Geosynthetics Market Share

On the basis of regional analysis, the geosynthetics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia Pacific industry is likely to dominate majority revenue share by 2036, on account of presence of leading players in the region. Moreover, the huge investments in construction industry in this region along with the favorable government policies for boosting infrastructural development, especially in countries such as India and China further increase the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of increasing demand of geosynthetics by public infrastructure, renewable energy, and commercial projects associated with civil transportation and waste management. Additionally, offering cost-effective products by the manufactures in this region combined with the growing demand for soil reinforcement in foundation work of residential buildings further raise the demand for geosynthetics.