Increasing Demand in Road Construction to Bolster Growth of the Geogrids Market

Increasing use of geogrids in construction of roads and other infrastructure continues to remain instrumental in driving growth of the geogrids market. Geogrids facilitate transference of forces to large soil area owing to their strong tensile strength. They are widely used in road constructions as they offer significant reduction in rutting damage and enhanced distribution of traffic loads in the foundation layers of pavements. This results in improved resilient modulus of the base which in turn stabilizes the sub grade layer. In addition, use of geogrids translates into low maintenance for infrastructures along with high sustainability that increases the service life. That said, functional properties of geogrids such as high tensile modulus with minimal elongation make them an apt choice as a reinforcement material. This aspect continues to influence their demand in road construction, in turn paving new opportunities of growth of the geogrids market.

As per industry reports, the global geogrids market is expected to soar at a noteworthy rate exceeding 5% crossing its initial valuation of US$700 Mn in 2016. The market is estimated to touch a valuation of around US$1 Bn in 2022 and is expected to further increase at a stable pace.

Biaxial Counterparts to Reinforce Valuation of the Geogrids Market on the Global Front

The use of biaxial geogrids is expected to increase from a volume standpoint in the years to follow. In the backdrop, they are likely to account for a major share in the geogrids market on the global front. Biaxial geogrids are largely used in construction of roads as re-enforcement material. Moreover, advantages of biaxial geogrids such as superior load-bearing capacity and optimum junction strength, superior tensile strength, higher resistance to chemical attack and superior performance have expanded their usability. Biaxial geogrids, apart from road reinforcement, are also used in soil stabilization, foundation engineering, sub base reinforcement and in bridge and flyovers. That said, their enhanced stretch resistance and durability have fuelled the demand of biaxial geogrids as compared to their uniaxial and triaxial counterparts, in turn contributing towards valuation of the geogrids market.

Asia Pacific to Emerge as Potentially Beneficial Revenue Pocket for Geogrids Market

Emerging economies in the Asia Pacific region are likely to showcase high potential for growth of the geogrids market. With growing road constructions across developing economies such as India and China the adoption of geogrids is increasing. Government bodies have been focusing on reinstating stability of their economies and are taking initiatives to achieve their economic targets. One of the initiatives is infrastructure development that becomes a crucial factor in determining strength of an economy. For instance, according to MOFOCOM (Chinese Ministry of Commerce), around US$ 20.3 billion were invested by Chinese enterprises in BRI (Belt and Road Initiative). In addition, 560 new projects were signed in 2021with a valuation of more than US$100 million.

Likewise, in the same year, MoRTH (Ministry of Road Transport and Highways) of India planned a huge investment of INR 7 trillion for infrastructure projects. This investment opportunity is across several assets such as multimodal logistics parks, highways, warehousing zones and wayside amenities. Off this total investment, around INR 6 trillion would be invested in highways by 2024. Advantages of geogrids such as reduced construction costs, high sustainability, ease of installation, high flexibility and structural durability and high resistance to soil erosion has boosted their demand in infrastructure and road development activities. This is expected to pave huge pathways of growth for the geogrids market in Asia Pacific.

Geogrids Market: Competitive Landscape

Players in the geogrids market are leveraging various strategies such as acquisitions and new product launches to establish and strengthen their position in the market. For instance, in August 2021, Tensar International launched next generation of geosynthetic solutions in its portfolio – the InterAx geogrids. InterAx geogrids is integrated with advanced technology that facilitates better performance, optimized geometry, higher compaction through use of advanced material science, accommodation of a variety fill material and restriction of movements of granular materials in order to maintain stiffness. In December 2021, Tensar International was acquired by Commercial Metals Co for US$ 550 million. This acquisition will work towards strategy of Commercial Metals Co to expand leadership in infrastructure and construction reinforcement using value added products which complement its existing offering.

Few of the major players in the geogrids market include NAUE GmbH & Co. Kg, TENAX SPA, Techfab India, Colbond Inc., Tensar International Corporation, Strata Systems Inc., Hueskar Inc., Officine Maccaferri Spa and TenCate Geosynthetics Asia Sdn Bhd.

Regional Classification of the Global Geogrids Market is Described Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Geogrids Market

Geogrids Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value and Volume, 2018 - 2022
Volume Consumption at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Geogrids Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Production Output and Trade Statistics, 2018 - 2022
3.1. Regional Production Statistics
  3.1.1. North America
  3.1.2. Europe
  3.1.3. Asia Pacific
  3.1.4. Latin America
  3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Product
4.4. By Region

