Global Geogrid Market Research Report: Forecast (2022-2027)

By Application (Roads & Highways, Railway Tracks, Bridges & Dams, Residential & Commercial Buildings, Others (Sea Ports, Airport Runways, Solid Waste Landfills, etc.)), By Type (Un......iaxial GeoGrids, Biaxial Geogrids, Triaxial Geogrids), By Manufacturing Method (Extrusion, Knitten/Woven, Bonded/Welded), By Region (North America, South America, Europe, Middle East & Africa, Asia Pacific), By Country (The US, Canada, Mexico, Brazil, Rest of South America, Germany, The UK, France, Italy, Spain,Rest of Europe, Saudi Arabia, UAE, Israel, Egypt, Rest of Middle East & Africa, China, Japan, India, South Korea, Australia, Rest of Asia Pacific), By Company (Ace Geosynthetics, Glen Raven Inc., Huesker Synthetic GmbH, Low & Bonar PLC, Maccaferri Group- SECI SPA, Naue GmbH & Co. CG, Tenax SPA, Koninklijke ten Cate BV, Tensar Corporation, Wrekin Products Ltd., Asahi-Kasei Geotech, Diamond Grid, GSE Environemental, Machine-TST, Low & Bonar, Maruti Rub-Plast, CTM Geosynthetics, Carthage Mills) Read more

  • Buildings, Construction, Metals & Mining
  • Feb 2022
  • 235
  • PDF, Excel, PPT

Market Definition:

GeoGrids are geo-synthetic materials made by interconnecting grids that are used in the construction industry as a reinforcing material. Its application ranges from soil fortification, reinforcement of retaining walls, and various other new application areas, such as mining, etc., flourishing in recent years. They are manufactured either by weaving polymeric fibers together, or by punching holes in sheets, followed by stretching in different directions. It possesses high tensile strength with the ability to distribute load across a large area which increases their suitability for infrastructure activities.

Market Insights:

The Global GeoGrid Market is expecting to propagate at around 8% CAGR in the forecast period of 2022-27. The growth of the market attributes primarily to the burgeoning government investments in building infrastructure, such as roads, highways, bridges, & ports, among others. With the application of geogrid, the structure or the area where it is applied is improved since it provides better surface quality & safety of roads, eliminates the need for over-excavation, disposal of poor quality soil, and involves low maintenance. The rapid infrastructural developments for strengthening road networks have stimulated the demand for geogrids across different regions, including Asia-Pacific & Europe in recent years.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 8%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
South America: Brazil, Rest of South America
Middle East & Africa: Saudi Arabia, UAE, Israel, Egypt, Rest of Middle East & Africa
Key Companies Profiled Ace Geosynthetics, Glen Raven Inc., Huesker Synthetic GmbH, Low & Bonar PLC, Maccaferri Group- SECI SPA, Naue GmbH & Co. CG, Tenax SPA, Koninklijke ten Cate BV, Tensar Corporation, Wrekin Products Ltd., Asahi-Kasei Geotech, Diamond Grid, GSE Environemental, Machine-TST, Low & Bonar, Maruti Rub-Plast, CTM Geosynthetics, Carthage Mills
Unit Denominations USD Million/Billion

 

Furthermore, with the growing demand for geogrids, companies engaged in geogrid businesses are rapidly enhancing their capabilities by investing substantially in research & development, introducing environmentally sustainable solutions, etc., to capture the emerging opportunities in the US, Germany, France, China, Japan, etc. For instance:

  • In 2021, HUESKER Group launched Fortrac T eco PET recycled yarn geogrid, made from 100% recycled polyester (PET) yarns.
  • In the same year, Tensar International Corp. hosted the InterAxion Conference that focused on launching & infrastructure of new geogrid, InterAx, to improve the longevity of the infrastructure. 

However, the widening awareness gap about the geogrid has impeded the growth of its global market. A significant portion of potential end-users is unaware of geogrids & it's benefits like enriched performance, durability, and better productivity of infrastructure assets. Moreover, the lack of awareness campaigns, workshops, etc., for promoting the use of geogrids has also posed a significant growth challenge to its global market.

Disruption in Raw Materials Supply due to the Covid-19 Pandemic had a Transitory Impact on the Global GeoGrid Market

The global imposition of lockdown measures to curb the spread of coronavirus led to a disruption in the supply chain of raw materials, such as high-density polyethylene, polyester, & coatings, among others, required for manufacturing geogrids, entwined with price fluctuations. Since the pandemic, the prices of crude oil have rapidly soared, which has led to turbulence in the availability of raw materials.

As a result, the prices of geogrids significantly hiked due to limited stock available in the market. Hence, the Covid-19 pandemic resulted in increased costs of geogrids. Additionally, the shortage of raw materials led to the discontinuation of geogrids production globally.

However, with the gradual relaxation in mobility restrictions worldwide and the resumption of manufacturing units, the demand for geogrids experienced a steady revival in early 2021. Currently, the market is on the trajectory of recapturing its usual growth pace & expects to flourish in the years to come.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Global Upcoming & Proposed Mega Infrastructure Projects by Regions
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia Pacific
  5. Impact of COVID-19 on Global GeoGrid Market
  6. Global GeoGrid Market Trends & Insights
  7. Global GeoGrid Market Dynamics
    1. Drivers
    2. Challenges
  8. Global GeoGrid Market Regulations & Policies
  9. Global GeoGrid Market Supply Chain Analysis
  10. Global GeoGrid Market Hotspots & Opportunities
  11. Global GeoGrid Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
        1. Roads & Highways
        2. Railway Tracks
        3. Bridges & Dams
        4. Residential & Commercial Buildings
        5. Others (Sea Ports, Airport Runways, Solid Waste Landfills, etc.)
      2. By Type
        1. Uniaxial GeoGrids
        2. Biaxial Geogrids
        3. Triaxial Geogrids
      3. By Manufacturing Method
        1. Extrusion
        2. Knitten/Woven
        3. Bonded/Welded
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies, By Revenues
        3. Global GeoGrid Market Competitor Placement in MarkNtel Quadrant, 2021
  12. North America GeoGrid Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Type
      3. By Manufacturing Method
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    4. Canada GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    5. Mexico GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
  13. South America GeoGrid Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Type
      3. By Manufacturing Method
      4. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
  14. Europe GeoGrid Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Type
      3. By Manufacturing Method
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    4. The UK GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    5. France GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    6. Italy GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    7. Spain GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
  15. Middle East & Africa GeoGrid Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Type
      3. By Manufacturing Method
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. Israel
        4. Egypt
        5. Rest of Middle East & Africa
    3. Saudi Arabia GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    4. UAE GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    5. Israel GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    6. Egypt GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
  16. Asia Pacific GeoGrid Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Type
      3. By Manufacturing Method
      4. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    4. Japan GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    5. India GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    6. South Korea GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
    7. Australia GeoGrid Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Application
        2. By Type
  17. Global GeoGrid Market Key Strategic Imperatives for Growth & Success
  18. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Ace Geosynthetics
      2. Glen Raven Inc.
      3. Huesker Synthetic GmbH
      4. Low & Bonar PLC
      5. Maccaferri Group- SECI SPA
      6. Naue GmbH & Co. CG
      7. Tenax SPA
      8. Koninklijke ten Cate BV
      9. Tensar Corporation
      10. Wrekin Products Ltd.
      11. Asahi-Kasei Geotech
      12. Diamond Grid
      13. GSE Environemental
      14. Machine-TST
      15. Low & Bonar
      16. Maruti Rub-Plast
      17. CTM Geosynthetics
      18. Carthage Mills
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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