Rapid growth in the infrastructure industry is augmenting the growth of the geosynthetics market

 

Geosynthetics Market

Geosynthetics have been around for quite a while. Geosynthetics can be broadly categorized into eight main categories: hemodialysis, hydrotherapy, metallurgy, soil science, thermodynamics, fluid science, environmental science, and biotechnology. The first two categories are broadly useful in providing information on soil fertility and other application areas. Geodialysis is basically a science that studies the condition and quality of the soil. Hydrotherapy uses the knowledge of how water and other fluids interact with soil to deliver benefits to farmers, industry, and other consumers. And metallurgy deals with the design, production, and supply of various metals.

Increasing construction activities around the globe is driving the growth of the geosynthetics market. The growing application of geosynthetics for controlling erosion is also anticipated to foster the growth of the market. According to the Agriculture at a Crossroads, the European Union is losing 970 million tons of soil per year due to water erosion, an amount equivalent to one meter-depth loss of soil from an area the size of the city of Berlin or enough to cover an area twice the size of Belgium with one centimeter of soil. Moreover, the growing demand for durable materials that provide superior mechanical protection and wastewater treatment is further expected to bring new growth opportunities for the market of geosynthetics market.

The Asia Pacific is projected to exhibit significant growth over the forecast period and this is attributed to the rapid development in the construction industry due to growing investment. According to the India Brand Equity Foundation, Large investment in infrastructure has seen momentum as overall PE (private equity)/VC (venture capital) investment touched an all-time high of US$ 14.5 billion in 2019. Indian Railways has received an allocation of Rs. 72,216 crore (US$ 10.33 billion) under Union Budget 2020-21. India plans to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country.

Key Developments:

1.      In July 2019, HUESKER has launched the first geogrid made from 100% recycled polyethylene terephthalate (PET). The newly launched product belongs to the environmentally friendly solutions category that conserves natural resources during production and offers the same quality as its conventional counterparts.

2.      In October 2017, Colloids has launched two new specialty masterbatches for manufacturing HDPE geomembrane liners: MPE9D2203, a premium UV grade; and MPE9D2219, an economy liner grade

3.      In February 2019, Propex GeoSolutions has launched PETROMAT® Enviro, a patent-pending technology that is engineered to easily mill into small pieces and be recycled into new asphalt pavement.


Location: India

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