Geosynthetics Market
REPORT DESCRIPTION
Geosynthetics Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015- 2023
The global geosynthetics market is fragmented in nature due to the relatively easy manufacturing process of synthetic fibers, which has enabled the emergence of several players. Together, the top six companies accounted for 39.7 % share of the global market in terms of revenue in 2014. TenCate Geosynthetics, the leader of the market in 2014, held 11.1 % share. The other five prominent players are GSE Environmental, Inc., Officine Maccaferri S. p. A., NAUE Gmbh & Co. K. G, and Low & Bonar PLC. The global market for geosynthetics was valued at US $ 9.6 bn in 2014, and rising at a healthy CAGR of 9.1 % during the forecast period of 2015 – 2023, it is estimated to value US $ 20.8 bn by the end of 2023.
TenCate Geosynthetics has gained market share in recent times after the acquisition of Performance Materials Corporation Baycomp( PMC Baycomp) in 2012. Though NAUE Gmbh possessed significant and yet smaller shares in the global geosynthetics market in 2014, the company is expected to rise after the expansion in production capacity. The market share of Low and Bonar PLC is anticipated to increase after the acquisition of Texiplast, a Slovakia-based company specializing in high strength geosynthetic products. The global geosynthetics market exhibits high degree of forward integration. Companies such as Agru America, Tensar Corporation, Tenax, and NUAE Gmbh and Co. K. G. not only manufacture geosynthetics but are also engaged in construction of projects that include installation of geosynthetic products. Skilled personnel is required for the installation of geosynthetics. Skilled personnel is required for the installation of synthetics. Hence, manufacturing companies also undertake construction projects where geosynthetics are used.
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