Market Overview: Geogrid Market FY2022-2027
This reports provides an essential and dependable overview of the Geogrid Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Geogrid Market Report Coverage Details:
- Base Year: 2021
- Historical Data: 2017-20
- Forecast Period: 2022-2027
- CAGR: 8% (2022-2027)
The Global GeoGrid Market is expecting to propagate at around 8% CAGR in the forecast period of 2022-27.
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Geogrid Market Opportunity:
Surge in Railway Development
In railway tracks, geogrids help stabilize the substructure on soft soil, reinforce soil walls & steep stones, asphalt reinforcement, spread loads over piles, etc. Hence, they play a crucial role in reducing the maintenance costs associated with tracks while preventing structural deficiencies as the deployment of GeoGrid ensures the structural integrity of the base aggregate and the capacity of the railway. Consequently, the rising railway development & up-gradation projects in several countries worldwide would lead to a notable demand for geogrids in the upcoming years, which would act as an area of lucrative growth opportunity for the global market. For instance:
- In 2020, the Canadian National Railway Company (CN) announced to invest approximately USD 82 million across Saskatchewan, USD 82 million across Manitoba, USD 15 million across New Brunswick, and USD 7.8 million across Nova Scotia. These investments would be channelized on replacing rails & ties, along with the maintenance of bridges, level crossings, culverts, signal systems, and other track infrastructure.
Geogrid Market Segmentation Analysis – FY2022-2027
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Geogrid Market (2022-2027). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Geogrid Market segmentation is enlisted below:
By Application
- Roads & Highways
- Railway Tracks
- Bridges & Dams
- Residential & Commercial Buildings
- Others (Sea Ports, Airport Runways, Solid Waste Landfills, etc.)
By Type
- Uniaxial GeoGrids
- Biaxial Geogrids
- Triaxial Geogrids
By Manufacturing Method
- Extrusion
- Knitten/Woven
- Bonded/Welded
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By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Geogrid Market Competitive Landscape
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.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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