements in construction materials. The positive CAGR also signifies potential opportunities for industry players to expand their market presence and capitalize on the growing market demand for geosynthetic products.

Conclusion

The geosynthetics industry statistics demonstrate a compelling narrative of growth, innovation, and sustainability. With increasing global demand for infrastructure development and environmental protection, geosynthetics play a vital role in shaping the future of construction and engineering projects. As the industry continues to evolve and adapt to new challenges, these statistics serve as a valuable resource for industry professionals, researchers, and policymakers to make informed decisions and drive positive change in the field of geosynthetics.

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How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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