Geosynthetics Market worth $15,403.7 Million by 2019, Says the New Study on ASDReports

Friday 21 November 2014, Amsterdam

The new report now available on ASDReports, defines and segments the geosynthetics market with an analysis and forecast of types of geosynthetics. Geosynthetics are divided into six types that are geotextiles, geomembranes, geogrids, geofoams, geonets and other. Along with this, the regional markets for Asia-Pacific, North America, Europe and Rest of the World are also discussed.

The report also identifies the driving and restraining factors for the geosynthetics market with an analysis of trends, opportunities, and challenges. The market is segmented and the value has been forecasted on the basis of major regions such as Asia-Pacific, North America, Europe, and RoW.

North America is the major region for geosynthetics market

The geosynthetics market is segmented into six types: geotextiles, geomembranes, geogrids, geofoams, geonets and other. It is expected to show high growth owing to evolving environmental protection regulations and standards to boost future growth of geosynthetics.

Global geosynthetics market to reach $15,403.7 Million by 2019

The market for geosynthetics is projected to reach $15,403.7 million by 2019, growing with a CAGR of 10.99% between 2014 and 2019. North America dominated the geosynthetics market in 2013. Asia-Pacific is projected to gain the major market size by value by 2019.

Geotextiles is the major type of geosynthetics accounting for around 58% of the market in 2013, followed by geomembranes

Geotextiles held the major share in the geosynthetics value market in 2013 and would remain the largest shareholder till 2019. The geomembranes held the second largest share for the geosynthetics market value, and projected to grow with a healthy CAGR, from 2014-2019.