Geosynthetics market predicted to grow at 7.7% CAGR through 2030

The Geosynthetics Market – Types, Raw Materials and Applications report has been added to ResearchAndMarkets.com’s offering.

The global market for Geosynthetics is estimated at US$17.7 billion in 2024 and is projected to reach US$27.6 billion by 2030 at a CAGR if 7.7% between the two years in the new report.

Various factors are responsible for driving the global demand for geosynthetics, one of which includes infrastructure development in emerging economies. Countries such as China, India and Brazil are witnessing rapid urbanization and government investments in transportation, housing and energy infrastructure, thereby encouraging the market for these materials.

Asia-Pacific stands out as the leading global market for Geosynthetics, estimated to account for a share of 44.8% in 2024, and is also likely to emerge as the fastest growing at a forecast CAGR of 9% during 2024-2030. Massive investments in transportation infrastructure across the region, such as highways, railways and airports are fueling demand for geosynthetics. Rapid urbanization and population explosion in several countries of the region are further propelling demand for solutions that promote land stabilization, waste management and water conservation.

The full report is available for purchase here.