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Pulished Date February, 2020
ID: 8431
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Geogrid Market by Type (Uniaxial, biaxial and triaxial), Application (Road Construction, railroad stabilization and soil reinforcement), Manufacturing Method (Punched & Drawn, Coated Yarn, Welded Rods & Straps and Others) and Geography - Global Forecast from 2019 to 2024

Pulished: February, 2020
ID: 8431
Pages: 170

Tags: Tag2, Tag_3

Geogrid Market Report description:

The market value geogrid market is expected to grow by USD 772.87 Billion in 2019 and is expected to grow by USD 1200.10 Billion by 2024 at the CAGR of about 9.2%. The high growing use in infrastructures and road construction tends to generate high revenue in the upcoming period. North America currently leads the market in terms of expansion of infrastructural areas. 

Geogrid Market Driver and restraints:

Increased infrastructural activities in the emerging economies, growing cost reduction in road construction and maintenance drives the market for geogrid. The use of geogrid provides the structure or area with good road surface quality and safety of roads, low maintenance requirements, the estimated need of over-excavation have been the factors for increasing the revenue and growth of the geogrid market. Geogrids are utilized for base and asphalt reinforcement over soft soils and reduce asphalt layer thickness for critical road and railway construction application. The uses in construction as better land optimization, high load-bearing capacity, easy availability of resources, being flexible and high durability reduced maintenance cost. The property of geogrid being highly versatile, resistant against environmental influences makes it prominent to be used in many places and any weather condition.Serving the purpose in road surface quality disposing of poor quality soil, high performance of earthmoving vehicles and resistance against adverse weather condition as heavy rain. The usage of geogrid being environmentally safe and reduces carbon emissions.Volatile polyester and polypropylene prices make crude oil prices fluctuate, and lack of awareness of geogrids act as a significant restraint for the growth of the market.

Market segmentation:

The geogrid market can be segmented in various forms as type, application, manufacturing method and region. The type has its sub-segments as uniaxial geogrid, biaxial geogrid, and triaxial geogrid. A biaxial geogrid segment is expected to lead the market for type segment as the demand for geogrids for road construction drives the market. Application road construction, railroad stabilization, and soil reinforcement. Manufacturing method has further sub-segments as extruded, knitted/ woven and bonded. The manufacture of geogrid is of many types of materials like carbon fiber and basalt fiber which are in the market and providing strength to the product. Both are having unique properties and functionalities in different places propels market growth.Geographically, the geogrid market can be segmented as North America, South America, Europe, Middle-East and Africa, and Asia-Pacific. North America leads the market for geogrid. Expanding existing infrastructure facilities and at the current period having the most significant number of patents which drives the market in North America. Asia-Pacific region is expected to generate high revenue for geogrid. South Korea acts as the second largest country about the patent amounts of geogrids.

Recent Development:

  1. The use of geo-synthetic is high and in trend these days. As being lightweight, long term durable, simple for installation and non-corrosive.
  2. Tensar has taken out new design methods to insert the stabilization geogrids into railway trackbeds that save time and costs over the lifecycle of an asset. This provides mechanical stabilization of sub-ballast layers that use geogrids helps to reduce traffic-induced degradation that slows the rate of track settlement.

Key Market Players:

Tensar, Tencate, Maccaferri, Huesker, naue, Pietrucha, TMP Geosynthetics, Wrekin Products, Thrace, Carthage Mills and BOSTD Geosynthetics Qingdao, Ace Geosynthetics, Asahi-Kasei Geotech, CTM Geosynthetics, Diamond Grid, GSE Environmental, Maruti Rub-Plast, Properx Operating Company, Strata System, Techfab, Tenax, Low & Bonar, Machina-TST have been the leading companies for geogrid market. Tensar works on tensar technology which is widely used in soil reinforcement, ground stabilization, erosion control, and asphalt reinforcement applications help provide substantial environmental benefits and noticeable time and cost savings.

Research key highlights:

  1. The geogrid market report provides detailed information about the market in the upcoming forecast period 2019-2024, how major key market players are facing different challenges and keeping up their pace in pulling up the market sector.
  2. This report description provides a rough estimate of what the complete report contains and the final report can be customized according to the client's needs and specifications.
  3. The report is of potential use for manufacturers of geogrids, traders, distributors, and suppliers of geogrids, regional manufacturers associations and general geogrid association, government and regional agencies and research organizations, investment research firms.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Geogrid Market , By Type                    

                                6.1.1 Uniaxial    

                                6.1.2 Biaxial        

                                6.1.3 Triaxial      

                6.2 Geogrid Market , By Application                        

                                6.2.1 Road Construction               

                                6.2.2 Railroad Stabilization           

                                6.2.3 Soil reinforcement               

                6.3 Geogrid Market , By Manufacturing Method                               

                                6.3.1 Punched & Drawn

                                6.3.2 Coated Yarn            

                                6.3.3 Welded Rods & Straps       

                                6.3.4 others       

7. Geographical Landscape                                         

                7.1 Global Geogrid Market, by Region                   

                7.2 North America - Market Analysis (2018 - 2023)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application        

                                7.2.4 By Manufacturing Method               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application        

                                7.3.4 By Manufacturing Method               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application        

                                7.4.4 By Manufacturing Method               

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application        

                                7.5.4 By Manufacturing Method               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application        

                                7.6.4 By Manufacturing Method               

8. Key Player Analysis                                    

                8.1 Tensar                          

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Tencate                        

                8.3 Maccaferri                  

                8.4 Huesker                       

                8.5 Naue                             

                8.6 Pietrucha                     

                8.7 TMP Geosynthetics                

                8.8 Wrekin Products                      

                8.9 Thrace                          

                8.10 Carthage Mills                         

                8.11 BOSTD Geosynthetics Qingdao                        

                8.12 Ace Geosynthetics                

                8.13 Asahi-Kasei Geotech                            

                8.14 CTM Geosynthetics                              

                8.15 Diamond Grid                          

                8.16 GSE Environmental                               

                8.17 Maruti Rub Plast                    

                8.18 Properx Operating Company                            

                8.19 Strata System                          

                8.20 Techfab                     

                8.21 Tenax                         

                8.22 Low & Bonar                            

                8.23 Machina-TST                            

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by  type,by manufacturing methode,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Geogrid Market By Region, From 2019-2024 ( USD Billion )
  2. Global Geogrid Market By Type, From 2019-2024 ( USD Billion )
  3. Global Uniaxial Market By Region, From 2019-2024 ( USD Billion )
  4. Global Biaxial Market By Region, From 2019-2024 ( USD Billion )
  5. Global Triaxial Market By Region, From 2019-2024 ( USD Billion )
  6. Global Geogrid Market By Application, From 2019-2024 ( USD Billion )
  7. Global Road Construction Market By Region, From 2019-2024 ( USD Billion )
  8. Global Railroad Stabilization Market By Region, From 2019-2024 ( USD Billion )
  9. Global Soil Reinforcement Market By Region, From 2019-2024 ( USD Billion )
  10. Global Geogrid Market By Manufacturing Method, From 2019-2024 ( USD Billion )
  11. Global Punched & Drawn Market By Region, From 2019-2024 ( USD Billion )
  12. Global Coated Yarn Market By Region, From 2019-2024 ( USD Billion )
  13. Global Welded Rods & Straps  Market By Region, From 2019-2024 ( USD Billion )
  14. Global Others Market By Region, From 2019-2024 ( USD Billion )
  15. Global Geogrid Market By Region, From 2019-2024 ( USD Billion )

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