[Research Report] 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.
In 2019, Asia Pacific contributed to the largest share in the global geogrid market. The growing use of geogrids in the emerging economies such as China and India due to rise in infrastructure investments, development of rail, and increase in road construction & maintenance activities is anticipated to drive the geogrid market in the region. The governments in the region are taking various initiatives to attract investments in industrial development. Economies such as India and China are attracting investors in the long term. For instance, governments of these countries focus on attracting FDIs by taking several initiatives such as signing international bilateral agreements, entering into public/private partnerships, and improving base and logistics and social use infrastructure, and other such initiatives. Thus, several government initiatives for the industrial development provide a huge market opportunity for the expansion of the geogrids market in this region. In addition, the ever-growing development of transportation sector in India, Japan, and China is also favoring the future growth and value of this market. The growing consumer awareness regarding product applications for soil-reinforcement in addition to its eco-friendly nature, will further accelerate market growth.
The COVID-19 pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. Chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology event cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East & Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the activities in the chemical & materials industry, which is restraining the growth of various markets related to this industry. Many countries are now resuming to normalcy, whereas many are experiencing second wave of the outbreak. In addition, due to vaccination drives, situations are changing now across the globe.
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Geogrid Market: Strategic Insights
Market Size Value in US$ 931.49 Million in 2019 Market Size Value by US$ 2,079.02 Million by 2028 Growth rate CAGR of 9.4% from 2020-2028 Forecast Period 2020-2028 Base Year 2020
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Geogrid Market: Strategic Insights
| Market Size Value in | US$ 931.49 Million in 2019 |
| Market Size Value by | US$ 2,079.02 Million by 2028 |
| Growth rate | CAGR of 9.4% from 2020-2028 |
| Forecast Period | 2020-2028 |
| Base Year | 2020 |
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Market Insights
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.
Type Insights
In terms of type, the global geogrid market is segmented into uniaxial geogrid, biaxial geogrid, and triaxial geogrid. Biaxial geogrid is a type of geogrid which is made from high polymer. Biaxial geogrid consists of high tensile strength, which is in both transverse and longitudinal directions. This type of geogrid is basically made through the process of extruding, punching, sheet forming, and stretching. This type of geogrid basically provides good bearing capacity which can enhance soil structure and prevent soil erosion. It is often used in road construction to prevent the road from reflective and fatigue cracking. Biaxial geogrid is used to improve the long-term durability of the subgrade as well as reduces road maintenance costs. Geogrids also provide support for the construction of access roads, highways, and applications on weak subgrades, which earlier required expensive over-excavating and replacing. Biaxial geogrid has a good resistance to long term degradation, which makes it suitable for various applications such as embankment reinforcement, soil stabilization, slope protection, wall reinforcement, and other permanent load bearing foundation reinforcement. This, in turn, has led to an increased demand for biaxial geogrids. These products are mostly used in subbase reinforcement, soil stabilization, foundation engineering, and highway construction applications.
Application Insights
Based on application, the global geogrid market is segmented into road construction, railroad stabilization, and soil reinforcement. The road construction segment led the market with the largest share in 2019. In the road construction segment, geogrid is mostly used in two major application areas – subgrade stabilization and base reinforcement. In the base reinforcement application, the geogrids are basically applied at the bottom or within the unbound layers of a flexible pavement system, which helps in improving the load carrying capacity of the pavement which is subjected to repeated traffic. In subgrade stabilization applications, the geogrids are basically used to build a construction platform over the weak subgrades to carry the equipment and facilitate the construction of the pavement system without any excessive deformation of the subgrades. Geogrids are also successful in reinforcing asphalt concrete (AC) overlays which is mostly regarding reflective crack retardation. Another benefit of using geogrids is that they develop an efficient interlock with surrounding asphalt which helps in the prevention of cracks from opening even after penetrating full depth.
