Geogrids are geosynthetic materials used mainly in reinforcement of soils and related resources. These are mostly applicable in road and railway projects. The product type can be classified into three basic categories -
- The homogeneous types, also called punched and drawn geogrids
- The more flexible type - using bundles of polyethylene coated fibers
- The laser or ultrasonically based geogrid designs.
The basic function of geogrid supplies is to ensure containment of
soil in such a way that it is supported by a strong structural design.
According to geographic segmentation of this market, Europe
continues to lead as an established market while Asia Pacific follows as
a growing market for geogrids consumption. Countries such as
Switzerland and Singapore have exhibited remarkable growth in the
infrastructure sector in the past year. The U.S. economy and the North
American region lag behind as does the rest of the world.
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Since the majority of applications of these materials are in the
infrastructure sector and as the roads and railway projects are gaining
importance worldwide, the geogrids market is expected to see a positive
growth in the coming years. The need of quality assured designs has led
to an increased demand for various product types of Geogrid supplies.
However, the market is restricted due to patent restrictions in
some areas as well as typical product specifications. The developing and
under-developed nations lack in R&D expertise which restricts the
scope of geogrids’ application in these nations. Challenges also exist
in the form of untrained civil engineers and designers.
On a positive side, a lot of untapped opportunities are available
with the growing infrastructure demand scope. Government initiatives and
incentives add to the advantage of the geogrids market. Developing
countries hold immense expansion opportunities for the geogrids market.
Sectors like oil, mining, and commercial industries are unfamiliar and
can prove to be an opportunity for the geogrids market.
Some of the major players in the field of geogrids are Tensar
International Corporation, Colbond Inc., Strata Systems Inc., and
Hueskar Inc. among many others.
This research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market,
industry growth drivers, and restraints. It provides market projections
for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of
top industry players. The report also includes a review of micro and
macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
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- It provides a technological growth map over time to understand the industry growth rate
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- It helps in understanding the key product segments and their future
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