North American Geosynthetics Market is Forecasted to Reach US$ 1,757 million square meters in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global North American Geosynthetics Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 1,757 million square meters

Growth (CAGR): 2.4% during 2024-2030

Leading Application Type: Roads and other trafficked areas, and asphalt reinforcement

Leading Function Type: Separation & filtration

Leading Technology Type: Nonwoven geosynthetic

Leading Material Type: Polypropylene

Leading Country: USA

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the North American Geosynthetics Market:

The global North American Geosynthetics Market is segmented based on Application type, Function type, Technology type, Material type and Country.

Based on Application Type

“Roads and other trafficked areas and asphalt reinforcement is expected to remain dominant, whereas solid waste disposal will be the fastest-growing application in the market during the forecast period”.

• The North American geosynthetics market is segmented into roads and other trafficked areas, asphalt reinforcement, railways, tunnels & underground structures, earthworks, foundation, and retaining walls, solid waste disposal, drainage systems, erosion control works, reservoirs & dams, canals, liquid waste containment, and others.
• Due to huge investments in road infrastructure projects, roads and other trafficked areas and asphalt reinforcement is expected to remain dominant, whereas solid waste disposal will grow at the fastest rate in the market during the forecast period.
• The United States boasts the largest road network in the world, spanning an impressive 6,803,479 kilometers, necessitating regular maintenance and upgrades. The scale of the country's road infrastructure demands a comprehensive and ongoing approach to ensure the safety and efficiency of the transportation system.
• The rapid expansion in the application of geosynthetics for solid waste disposal is primarily attributable to the stringent environmental standards that are in place in high-income countries, such as the United States and Canada. The increasing demand for geosynthetics in these countries is a result of the need to comply with the regulatory requirements that mandate the use of advanced technologies to manage waste disposal.

Based on Function Type

“Separation & filtration is expected to remain the dominant whereas drainage is likely to be the fastest-growing function of geosynthetics in the market during the forecast period”.

• The market is segmented into separation & filtration, protection, reinforcement, drainage, and interlayer barrier and stress relief.
• During the forecast period, separation & filtration is expected to remain the dominant functions of geosynthetics in the market. This is due to their effective ability to filter impurities and prevent soil erosion in civil engineering applications. Such functions are critical for environmental protection and water management.
• The geosynthetics market is experiencing rapid growth in the drainage segment due to increasing demand for advanced water management solutions in construction projects in the region.

Based on Technology Type

“Nonwoven geotextile is likely to remain the widely used technology, whereas composites (geocomposites) are estimated to be the fastest-growing geosynthetics in the market during the forecast period”.

• The market is segmented into woven, nonwoven, grid, composites, and geomembranes.
• Nonwoven geosynthetics are projected to maintain their dominance in the market during the forecast period. This is due to their cost-effectiveness and their widespread use in filtration, separation, and drainage applications. They are primarily used for slope protection along river, sea, and lake embankments, land reclamation, wharf construction, ship lock flood control, and rescue projects.
• The composites are expected to experience rapid growth in demand as it provides additional specific properties like protection, drainage, or filtration due to the bonding of two or more different geosynthetics.

Based on Material Type

“Polypropylene is expected to remain the dominant as well as the fastest-growing material for geosynthetics in the market during the forecast period”.

• The market is segmented into polyethylene, polypropylene, and others.
• Polypropylene is expected to remain the preferred choice for geosynthetics in the market during the forecast period.
• Polypropylene is the predominant material for geotextile production, accounting for a mammoth share of the market. This is due to its exceptional moisture and biological resistance, along with its superior installation survivability and lifespan prediction.

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Which Country shows the most promising growth forecast and opportunity?

The analysis suggests that USA is expected to remain the largest market for geosynthetics in North America during the forecast period. This growth outlook is mainly attributed to the following:

• In terms of countries, the USA is expected to remain the largest market for geosynthetics in North America during the forecast period.
• The USA's dominant position in the civil infrastructure industry is significantly bolstered by several key factors including roads, highways, railways, airports, and water management systems. The USA alone accounted for over half of global geomembrane sales.
• Mexico, particularly driven by growing investment in infrastructure projects by multinational companies, is expected to grow at the fastest rate during the forecast period.

North American Geosynthetics Market Drivers:

Some of the key drivers listed in the report are given below.

·      Rapid infrastructure development projects drive strong demand for geosynthetics in construction.

·      Stringent environmental regulations boost adoption in waste management and landfill applications.

·      Rising investment in road and highway rehabilitation increases geosynthetics usage for soil stabilization.

·      Growth of mining and oil & gas sectors fuels demand for geosynthetic liners and reinforcements.

·      Increasing focus on sustainable and durable materials accelerates geosynthetics adoption across civil engineering.

Competitive Landscape: Top 10 Companies in the North American Geosynthetics Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

·      Solmax International, Inc.

·      AGRU America, Inc.

·      Texel Technical Materials, Inc.

·      Hanes Geo Components

·      SKAPS Industries

·      Tensar Corporation

·      Berry Global

·      Tenax Corporation

·      HUESKER Synthetic GmbH

·      American Excelsior

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

·      Geosynthetics Market

·      European Geosynthetics Market

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