Global Geogrids Market to Grow at a CAGR of 12.7% by 2021: Key Vendors are Koninklijke Ten Cateas, Low & Bonar, NAUE, Officine Maccaferri, Strata Systems & ACE Geosynthetics

The global geogrids market is forecast to grow at a CAGR of 12.78% during the period 2017-2021.

The report, Global Geogrids Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the increasing mergers & acquisitions (M&As). The market is fragmented because of the presence of small regional manufacturers. Cost leadership and innovation help vendors remain competitive in the market. The key players acquire the small players to increase their market share and improve their global presence. M&A will help big players to exploit the emerging markets and improve their product portfolio according to the regional needs.

According to the report, one of the major drivers for this market is the increasing developments in roadways and railway infrastructure. For the construction of roads, it is important to provide stability to the soil with sufficient bearing capacity. This can be achieved by using placing geogrids between the subsoil and base course. Geogrids reduce rutting as they distribute the load equally. They are a cost-effective and efficient method to design and construct roads. The global infrastructure is expected to increase from $4 trillion in 2012 to $8.7 trillion by 2024. Efficient infrastructure, such as well-connected roads, drives growth in the economy.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuation in prices of raw materials. Geogrids are made of synthetic polymers. In terms of volume, PP accounts for approximately 55% of the global geogrids market. It is used for construction purposes as it increases the lifespan. Since geogrids are made primarily of PP, fluctuations in the price of raw materials affect the cost of production of geogrids. Uncertainty in the availability of raw materials creates volatility in demand. Several vendors change the price of the product because of fluctuating prices of raw materials. Export and import of raw materials by countries also impact the price of products.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/8xlsbx/global_geogrids

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716