Manufacturing Method Insights
In terms of manufacturing method, the global geogrid market is segmented into extruded, knitted/woven, and bonded. The extruded segment led the market with the largest share in 2019. This manufacturing method of geogrids basically includes an extrusion of a flat sheet of plastic into a desired configuration. The plastic material which is used can be high-density polypropylene or high-density polyethylene. The punching pattern is already set and is placed over the sheet to make holes for the formation of desired grids. The punching of pattern of holes basically leads to the formation of apertures. After forming apertures, the next thing includes the development of tensile strength, which is basically done by stretching the material to both transverse and longitudinal directions. They are used in soil and road paving reinforcement.
A few key players operating in the global geogrid market are Tensar Corporation; Solmax; NAUE America Inc.; HUESKER Inc.; and Carthage Mills Inc. Major market players are focused on strategies such as mergers and acquisitions, and product launches to increase their geographical presence and consumer base globally.
Geogrid Market Report Scope
Report Spotlights
- Progressive industry trends in the global geogrid market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the market from 2017 to 2028
- Estimation of the demand for geogrid across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for geogrids
- Market trends and outlook coupled with factors driving and restraining the growth of the geogrid market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global geogrid market growth
- Geogrid market size at various nodes of market
- Detailed overview and segmentation of the global geogrid market as well as its dynamics in the industry
- geogrid market size in various regions with promising growth opportunities
Geogrid Market, by Type
- Uniaxial Geogrid
- Biaxial Geogrid
- Triaxial Geogrid
Geogrid Market, by Application
- Road Construction
- Railroad Stabilization
- Soil Reinforcement
Geogrid Market, by Manufacturing Method
- Extruded
- Knitted/Woven
- Bonded
Company Profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Application , and Manufacturing Method
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The biaxial geogrid segment captured the largest share in the global geogrid market in 2019 and it is estimated to maintain its dominance during the forecast period. This growth is owing to superior junction strength and optimum load-bearing properties. The increasing demand for geogrids in road construction is mainly driving the market of biaxial geogrids across the globe. In addition, they find use in soil stabilization, subbase reinforcement, foundation engineering, flyovers, bridges, and highway construction applications. Their beneficial features such as high tensile stiffness, excellent durability, and stretch resistance may favor biaxial geogrid demand during the forecast period
The major players operating in the global geogrid market are BPM geosynthetics; HUESKER Synthetic GmbH; Tensar Corporation; NAUE GmbH & Co. KG; Carthage Mills, Inc.; SOLMAX; S i A Pietrucha Sp. z o.o; BOSTD Geosynthetics Qingdao Ltd ; Thrace Group; Wrekin Products Ltd; TMP GEOSYNTHETICS; Strata Systems, Inc. and Reed & Graham, Incare among many others.
In 2019, Asia Pacific contributed to the largest share in the global geogrid market. The growing use of geogrids in the emerging economies such as China and India due to rising infrastructure investments, development of rail and increasing road construction & maintenance activities are the major factors anticipated to drive the demand for geogrid. The governments in the region are taking various initiatives to attract investments in industrial development. Economies such as India and China attract investors in the long term. For instance, government of these countries focus on attracting FDIs by taking several initiatives such as signing international bilateral agreements, entering into public/private partnerships, and improving base and logistics and social use infrastructure and other such initiatives. Thus, several government initiatives for the industrial development provide a huge market opportunity for the expansion of the geogrids market in this region. In addition, the ever-growing development of transportation sector in India, Japan and China are also favoring the future growth and value of this market. Growing consumer awareness regarding product applications for soil-reinforcement in addition to their eco-friendly nature will further accelerate market growth
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Geogrid Market, by Type
1.3.2 Geogrid Market, by Application
1.3.3 Geogrid Market, by Manufacturing Method
1.3.4 Geogrid Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Geogrid Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
4.4 Global Geogrid Market: Pricing Analysis, By Type - 2019
5. Geogrid Market – Key Market Dynamics
