South Asia Geosynthetics Market: Advancing Infrastructure Development

Jul 19, 2023

Geosynthetics are versatile materials used in civil engineering and construction projects. These synthetic products, such as geotextiles, geogrids, and geomembranes, offer reinforcement, separation, filtration, and erosion control in soil and foundation applications. Their effectiveness in enhancing soil stability, drainage, and environmental protection has made them indispensable in modern infrastructure development.

The South Asian Geosynthetics Market size is expected to bolster at phenomenal growth by witnessing a steady growth outlook of the magnitude of 12.2% over the projection period. The global market is estimated to be valued at US$ 1,404.6 Million by 2022 and is predicted to reach US$ 4,441 Million by 2032. The rise in infrastructure development all over the region is expected to drive growth in the market. The growth outlook between the period ranging from 2017 and 2021 was approximately 11.5% in South Asia.

There is a consistent growth in the demand for geosynthetics owing to the growing demand from the construction sector, which incorporated road construction, erosion control, and others. Based on the current estimations, the market is to witness a growth outlook of about 12.2% between 2022 and 2032 in South Asia.

There is a surging awareness of applications in the construction industry which includes reinforcement, separation, containment, drainage, filtration, and sediment control is driving demand for the geosynthetics market.

The most popular destinations for the APAC region are among the ASEAN countries with regard to geosynthetics used in containment, separation, and waterproofing applications. Geomembranes are expected to be the most widely utilized geosynthetic product due to their popularity in this work and are estimated to have the highest share in geosynthetics used in this field.

Geosynthetic consumption in the South Asia region is anticipated to account for around 13% of the global demand.

Geosynthetics Market is forecast to register a CAGR of 10.1% between 2022 and 2029. The North American geosynthetics market accounts for around 25.8% share in 2022. Demand for Geosynthetic Products like Geogrids to Remain High in Road Segment

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Key Takeaways in South Asia Geosynthetics Research Report:

Competitive Landscape in South Asia Geosynthetics

Dominant market players are focusing on expanding their presence in countries where significant growth in the construction industry is being witnessed. Key market players are focusing on tie-ups with regional vendors, distributors, and construction companies to promote their products.

Furthermore, market participants are surging on innovating geosynthetic materials for specific applications. Several market players are concentrating on investing to decrease their carbon footprint and are utilizing plastic waste for the production of geosynthetic materials generating a trend of the circular economy.

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South Asia Geosynthetics Market Segmentation

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More Insights into the South Asia Geosynthetics Market

The government of India is concentrating on improving the infrastructure and construction services via expanding a part of the union budget allocation in infrastructure. The Ministry of Transportation and Highways of India (MoRTH) announced vital investment plans for road construction projects in the forthcoming years.

ASEAN is anticipated to exhibit lucrative opportunities in the South Asia geosynthetics market accounting for a share of 41.9% in 2022 in terms of value. Significant growth in the economic condition in prominent ASEAN countries is propelling the construction and infrastructure sector.

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