The Geogrid Market is estimated to account for USD 708.7 Million in 2017 and is projected to reach USD 1099.2 Million by 2022, at a CAGR of 9.2% from 2017 to 2022.
Browse 162 Market Data Tables and 20 Figures spread through 148 Pages and in-depth TOC on "Geogrid Market by Type (Uniaxial, Biaxial, and Triaxial), Application (Road construction, Railroad stabilization, and Soil Reinforcement), Manufacturing Method, and Region - Global Forecast to 2022".
Active Players of the Geogrid Market
Tensar (U.S.), one of the key players
of the geogrid market, is involved in the development and manufacturing of
geogrids. The company has adopted expansion as a key growth strategy to enhance
its market share and widen its customer base. The company maintains a strong
brand image in the geogrid market, as it provides high-grade products for
different applications. Tensar manufactures a wide range of products that have
applications in foundation reinforcement, erosion control solutions, and
stabilization or reinforcement of soil aggregates. Since May 2017, Tensar
has been enhancing manufacturing capacity at its Morrow, Georgia manufacturing
facility. The company plans to bring an additional 35% of production capacity
in line by early 2018. This added capacity will cater to the increased demand
of the company’s Triax brand of geogrids in the region.
Huesker (Germany) is involved in the
development and manufacturing of geosynthetics, agricultural, and industrial
textiles for the construction industry. In 2017, the company has established
Australian subsidiary of HUESKER. This will help the company offer its entire
product and solution portfolio to its clients in Australasia. In the same year,
the company has established its first production site in Russia. This will help
the company improve its visibility in the Easter European region and provide
products for applications such as earthworks, foundations, as well as,
hydraulic and environmental engineering.
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Asia Pacific, North
America, Europe, Central & South America, and the Middle East & Africa
are the key regions considered for the market analysis in the report. North
America is expected to become the largest market in 2022 with the countries
such as the U.S. expected to upgrade and expand its existing infrastructure
facilities during the forecast period. The market in Asia Pacific is
projected to grow at the highest CAGR between 2017 and 2022, in terms of value
and volume. The increasing demand for geogrids in infrastructural activities in
the region is projected to boost the geogrid market growth.
Tensar (U.S.), Tencate (Netherlands), Maccaferri (Italy), Huesker
(Germany), Naue (Germany), Pietrucha (Poland), TMP Geosynthetics (China),
Wrekin Products (U.K.), Thrace (Greece), Carthage Mills (U.S.), and Bostd
Geosynthetics Qingdao (China) are the key players operating in the geogrid
market.
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