New Analysis from Global Industry Analysts Reveals Steady Growth for Geocomposites, with the Market to Reach $619.8 Million Worldwide by 2026
SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Geocomposites - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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- Global competitiveness and key competitor percentage market shares
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Edition: 7; Released: January 2022
Executive Pool: 369
Companies: 41 - Players covered include ABG Ltd.; Alyaf Industrial Co., Ltd.; American Wick Drain; Climax Synthetics Pvt. Ltd.; Contech Engineered Solutions LLC; Edifloor SpA; Feicheng Lianyi Engineering Plastics Co., Ltd.; GSE Environmental, Inc.; Hans Geo Components; Huesker Synthetic GmbH; Maccaferri S.P.A; MDB Texinov; SKAPS Industries; Tema Corporation; Tenax Group; TenCate Geosynthetics Netherlands BV; Terram Geosynthetics Pvt. Ltd.; Thrace Group and Others.
Coverage: All major geographies and key segments
Segments: Function (Drainage, Containment, Other Functions); Product (Geotextile-Geonet, Geotextile-Geocore, Geotextile-Geogrid, Geotextile-Geomembrane, Other Products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Geocomposites Market to Reach $619.8 Million by 2026
Amid the COVID-19 crisis, the global market for Geocomposites estimated at US$440.8 Million, is projected to reach a revised size of US$619.8 Million by 2026, growing at a CAGR of 5.6% over the analysis period. Geotextile-Geonet, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$145.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Geotextile-Geocore segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $127.3 Million in 2021, While China is Forecast to Reach $127 Million by 2026
The Geocomposites market in the U.S. is estimated at US$127.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$127 Million by the year 2026 trailing a CAGR of 8.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Geotextile-Geogrid Segment to Reach US$114.2 Million by the year 2026
In the global Geotextile-Geogrid segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$59.8 Million will reach a projected size of US$87.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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