5.1 Drivers
5.1.1 Increase in Global Infrastructural Activities
5.1.2 Superior Properties Associated with Geogrid
5.2 Restraint
5.2.1 Regulations Related to Raw Materials and Challenges in Product Specification
5.3 Opportunity
5.3.1 Adoption of Natural Geogrid
5.4 Future Trend
5.4.1 Product Innovations in Geogrid Industry
5.5 Impact Analysis of Drivers and Restraints
6. Geogrid – Global Market Analysis
6.1 Geogrid Market Overview
6.2 Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 US Geogrid Market Player Positioning/Market Share
7. Global Geogrid Market Analysis – By Type
7.1 Overview
7.2 Global Geogrid Market Breakdown, By Type, 2019 & 2028
7.3 Uniaxial Geogrid
7.3.1 Overview
7.3.2 Uniaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
7.4 Biaxial Geogrid
7.4.1 Overview
7.4.2 Biaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
7.5 Triaxial Geogrid
7.5.1 Overview
7.5.2 Triaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
8. Global Geogrid Market Analysis – By Application
8.1 Overview
8.2 Geogrid Market Breakdown, By Application, 2019 & 2028
8.3 Road Construction
8.3.1 Overview
8.3.2 Road Construction: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
8.4 Railroad Stabilization
8.4.1 Overview
8.4.2 Railroad Stabilization: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
8.5 Soil Reinforcement
8.5.1 Overview
8.5.2 Soil Reinforcement: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
9. Global Geogrid Market Analysis – By Manufacturing Method
9.1 Overview
9.2 Geogrid Market Breakdown, By Manufacturing Method, 2019 & 2028
9.3 Extruded
9.3.1 Overview
9.3.2 Extruded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
9.4 Knitted/Woven
9.4.1 Overview
9.4.2 Knitted/Woven: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
9.5 Bonded
9.5.1 Overview
9.5.2 Bonded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
10. Geogrid Market Analysis – Geographical Analysis
10.1 Overview
10.2 North America: Geogrid Market
10.2.1 North America: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
10.2.2 North America: Geogrid Market, by Type
10.2.3 North America: Geogrid Market, by Application
10.2.4 North America: Geogrid Market, by Manufacturing Method
10.2.5 North America: Geogrid Market, by Key Country
10.2.5.1 US: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.2.5.1.1 US: Geogrid Market, by Type
10.2.5.1.2 US: Geogrid Market, by Application
10.2.5.1.3 US: Geogrid Market, by Manufacturing Method
10.2.5.2 Canada: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.2.5.2.1 Canada: Geogrid Market, by Type
10.2.5.2.2 Canada: Geogrid Market, by Application
10.2.5.2.3 Canada: Geogrid Market, by Manufacturing Method
10.2.5.3 Mexico: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.2.5.3.1 Mexico: Geogrid Market, by Type
10.2.5.3.2 Mexico: Geogrid Market, by Application
10.2.5.3.3 Mexico: Geogrid Market, by Manufacturing Method
10.3 Europe: Geogrid Market
10.3.1 Europe: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
10.3.2 Europe: Geogrid Market, by Type
10.3.3 Europe: Geogrid Market, by Application
10.3.4 Europe: Geogrid Market, by Manufacturing Method
10.3.5 Europe: Geogrid Market, by Key Country
10.3.5.1 Germany: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.3.5.1.1 Germany: Geogrid Market, by Type
10.3.5.1.2 Germany: Geogrid Market, by Application
10.3.5.1.3 Germany: Geogrid Market, by Manufacturing Method
10.3.5.2 France: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.3.5.2.1 France: Geogrid Market, by Type
10.3.5.2.2 France: Geogrid Market, by Application
10.3.5.2.3 France: Geogrid Market, by Manufacturing Method
10.3.5.3 Italy: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.3.5.3.1 Italy: Geogrid Market, by Type
10.3.5.3.2 Italy: Geogrid Market, by Application
10.3.5.3.3 Italy: Geogrid Market, by Manufacturing Method
10.3.5.4 UK: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.3.5.4.1 UK: Geogrid Market, by Type
10.3.5.4.2 UK: Geogrid Market, by Application
10.3.5.4.3 UK: Geogrid Market, by Manufacturing Method
10.3.5.5 Russia: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.3.5.5.1 Russia: Geogrid Market, by Type
10.3.5.5.2 Russia: Geogrid Market, by Application
10.3.5.5.3 Russia: Geogrid Market, by Manufacturing Method
10.3.5.6 Rest of Europe: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.3.5.6.1 Rest of Europe: Geogrid Market, by Type
10.3.5.6.2 Rest of Europe: Geogrid Market, by Application
10.3.5.6.3 Rest of Europe: Geogrid Market, by Manufacturing Method
10.4 APAC: Geogrid Market
10.4.1 APAC: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
10.4.2 APAC: Geogrid Market, by Type
10.4.3 APAC: Geogrid Market, by Application
10.4.4 APAC: Geogrid Market, by Manufacturing Method
10.4.6 APAC: Geogrid Market, by Key Country
10.4.6.1 China: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.4.6.1.1 China: Geogrid Market, by Type
10.4.6.1.2 China: Geogrid Market, by Application
10.4.6.1.3 China: Geogrid Market, by Manufacturing Method