5. Global Geogrids Market Outlook, 2018 - 2030
5.1. Global Geogrids Market Outlook, by Material, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Polypropylene
  5.1.1.2. Polyester
  5.1.1.3. Polyethylene
  5.1.1.4. Misc.
5.2. Global Geogrids Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Uniaxial
  5.2.1.2. Biaxial
  5.2.1.3. Multiaxial
5.3. Global Geogrids Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  5.3.1. Key Highlights
  5.3.1.1. Railroad Stabilization
  5.3.1.2. Wall Retention
  5.3.1.3. Erosion Control
  5.3.1.4. Road Improvements
  5.3.1.5. Misc.
5.4. Global Geogrids Market Outlook, by Region, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  5.4.1. Key Highlights
  5.4.1.1. North America
  5.4.1.2. Europe
  5.4.1.3. Asia Pacific
  5.4.1.4. Latin America
  5.4.1.5. Middle East & Africa
  5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Geogrids Market Outlook, 2018 - 2030
6.1. North America Geogrids Market Outlook, by Material, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Polypropylene
  6.1.1.2. Polyester
  6.1.1.3. Polyethylene
  6.1.1.4. Misc.
6.2. North America Geogrids Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Uniaxial
  6.2.1.2. Biaxial
  6.2.1.3. Multiaxial
6.3. North America Geogrids Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Railroad Stabilization
  6.3.1.2. Wall Retention
  6.3.1.3. Erosion Control
  6.3.1.4. Road Improvements
  6.3.1.5. Misc.
6.4. North America Geogrids Market Outlook, by Country, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  6.4.1. Key Highlights
  6.4.1.1. U.S.
  6.4.1.2. Canada
  6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Geogrids Market Outlook, 2018 - 2030
7.1. Europe Geogrids Market Outlook, by Material, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Polypropylene
  7.1.1.2. Polyester
  7.1.1.3. Polyethylene
  7.1.1.4. Misc.
7.2. Europe Geogrids Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Uniaxial
  7.2.1.2. Biaxial
  7.2.1.3. Multiaxial
7.3. Europe Geogrids Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Railroad Stabilization
  7.3.1.2. Wall Retention
  7.3.1.3. Erosion Control
  7.3.1.4. Road Improvements
  7.3.1.5. Misc.
7.4. Europe Geogrids Market Outlook, by Country, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  7.4.1. Key Highlights
  7.4.1.1. Germany
  7.4.1.2. France
  7.4.1.3. U.K.
  7.4.1.4. Italy
  7.4.1.5. Spain
  7.4.1.6. Russia
  7.4.1.7. Rest of Europe
  7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Geogrids Market Outlook, 2018 - 2030
8.1. Asia Pacific Geogrids Market Outlook, by Material, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Polypropylene
  8.1.1.2. Polyester
  8.1.1.3. Polyethylene
  8.1.1.4. Misc.
8.2. Asia Pacific Geogrids Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Uniaxial
  8.2.1.2. Biaxial
  8.2.1.3. Multiaxial
8.3. Asia Pacific Geogrids Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Railroad Stabilization
  8.3.1.2. Wall Retention
  8.3.1.3. Erosion Control
  8.3.1.4. Road Improvements
  8.3.1.5. Misc.
8.4. Asia Pacific Geogrids Market Outlook, by Country, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  8.4.1. Key Highlights
  8.4.1.1. China
  8.4.1.2. Japan
  8.4.1.3. South Korea
  8.4.1.4. India
  8.4.1.5. Southeast Asia
  8.4.1.6. Rest of Asia Pacific
  8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Geogrids Market Outlook, 2018 - 2030
9.1. Latin America Geogrids Market Outlook, by Material, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Polypropylene
  9.1.1.2. Polyester
  9.1.1.3. Polyethylene
  9.1.1.4. Misc.
9.2. Latin America Geogrids Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Uniaxial
  9.2.1.2. Biaxial
  9.2.1.3. Multiaxial
9.3. Latin America Geogrids Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Railroad Stabilization
  9.3.1.2. Wall Retention
  9.3.1.3. Erosion Control
  9.3.1.4. Road Improvements
  9.3.1.5. Misc.
9.4. Latin America Geogrids Market Outlook, by Country, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  9.4.1. Key Highlights
  9.4.1.1. Brazil
  9.4.1.2. Mexico
  9.4.1.3. Rest of Latin America
  9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Geogrids Market Outlook, 2018 - 2030
10.1. Middle East & Africa Geogrids Market Outlook, by Material, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Polypropylene
  10.1.1.2. Polyester
  10.1.1.3. Polyethylene
  10.1.1.4. Misc.
10.2. Middle East & Africa Geogrids Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Uniaxial
  10.2.1.2. Biaxial
  10.2.1.3. Multiaxial
10.3. Middle East & Africa Geogrids Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  10.3.1. Key Highlights
  10.3.1.1. Railroad Stabilization
  10.3.1.2. Wall Retention
  10.3.1.3. Erosion Control
  10.3.1.4. Road Improvements
  10.3.1.5. Misc.
10.4. Middle East & Africa Geogrids Market Outlook, by Country, Volume (Mn Sq. Mtr.) and Value (US$ Mn), 2018 - 2030
  10.4.1. Key Highlights
  10.4.1.1. GCC
  10.4.1.2. South Africa
  10.4.1.3. Rest of Middle East & Africa
  10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
  11.3.1. Koninklijke Ten Cate N.V.
  11.3.1.1. Company Overview
  11.3.1.2. Product Portfolio
  11.3.1.3. Financial Overview
  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  11.3.2. HUESKER Group
  11.3.3. Tensar International
  11.3.4. TENAX Group
  11.3.5. Solmax Geosynthetics LLC
  11.3.6. Strata Systems Inc.
  11.3.7. Officine Maccaferri S.p.A.
  11.3.8. NAUE GmbH & Co. KG
  11.3.9. Propex Operating Company, LLC
  11.3.10. Low and Bonar PLC
  11.3.11. Fibertex Nonwovens A/S
  11.3.12. TMP Geosynthetics
  11.3.13. AGRU America
  11.3.14. TYPAR
  11.3.15. PRS Geo-Technologies

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Geogrids Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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