市場調査レポート
商品コード
1071498
ジオグリッド:世界市場予測(2022年~2027年)Global Geogrids Market - Forecasts from 2022 to 2027 |
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ジオグリッド:世界市場予測(2022年~2027年) |
出版日: 2022年03月29日
発行: Knowledge Sourcing Intelligence
ページ情報: 英文 105 Pages
納期: 即日から翌営業日
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世界のジオグリッドの市場規模は、2020年に7億80万6,000米ドルとなり、予測期間中に4.01%のCAGRで拡大し、2027年に9億5,959万6,000米ドルになると予測されています。輸送と建設におけるジオグリッドの需要の増加により、ジオグリッド市場は予測期間中に速いペースで成長すると推定されます。
当レポートでは、ジオグリッドの世界市場を調査し、市場規模や予測、市場の促進要因および課題、市場動向、セグメント別の市場分析、競合情勢、主要企業のプロファイルなどの体系的な情報を提供しています。
The global geogrids market is projected to grow at a compound annual growth rate of 4.01%. It was valued at US$700.806 million in 2020 and is expected to reach a size of US$959.596 million in 2027.
Owing to the increase in demand for geogrid in transportation and construction, the geogrid market is estimated to grow at a faster pace during the forecast period.
Despite the outbreak of COVID-19, which affected the manufacturing of geogrid, the comeback of road construction projects is expected to robust the geogrid market growth in upcoming years.
Geogrid is a geosynthetic material. This material is used for reinforcing the soils and similar materials. Its usage is majorly made to reinforce retaining walls and subsoils or subbases. The geogrid decreases the deformability of the soil and improves its bearing capacity. The rising number of infrastructure projects in many developing and developed countries have led to a surge in demand for geogrid. This is one of the essential factors to drive the growth in the global geogrid market in recent years. Moreover, although many infrastructure projects went on halt due to COVID-19 in the year 2019 and 2020, to overcome the loss, government and market players are planning to build these projects actively in upcoming years. This has expected to contribute to the growth of the geogrid market during the forecast period.
Geogrid is made in road constructions, soil reinforcement, railroad stabilization, and many other sectors. Wherein, the demand for geogrid is expected to incline towards road construction sector. The use of geogrid in road construction improves its road surface quality and increases the safety of roads. This has eliminated the need for disposal and over-excavation of poor-quality soil. It has also improved the performance to bear earth moving vehicles. Due to the use of geogrid, the maintenance is required low, which provides resistance against inclement climate change such as heavy rain in the area. Moreover, the geogrid reduced carbon emission; its use is also environmentally safe. Thus, many environmentalists encourage the industrialists to use geogrid in road construction.
Geogrid is available in various types, such as uniaxial, biaxial, and triaxial. Among these, biaxial geogrid is expected to portray a significant share in the geogrid market in upcoming years. This is due to its properties, such as optimum load-bearing and exceptional junction strength. Biaxial geogrid is used on a large scale in the road construction sector as it provides strength to the road. It can be found in the materials of roads, highways, expressways, flyovers, and bridges.
Many new projects have been planned for road infrastructure developments. For instance,
Due to modernization at a faster pace in the countries such as the United States and Canada, the up-gradation of infrastructure is rising here. During the next five years, it has been projected that these countries to expand their prevalent infrastructure facilities. This led to the increasing demand for geogrid from these countries. Hence, North America is projected to hold a significant share in the geogrid market during the forecast period.
Whereas, due to the increase in infrastructure projects in many Asian countries, the Asia-Pacific region is expected to grow faster during the forecast period. Nevertheless, Europe is also projected to grow in the geogrid market in the next five years.