Northbrook, IL -- (SBWIRE) -- 07/13/2018 -- The growing infrastructure activities with supportive government policies and evolving environmental protection regulations are driving the geocomposites market, as they offer better properties and are cost-effective.

To know about the assumptions considered for the study, download PDF brochure at, https://www.marketsandmarkets.com/pdfdownload.asp?id=237259230

Based on product type, geotextile-geocore geocomposite segment of the geocomposites market is projected to grow at the highest CAGR, in terms of value, during the forecast period.

The geocomposites market is dominated by the geotextile-geocore geocomposite segment, in terms of value as well as volume. The geotextile-geocore geocomposite is the most popular product type widely used in the geocomposites market for applications such as bridge abutment, lightweight void fill, structural fill, tunnel and construction repair of existing tunnel, metro underground stations, railway tunnels, and others.

The drainage segment of the geocomposites market is projected to grow at the highest CAGR during the forecast period, in terms of value.

Geocomposites used in the drainage function is the largest segment of the market, in terms value as well as volume. Geocomposites are widely used in bridge abutment, lightweight void fill, structural fill, tunnel construction, repair of existing tunnel, metro underground stations, railway tunnels, and other applications in the drainage segment.

The road & highway application is projected to account for the largest share in the geocomposites market during the forecast period, in terms of value and volume.

Geocomposites are used for basic functions of roadways such as separation, drainage, filtration, and reinforcement. Geocomposites can be used to increase the strength and stability of underlying soil in roadways. Geotextiles-geogrid geocomposites are the most preferred geosynthetics used in the road & highway application. Geocomposites increase road life and are cost-effective for the road industry. These composites are used under the railway tracks to provide stabilization and reinforcement. In addition, they are used as a filter separator between ballast and sub-grade, providing lateral drainage system. Thus, road & highway is the dominant application of the geocomposites market.

North America is estimated to be the largest market for geocomposites, in terms of value, in 2018.

The continuous rise in the number of construction projects has resulted in high demand for geocomposite products. The growth and innovations in the US construction & infrastructure industry are estimated to generate a positive impact on the geocomposites market in the country. In addition, the initiatives taken by the governments of the countries in this region in building new highways are expected to further increase the demand for geocomposites from the construction industry. All these factors make North America the largest geocomposites market.

For more information, https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=237259230

The major players operating in the industry are GSE Environmental (US), TenCate Geosynthetics (US), Maccaferri S.P.A. (Italy), SKAPS industries (US), ABG Ltd. (UK), Hans Geo Components (US), Huesker Synthetics GmbH (Germany), and Thrace Group (Greece).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com