10.4.6.2 India: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.4.6.2.1 India: Geogrid Market, by Type
10.4.6.2.2 India: Geogrid Market, by Application
10.4.6.2.3 India: Geogrid Market, by Manufacturing Method
10.4.6.3 Japan: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.4.6.3.1 Japan: Geogrid Market, by Type
10.4.6.3.2 Japan: Geogrid Market, by Application
10.4.6.3.3 Japan: Geogrid Market, by Manufacturing Method
10.4.6.4 South Korea: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.4.6.4.1 South Korea: Geogrid Market, by Type
10.4.6.4.2 South Korea: Geogrid Market, by Application
10.4.6.4.3 South Korea: Geogrid Market, by Manufacturing Method
10.4.6.5 Rest of APAC: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.4.6.5.1 Rest of APAC: Geogrid Market, by Type
10.4.6.5.2 Rest of APAC: Geogrid Market, by Application
10.4.6.5.3 Rest of APAC: Geogrid Market, by Manufacturing Method
10.5 Middle East & Africa (MEA): Geogrid Market
10.5.1 MEA: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
10.5.2 MEA: Geogrid Market, by Type
10.5.3 MEA: Geogrid Market, by Application
10.5.4 MEA: Geogrid Market, by Manufacturing Method
10.5.5 MEA: Geogrid Market, by Key Country
10.5.5.1 South Africa: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.5.5.1.1 South Africa: Geogrid Market, by Type
10.5.5.1.2 South Africa: Geogrid Market, by Application
10.5.5.1.3 South Africa: Geogrid Market, by Manufacturing Method
10.5.5.2 Saudi Arabia: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.5.5.2.1 Saudi Arabia: Geogrid Market, by Type
10.5.5.2.2 Saudi Arabia: Geogrid Market, by Application
10.5.5.2.3 Saudi Arabia: Geogrid Market, by Manufacturing Method
10.5.5.3 UAE: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.5.5.3.1 UAE: Geogrid Market, by Type
10.5.5.3.2 UAE: Geogrid Market, by Application
10.5.5.3.3 UAE: Geogrid Market, by Manufacturing Method
10.5.5.4 Rest of MEA: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.5.5.4.1 Rest of MEA: Geogrid Market, by Type
10.5.5.4.2 Rest of MEA: Geogrid Market, by Application
10.5.5.4.3 Rest of MEA: Geogrid Market, by Manufacturing Method
10.6 SAM: Geogrid Market
10.6.1 SAM: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
10.6.2 SAM: Geogrid Market, by Type
10.6.3 SAM: Geogrid Market, by Application
10.6.4 SAM: Geogrid Market, by Manufacturing Method
10.6.5 SAM: Geogrid Market, by Key Country
10.6.5.1 Brazil: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.6.5.1.1 Brazil: Geogrid Market, by Type
10.6.5.1.2 Brazil: Geogrid Market, by Application
10.6.5.1.3 Brazil: Geogrid Market, by Manufacturing Method
10.6.5.2 Argentina: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.6.5.2.1 Argentina: Geogrid Market, by Type
10.6.5.2.2 Argentina: Geogrid Market, by Application
10.6.5.2.3 Argentina: Geogrid Market, by Manufacturing Method
10.6.5.3 Rest of SAM: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
10.6.5.3.1 Rest of SAM: Geogrid Market, by Type
10.6.5.3.2 Rest of SAM: Geogrid Market, by Application
10.6.5.3.3 Rest of SAM: Geogrid Market, by Manufacturing Method
11. Impact of COVID-19 Pandemic on Geogrid Market
11.1 Impact of COVID-19 on Geogrid Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 BPM geosynthetics
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 HUESKER Synthetic GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Tensar Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 NAUE GmbH & Co. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Carthage Mills, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SOLMAX
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 S i A Pietrucha Sp. z o.o.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BOSTD Geosynthetics Qingdao Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Thrace Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Wrekin Products Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 TMP GEOSYNTHETICS
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Strata Systems, Inc.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Reed & Graham, Inc.
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Geogrid Market –Global Pricing Analysis by Type (US$/ Square Meter)
Table 2. Geogrid Market –Regional Pricing Analysis by Type (US$/ Square Meter)
