The geogrid market was valued at US$ 931.49 million in 2019 and is projected to reach US$ 2,079.02 million by 2028; it is expected to grow at a CAGR of 9.4% from 2020 to 2028.
Geogrid is a geosynthetic material formed by combining the intersecting ribs and it is used to stabilize aterrain. Geogrids are mainly made up of polymers such as polyester, high-density polyethylene, and polypropylene. Geogrids are used as a base reinforcement to retain subsoils below roads and to reinforce retaining walls of a structure. The physical properties of geogrid such as minimal elongation with high tensile modulus and high tensile strength, make it a material of choice to be used as a reinforcement material.
Superior Properties Associated with Geogrids
Geogrids have various properties which includes minimal elongation, along with high tensile strength and tensile modulus, which makes them beneficial for soil reinforcement. The use of geogrids to the soil or other geotechnical materials will help create a composite material. Thus, due to the various properties of geogrid, there is a wide range of applications where it has been used. Geogrids are used in various applications such as retaining walls, which are used in foundation soil, pavement construction, energy sector, landfill construction, and many more. The use of geogrids for restraining walls is basically in soil backfills. The ability of holding the soil together will help in stabilizing the retaining wall construction and thus, by using geogrids, the structural integrity of the soil can be increased. It is used in building strong retaining walls for both permanent and temporary solutions.
Geogrids are used to stabilize the soil mainly in the shallow foundation. The geogrids interlock with the structural fill, providing a strong foundation, which will improve the stability of the weakest soil. Geogrids can also help in minimizing the effect of erosion and providing permanent protection. In pavement construction, geogrids are used to improve the subgrade as well as reinforce the pavement base. The geogrids are used to fill and increase the load-bearing capacity of the underlying subgrade, which helps in increasing the structural performance of the roadways.
Geogrids are also used in the energy sector for subgrade stabilization of embankments. They are also utilized in soft soils, which includes access roads, crane pads, and other Mechanically Stabilized Earth (MSE) structures. Moreover, geogrids are used in landfill construction sites, which includes the likes of perimeter haul roads, retaining walls, reinforced steep slopes, and other such structures. Thus, an increase in use of geogrids in such kind of applications is going to drive the geogrid market across the world.
The global geogrid market is set to gain momentum from the increasing demand for sustainable buildings.
This information is given by Fortune Business Insights™in a new report, titled, “Geogrid Market Size, Share & Industry Analysis, By Material (HDPE, Polypropylene, Polyester), By Product (Uniaxial, Biaxial, Multiaxial), By Application (Road Construction, Railroad, Soil Reinforcement, Others), and Geography Forecast, 2020-2027.” The report further states that the geogrid market size was USD 6.15 billion in 2019 and is projected to reach USD 10.66 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period.This Report Answers the Following Questions:How will the organizations surge sales of geogrids?Which region would lead the market in the near future?What are the opportunities and challenges in the global market?Which companies are set to lead the market in the coming years?Drivers & Restraints-Possession of Numerous Beneficial Properties to Surge Demand for GeogridsThe rising expansion of the construction industry, as well as the increasing infrastructural development activities worldwide would bolster the geogrid market growth in the near future.
The product has several beneficial properties, such as environmental safety, easy handling, and high tensile strength.
Besides, upcoming infrastructure projects, rising population base, and rapid urbanization would accelerate growth.
However, the lack of skilledengineers and laborers to install geogrids in foundations or infrastructures may obstruct growth.Segment-Soil Reinforcement Segment Generated 13.82% in Terms of Share in 2019Based on application, the soil reinforcement segment earned 13.82% in terms ofgeogrid market share in 2019.
These geogridsolutions are mainly used to reinforce and stabilize weak soils.
According to IMARC Group latest report titled” Geogrid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited moderate growth during 2015-2020.
Geogrids represent planar polymeric structures manufactured with polyethylene (PET), polypropylene (PP), high-density polyethylene (HDPE), aramid (AR), etc.
They consist of regular open networks of integrally connected tensile elements generally linked by extrusion, bonding, interlacing, etc.
Besides this, these structures provide a cost-effective solution for high resistance against chemicals, ultraviolet (UV) radiation, mechanical damage, biological degradation, etc.
As a result, geogrids are used in filtration, reinforcement functions, stabilization, etc., commonly for airport runways, haul roads, parking lots, retaining walls, embankments on soft soils, etc.Get a sample copy of this Report: https://www.imarcgroup.com/geogrid-market/requestsampleAs the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.Market Trends:The expanding construction industry, along with the rising construction at sites with unfavorable soil conditions, is primarily driving the global geogrid market.
Furthermore, due to increasing environmental concerns, the governing bodies across several countries are collaborating with non-governmental organizations (NGOs) to introduce awareness campaigns to prevent soil erosion.
Fiberglass Geogrid Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Fiberglass Geogrid industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Fiberglass Geogrid manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Fiberglass Geogrid market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Fiberglass Geogrid industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Fiberglass Geogrid industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Fiberglass Geogrid Industry before evaluating its feasibility.
There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.
For competitor segment, the report includes global key players of Fiberglass Geogrid as well as some small players.
