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Global geosynthetics market: 9% CAGR between 2012-2016 forecast

Press Release   •   Aug 21, 2013 16:28 BST

The Global Geosynthetics market is to grow at a CAGR of 8.68 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth of the Construction industry in developing countries. The Global Geosynthetics market has also been witnessing the increased use of geosynthetics in road construction. However, the lack of awareness of the benefits of geosynthetics could pose a challenge to the growth of this market.

Many countries are adopting geosynthetic products to construct road and bridges. Geosynthetics materials, especially geogrids and geotextiles, are used in road construction to increase the performance of the roads. Geogrids consists of polymers formed into rigid grid like configurations. They are used in sub-base layers of roads, to provide stiffness and strength. In addition, the development of wind energy projects has increased the demand for geosynthetic materials.

One of the major growth drivers in the market is the increasing demand for Geosynthetic products and materials from the Construction industry, especially in the emerging nations. Emerging nations such as China, Brazil, and India are experiencing huge growth in the Construction industry and this in turn increase the demand for geosynthetic products in these countries.

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