Table 3. Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Table 4. North America Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 5. North America Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 6. North America Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 7. US Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 8. US Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 9. US Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 10. Canada Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 11. Canada Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 12. Canada Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 13. Mexico Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 14. Mexico Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 15. Mexico Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 16. Europe Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 17. Europe Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 18. Europe Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 19. Germany Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 20. Germany Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 21. Germany Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 22. France Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 23. France Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 24. France Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 25. Italy Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 26. Italy Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 27. Italy Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 28. UK Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 29. UK Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 30. UK Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 31. Russia Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 32. Russia Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 33. Russia Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 34. Rest of Europe Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 35. Rest of Europe Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 36. Rest of Europe Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 37. APAC Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 38. APAC Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 39. APAC Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 40. China Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 41. China Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 42. China Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 43. India Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 44. India Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 45. India Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 46. Japan Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 47. Japan Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 48. Japan Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 49. South Korea Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 50. South Korea Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 51. South Korea Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 52. Rest of Asia Pacific Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 53. Rest of Asia Pacific Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 54. Rest of Asia Pacific Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 55. MEA Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 56. MEA Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 57. MEA Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 58. South Africa Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 59. South Africa Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 60. South Africa Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 61. Saudi Arabia Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 62. Saudi Arabia Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 63. Saudi Arabia Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 64. UAE Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 65. UAE Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 66. UAE Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 67. Rest of MEA Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 68. Rest of MEA Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 69. Rest of MEA Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 70. SAM Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 71. SAM Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 72. SAM Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 73. Brazil Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 74. Brazil Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 75. Brazil Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 76. Argentina Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 77. Argentina Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 78. Argentina Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 79. Rest of SAM Geogrid Market, by Type – Revenue and Forecast to 2028 (US$ Mn)
Table 80. Rest of SAM Geogrid Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 81. Rest of SAM Geogrid Market, by Manufacturing Method – Revenue and Forecast to 2028 (US$ Mn)
Table 82. Glossary of Terms, Global Geogrid Market
LIST OF FIGURES
Figure 1. Geogrid Market Segmentation
Figure 2. Geogrid Market Segmentation – By Geography
Figure 3. Global Geogrid Market Overview
Figure 4. Biaxial Geogrid Segment Held Largest Share of Global Geogrid Market
Figure 5. Asia Pacific Region Held Largest Share of Global Geogrid Market
Figure 6. Global Geogrid Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 1. Geogrid Market Impact Analysis of Drivers and Restraints
Figure 2. Geographic Overview of Geogrid Market
