Geogrid Market to Grasp Excellent Growth by 2027

MarkNtel Advisors has released a research report on the Geogrid Market Size, Share, Analysis, Research, Report 2027. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Geogrid Market Insights:

The Global GeoGrid Market is expecting to propagate at around 8% CAGR in the forecast period of 2022-27.

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Growth Opportunity: Surge in Railway Development

In railway tracks, geogrids help stabilize the substructure on soft soil, reinforce soil walls & steep stones, asphalt reinforcement, spread loads over piles, etc. Hence, they play a crucial role in reducing the maintenance costs associated with tracks while preventing structural deficiencies as the deployment of GeoGrid ensures the structural integrity of the base aggregate and the capacity of the railway. Consequently, the rising railway development & up-gradation projects in several countries worldwide would lead to a notable demand for geogrids in the upcoming years, which would act as an area of lucrative growth opportunity for the global market. For instance:

In 2020, the Canadian National Railway Company (CN) announced to invest approximately USD 82 million across Saskatchewan, USD 82 million across Manitoba, USD 15 million across New Brunswick, and USD 7.8 million across Nova Scotia. These investments would be channelized on replacing rails & ties, along with the maintenance of bridges, level crossings, culverts, signal systems, and other track infrastructure.

Leading Companies Operating in the Geogrid Industry:

-Ace Geosynthetics

-Glen Raven Inc.

-Huesker Synthetic GmbH

-Low & Bonar PLC

-Maccaferri Group- SECI SPA

-Naue GmbH & Co. CG

-Tenax SPA

-Koninklijke ten Cate BV

-Tensar Corporation

-Wrekin Products Ltd.

-Asahi-Kasei Geotech

-Diamond Grid

-GSE Environemental

-Machine-TST

-Low & Bonar

-Maruti Rub-Plast

-CTM Geosynthetics

-Carthage Mills

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Geogrid Market Categorization:

The Geogrid Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

By Application

-Roads & Highways

-Railway Tracks

-Bridges & Dams

-Residential & Commercial Buildings

-Others (Sea Ports, Airport Runways, Solid Waste Landfills, etc.)

By Type

-Uniaxial GeoGrids

-Biaxial Geogrids

-Triaxial Geogrids

By Manufacturing Method

-Extrusion

-Knitten/Woven

-Bonded/Welded

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia Pacific

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Frequently Asked Questions (FAQs)

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