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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