Valley Cottage, NY -- (SBWIRE) -- 02/21/2018 -- Geocomposites are planar sheets made of composite materials containing at least one layer of geosynthetic products involving geotextile, geogrid, geonet, geomembrane, etc. The selection of combination materials depend upon the application and purpose of the layer addressed in the optimal manner and at minimum cost. They are mainly used as liners in drainage facilities, for erosion control, road constructions and in several other applications. The growing construction industry and several cleaning projects initiated by the governments are expected to propel the demand for geocomposites, especially in the developing countries across the globe. Owing to its various important functions, such as filtration, drainage, separation and liquid barrier, the global market for geocomposites is expected to witness significant growth during the forecast period.

Geocomposites Market: Dynamics

Increasing infrastructure and growing construction industry coupled with the wide usage of geocomposites material in road and rail development projects are expected to be the key factors driving the growth of the geocomposites market across the globe. Increasing demand for water containments and canaling projects is also one of the driving factor for the growth of the geocomposites material market in various regions. Numerous large-scale construction projects are expected to come on ground over the coming years, which may significantly influence the demand for geocomposites materials during the forecast period. Increasing demand for waste treatment coupled with rising use of geocomposites in the waste treatment projects is expected to propel the demand for geocomposites material over the coming years.

Local players, especially in China, offer geocomposites products at significantly lower cost, which is a restraining factor for the global market players to enter the Chinese as well as Asian markets, which are expected to be the most prosperous markets during the forecast period.

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Increasing competition among the local and global manufacturers is leading towards development of innovative products to gain the dominance in the market. Significant investment in the research and development sector for the production and generation of efficient and innovative products is an ongoing trend in the geocomposites market.

Geocomposites Market: Segmentation

The global geocomposites market can be segmented based on primary function type, composites type and application.

On the basis of primary function, the global geocomposites market can be segmented as:

Separation
Reinforcement
Filtration
Drainage
Containment
On the basis of composites type, the global geocomposites market can be segmented as:

Geotextile - geonet composite
Geotextile – geomembrane composite
Geomembrane – geogrid composite
Geotextile – geogrid composites
Geotextile/polymer – core composites
On the basis of application, the global geocomposites market can be segmented as:

Road construction
Railways
Retaining walls
Dams, Riverbanks, Waterworks,
Landfill & Erosion Control
Others
Geocomposites Market: Regional Outlook

Significant investments are planned and implemented by the governments in the development of road and rail infrastructure including construction of flyovers, bridges and tunnels in Asia Pacific, which is expected to fuel the demand for geocomposites in the region. Large-scale projects such as One Belt and One Road, Maritime Silk Road, and Silk Road Economic Belt projects in China are expected to boost the demand for geocomposites in the region over the coming years. The growing demand for geocomposites coupled with significant presence of global manufacturers in North America make it a prosperous market for geocomposites. The growing construction industry in countries such as Brazil and Mexico is expected to fuel the demand for geocomposites in Latin America over the forecast period. With increasing concern regarding the environment in both the public as well as private sectors, the demand for geocomposite products is expected to witness significant growth in the European market during the forecast period.

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Geocomposites Market: Key Participants

Examples of some of the market participants identified across the value chain of the global geocomposites market include:

Koninklijke Ten Cate B.V.
Officine Maccaferri S.p.A
Thrace Group
Tensar Corporation
HUESKER Synthetic GmbH.
NAUE GmbH & Co. KG
Low & Bonar PLC
GSE Environmental Inc.