Global geocomposites market is anticipated to grow at a significant CAGR of 11.8% during the forecast period (2024-2031). The rising need for infrastructure development  especially in emerging economies is a significant driver for the geocomposites market. According to the World Bank, global infrastructure spending is projected to reach $9.0 trillion annually by 2040, creating a robust demand for geocomposites in road construction, bridges, and tunnels. Additionally, the demand for housing and transportation infrastructure rises with rapid urbanization and population growth. According to the United Nations, it is projected that by the year 2050, around 68.0% of the global population will live in urban regions. This shift in the population highlights the necessity for geocomposite solutions to solve the issues related to urban expansion and environmental preservation.

Geocomposites in various infrastructure sectors aligns with the global movement towards sustainability. From road construction and landfill management to disaster resilience and climate adaptation, geocomposites play a pivotal role in addressing environmental challenges and meeting stringent regulations. These trends are driving market growth and reshaping the landscape of infrastructure development. Furthermore, sustainable infrastructure practices are gaining momentum globally, reflecting a growing trend towards green building and environmentally friendly construction materials.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By Application
By Industry Vertical

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes ABG Ltd, GSE Environmental, Tenax Group, and Terram Geosynthetics Private Limited among others.

Geocomposites Market Report Segment

By Type

Geonet
Geocore
Geogrid
Geomembrane

By Application

Water & wastewater management
Road & highway
Landfill & mining
Soil reinforcement for civil construction

By Industry Vertical

Chemical & Petrochemical
Oil & Gas
Energy & Power
Automotive
Food & Beverages
Healthcare

A full Report of Geocomposites Market is Available @  https://www.omrglobal.com/industry-reports/geocomposites-market

Company Profiles

Climax Synthetics Pvt. Ltd.
Crafco, Inc.,
Fibertex Nonwovens
Hanes Geo Components
HUESKER Group
Koninklijke Ten Cate BV,
Layfield Group
Leggett & Platt, Inc.,
Maccaferri
NAUE GmbH & Co. KG
Officine Maccaferri Spa,
PropexGeoSolutions
SKAPS Industries
Solmax
TenCate Geosynthetics
Tensar International Corp.
Thrace Group

Reasons to buy from us –

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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