Published on : Dec 26, 2017
ALBANY, New York, December 26, 2017: The South Asia geosynthetics market has been comprehensively evaluated in a report added by ResearchMoz.us bearing the title “Geosynthetics Market: South Asia Industry Analysis and Opportunity Assessment 2017 - 2027.” Geosynthetics has been widely engaged in different applications such as those in erosion control, soil reinforcement, mining, waste management, water management, railroad stabilization, and roads. Besides this, it has been considerably used in coastal engineering, environmental applications, construction industries, and civil engineering. The rising investment in the civil facilities of emerging nations could also add to the growth of the market. The oil and gas and mining industries have been substantially increasing the demand for geosynthetics.
The growth of the South Asia geosynthetics market may suffer a slack in growth due to economic slowdown. However, the increasing consumption in the region could help the market to bring its growth rate back on track. Few of the elementary functions of geosynthetics include surface protection and erosion control, barrier, containment, drainage, filtration, reinforcement, and separation. The rising infrastructure activity in South Asia could provide a strong impetus to market growth in the near future. This could be attributed to the swelling usage of geosynthetics in the mining industry, rising environmental regulations, reduced environmental impact, demand for cost-effective engineering solutions, and the ecofriendly nature and materials durability of geosynthetics.
As per the report, the South Asia geosynthetics market could see a classification according to product, material, primary function, application, and region. On the basis of product, there could be segments such as geocell and geofoam, geosynthetic clay liner, geocomposite, geonet, geogrid, geomembrane, and geotextile taking shape in the market. By material, the market could be segmented into synthetic rubber and polyvinyl chloride (PVC), natural fibers, polyester, polypropylene (PP), and polyethylene including linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE).
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By primary function, players could find opportunities in segments such as reinforcement, containment, drainage and filtration, and separation. By application, nursery and agriculture, landfill and erosion control, waterworks, riverbanks, and dams, retaining walls, railways, and paved and unpaved roads could offer better opportunities. In terms of regional segmentation, players could look to tap into business prospects birthed in important markets such as New Zealand, Australia, Association of Southeast Asian Nations (ASEAN), India, and Rest of South Asia.
The application of roads (paved and unpaved) has been expected to showcase dominance in terms of both value and volume in the foreseeable future. Construction contractors hesitant to employ geosynthetic materials because of the rise in overall cost could hinder the growth of the demand in the market. The requirement of highly skilled professionals and extortionate specialized equipment could also discourage the uptake of geosynthetics. Furthermore, the lack of knowledge about the advantages of using geosynthetics could hamper market growth. Nevertheless, the replacement of the traditional methods of manufacturing geosynthetics with cost-efficient production techniques has been foreseen to dilute the effect of the restraints on the market.
Geosynthetics manufacturers have been envisaged to find opportunities in various regional and local markets with the help of partnerships with engineering, procurement, and construction (EPC) companies and prime distributors to reach out to end users. However, the existence of powerful establishments in the market has been envisioned to intensify the current level of competition in the coming years. Some of the important players of the South Asia geosynthetics market are Geofabrics Australasia Pty. Ltd., HUESKER Synthetic GmbH, and GSE Environmental Inc.
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