The Global Geogrid Market size is expecting to propagate at around 8% CAGR in the forecast period of 2022-27. According to MarkNtel Advisors Study.

Global Geogrid Market Driver:

Mounting Infrastructure Construction Buzz to Steer the Market Growth: The rise in infrastructure developments across countries like China, India, the UK, Canada, etc., has led to the escalating demand for geogrids worldwide. In addition to these, it also benefits other industries, including heavy vehicles & equipment, railways, etc., by enhancing the performance of earth-moving vehicles and confrontation against severe weather situations, such as heavy rains.

The expanding size of the global construction industry focusing on the rehabilitation of existing roads & bridges is expected to complement the demand for geogrids in the coming years. The engineering & maintenance challenges, including weathering effects, poor drainage, aging of road surfaces, increased traffic, etc., due to the heavyweight of vehicles causing cracks on roads & highways, have shifted focus toward a more sustainable alternative, such as geogrids. Hence, these aspects are projected to fuel the growth of the Global GeoGrid Market during 2022-27.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Geogrid Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022 to 2027

• By Application
• Roads & Highways
• Railway Tracks
• Bridges & Dams
• Residential & Commercial Buildings
• Others (Sea Ports, Airport Runways, Solid Waste Landfills, etc.)
• By Type
• Uniaxial GeoGrids
• Biaxial Geogrids
• Triaxial Geogrids
• By Manufacturing Method
• Extrusion
• Knitten/Woven
• Bonded/Welded
• By Region
• North America
• South America
• Europe
• Middle East & Africa
• Asia Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Ace Geosynthetics, Glen Raven Inc., Huesker Synthetic GmbH, Low & Bonar PLC, Maccaferri Group- SECI SPA, Naue GmbH & Co. CG, Tenax SPA, Koninklijke ten Cate BV, Tensar Corporation, Wrekin Products Ltd., Asahi-Kasei Geotech, Diamond Grid, GSE Environemental, Machine-TST, Low & Bonar, Maruti Rub-Plast, CTM Geosynthetics, Carthage Mills are looking forward to strengthening their market positions.

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