Figure 3. Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 4. Global Geogrid Market Breakdown, By Type, 2019 & 2028
Figure 5. Uniaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 6. Biaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 7. Triaxial Geogrid: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 8. Geogrid Market Breakdown, By Function, 2019 & 2028 (%)
Figure 9. Road Construction: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 10. Railroad Stabilization: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 11. Soil Reinforcement: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 12. Geogrid Market Breakdown, By Manufacturing Method, 2019 & 2028 (%)
Figure 13. Extruded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 14. Knitted/Woven: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 15. Bonded: Geogrid Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 16. Global Geogrid Market Revenue Share, by Region (2019 and 2028)
Figure 17. North America: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 18. North America: Geogrid Market Revenue Share, by Type (2019 and 2028)
Figure 19. North America: Geogrid Market Revenue Share, by Application (2019 and 2028)
Figure 20. North America: Geogrid Market Revenue Share, by Manufacturing Method (2019 and 2028)
Figure 21. North America: Geogrid Market Revenue Share, by Key Country (2019 and 2028)
Figure 22. US: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 23. Canada: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Mexico: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Europe: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Europe: Geogrid Market Revenue Share, by Type (2019 and 2028)
Figure 27. Europe: Geogrid Market Revenue Share, by Application (2019 and 2028)
Figure 28. Europe: Geogrid Market Revenue Share, by Manufacturing Method (2019 and 2028)
Figure 29. Europe: Geogrid Market Revenue Share, by Key Country (2019 and 2028)
Figure 30. Germany: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 31. France: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 32. Italy: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 33. UK: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 34. Russia: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 35. Rest of Europe: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 36. APAC: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 37. APAC: Geogrid Market Revenue Share, by Type (2019 and 2028)
Figure 38. APAC: Geogrid Market Revenue Share, by Application (2019 and 2028)
Figure 39. APAC: Geogrid Market Revenue Share, by Manufacturing Method (2019 and 2028)
Figure 40. APAC: Geogrid Market Revenue Share, by Key Country (2019 and 2028)
Figure 41. China: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 42. India: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 43. Japan: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 44. South Korea: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 45. Rest of APAC: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 46. MEA: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 47. MEA: Geogrid Market Revenue Share, by Type (2019 and 2028)
Figure 48. MEA: Geogrid Market Revenue Share, by Application (2019 and 2028)
Figure 49. MEA: Geogrid Market Revenue Share, by Manufacturing Method (2019 and 2028)
Figure 50. MEA: Geogrid Market Revenue Share, by Key Country (2019 and 2028)
Figure 51. South Africa: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 52. Saudi Arabia: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 53. UAE: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 54. Rest of MEA: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 55. SAM: Geogrid Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 56. SAM: Geogrid Market Revenue Share, by Type (2019 and 2028)
Figure 57. SAM: Geogrid Market Revenue Share, by Application (2019 and 2028)
Figure 58. SAM: Geogrid Market Revenue Share, by Manufacturing Method (2019 and 2028)
Figure 59. SAM: Geogrid Market Revenue Share, by Key Country (2019 and 2028)
Figure 60. Brazil: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 61. Argentina: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 62. Rest of SAM: Geogrid Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 63. Impact of COVID-19 Pandemic in North American Country Markets
Figure 64. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 65. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 66. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 67. Impact of COVID-19 Pandemic in South America Country Markets
The List of companies - Geogrid Market
- BPM geosynthetics
- HUESKER Synthetic GmbH
- Tensar Corporation
- NAUE GmbH & Co. KG
- Carthage Mills, Inc.
- SOLMAX
- S i A Pietrucha Sp. z o.o
- BOSTD Geosynthetics Qingdao Ltd
- Thrace Group
- Wrekin Products Ltd
- TMP GEOSYNTHETICS
- Strata Systems, Inc.
- Reed & Graham, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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