Global Geogrid Market is segmented By Material Type (Polyethylene, Polypropylene, Polyester), By Product Type (Uniaxial, Biaxial, Triaxial), By Function (Punched & Drawn, Coated Yarn, Welded Rods/Straps, Others), By Manufacturing Process (Knitting/Weaving, Welding/Bonded, Extrusion), By Application (Road Industry, Railroad Stabilization, Soil Reinforcement, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The Global Geogrid Market is estimated to reach at a high CAGR during the forecast period 2024-2031.
A geogrid is geosynthetic material that is used to reinforce soils and similar materials. Geogrids are commonly used to reinforce retaining walls and subbases or subsoils below roads or structures.
Geogrids are generally made of polymer materials, such as polyester, polyethylene or polypropylene. The geogrids are manufactured high-strength reinforcement grids that come in rolls of various sizes and strengths.
Due to its high tension and higher ability to distribute load across a large area, it has high demand and application in the construction industry.
Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Material Type, By Product Type, By Function, By Manufacturing Process, By Application and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Market Dynamics
The high demand and application of geogrids in construction is expected to drive its market
The building and construction sector requires different geogrids for reinforcements applications. According to the World Economic Forum, the construction sector accounts for 6% of the global GDP, with around USD 10 trillion. With increasing population and housing demand, the industry is projected to witness constant growth in the long run, providing opportunities for flooring adhesives companies.
Moreover, rapid industrialization and urbanization in the world because of the growing population have increased the construction industry, which will positively impact geogrid market size during the forecast period.
Alternatives such as woven slit-film geotextiles are expected to hinder the geogrid market
Many geotechnical engineers believe the type of geosynthetic used is irrelevant to the design of a reinforced soil structure. What is essential is the geosynthetic's in-situ performance. As such, woven slit-film geotextiles are more robust and can offer a cost-effective and highly efficient alternative to geogrids.
In addition to superior strength and lower cost, slit-film geotextiles offer an added advantage of separation over any geogrid.
Segmentation Analysis
Based on product type, geogrid market is segmented into uniaxial, biaxial and triaxial.
Uniaxial Geogrid is a planar grid with a much higher strength in one direction than in the other direction. It is also known as mono-oriented geogrids. It is mainly used for applications of short-term and long soil reinforcement. The product is woven with strength in both the roll length direction and with strength manufactured in the cross-roll direction.
Besides, Biaxial Geogrid is a planar grid, which possesses similar strength in both ortho-directions i.e., longitudinal & transversal. In applying base reinforcement in pavements, the design intends to improve the bearing potential of an existing sub-grade by including one or more geogrid layers above. The inclusion of a biaxial geogrid generally permits a reduction in granular base course thickness.
Geographical Share
Asia-Pacific dominates the geogrid with the growing construction and infrastructure industries in countries like China and India
Asia-Pacific region dominates the global geogrid market share with growing construction activities in countries such as China, India and other ASEAN Countries. For instance, the Chinese government has massive construction plans, including making provisions for the movement of 250 million people to its new megacities during the next ten years. As per the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year. In 2017, the Indian government announced an investment worth USD 31,650 billion to construct 100 cities under the smart cities plan. Over the five years, one hundred smart cities and 500 cities are likely to invite investments worth ~USD 28.18 billion. Approximately, 9% of India's GDP is spent on infrastructural services. India's government has given enormous momentum to the infrastructural sector by allocating ~USD 92.22 under the Union Budget 2018-2019. Hence, with the growing construction activities and infrastructure, geogrid' demand is expected to increase over the forecast period rapidly.
Companies and Competitive Landscape
The geogrid market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Tensar, Tencate, Maccaferri, Huesker, Naue, Pietrucha, TMP Geosynthetics, Wrekin Products, Thrace, Carthage Mills among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the geogrid market globally.
Tensar International Corporation
Overview: Tensar International Corporation provides technology driven solutions for soil reinforcement and ground stabilisation.
Product Portfolio: The company supplies geosynthetic products, products for earth retaining walls and slopes, foundations, subgrade improvement and stabilisation and reinforcement of asphalt
Key Developments:
- Tensar International Corporation has launched a new light-weight block system, called Palisade50 for structural and landscape wall applications.
The global geogrid market report would provide an access to an approx. 77 market data table, 72 figures and 238 pages.
