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    Geogrid Market | Covid-19 Impact Analysis

    Geogrid Market | Covid-19 Impact Analysis

    Geogrid Market | Covid-19 Impact Analysis
    Report code - SRAM289 Delivery - 2 Weeks
    Geogrid Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Geogrid Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Geogrid Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Geogrid Market Insights

    Geogrid Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The growing use of geogrids in the emerging economies and the increased cost savings achieved in road construction and maintenance activities with their use are the major factors anticipated to drive the global geogrid market during the forecast period.

    Geogrid Market - Snapshot

    Growth

    11.2% for the next five years

    Major Type

    Biaxial geogrid

    Dominant Application Type

    Road construction

    Region with the highest demand

    North America

    Key Players

    ACE Geosynthetics, Asahi-Kasei Geotech, BOSTD Geosynthetics Qingdao Ltd., Carthage Mills, CTM Geosynthetics, GSE Environmental, Inc., HUESKER inc., NAUE GmbH & Co. KG, Officine Maccaferri SpA, and Propex Operating Company.

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    Market Share Analysis

    Geogrid Market Share: By Type

    Based on the type, the market is segmented as uniaxial geogrids, biaxial geogrids, and triaxial geogrids. The biaxial geogrid segment captured the largest share of the market in 2018, and is estimated to maintain its dominance during the forecast period. This growth is owing to the exceptional junction strength and optimum load bearing properties of the biaxial geogrid. Higher demand for geogrids for road construction is mostly bolstering the market for biaxial geogrids globally, as they are employed in the construction of highways, flyovers, and bridges.  

    Geogrid Market Share: By Application Type

    Based on the application type, the market is segmented as road construction, railroad stabilization, soil reinforcement, and others. Road construction is estimated to be the largest application type segment of the geogrid market. Geogrids offer an improved road surface quality and safety of roads, eliminated need of over-excavation and disposal of poor-quality soil, high performance of earth moving vehicles, low maintenance requirements, and resistance against inclement weather conditions such as heavy rains to the structure or area. Further, their use is environmentally safe, as it aids in reducing carbon emissions.    

    Geogrid Market Share: By Region

    In terms of regions, North America is estimated to become the largest market for geogrids during the forecast period with the countries such as the U.S. expected to modernize and expand its prevalent infrastructural facilities in the coming five years. On the other hand, the market in Asia-Pacific is estimated to register the highest growth during the forecast period, in terms of value and volume. Europe is also expected to offer substantial growth opportunities during the forecast period.

    Geogrid Market: Key Players

    Some of the major players in the geogrid market are ACE Geosynthetics, Asahi-Kasei Geotech, BOSTD Geosynthetics Qingdao Ltd., Carthage Mills, CTM Geosynthetics, GSE Environmental, Inc., HUESKER inc., NAUE GmbH & Co. KG, Officine Maccaferri SpA, and Propex Operating Company.

     

    Market Scope & segmentation

    Geogrid is mainly a geosynthetic material that is used in the reinforcement of soil and other similar elements. These are known to have higher strength in comparison to soil.

    Geogrid is of different types such as uniaxial geogrids, biaxial geogrids, and triaxial geogrids. Road construction, railroad stabilization, soil reinforcement, and others are some of the application areas of geogrids.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Geogrid Market Report - Features

    Market Segmentation

    4

    Regions Covered

    5

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The geogrid market is segmented into the following categories. 

    Geogrid Market Size, Share & Forecast, by Type:

    • Uniaxial Geogrids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Biaxial Geogrids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Triaxial Geogrids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Geogrid Market Size, Share & Forecast, by Manufacturing Method Type:

    • Extrusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Knitted/Woven (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bonded/Welded (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Geogrid Market Size, Share & Forecast, by Application Type:

    • Road Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Railroad Stabilization (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Soil Reinforcement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Geogrid Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What is Geogrid?

    Geogrid is mainly a geosynthetic material that is used in the reinforcement of soil and other similar elements. These are known to have higher strength in comparison to soil. Geogrid is of different types such as uniaxial geogrids, biaxial geogrids, and triaxial geogrids. Road construction, railroad stabilization, soil reinforcement, and others are some of the application areas of geogrids.

    What will be the CAGR of the Geogrid Market?

    Geogrid Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The growing use of geogrids in the emerging economies and the increased cost savings achieved in road construction and maintenance activities with their use are the major factors anticipated to drive the global geogrid market during the forecast period.

    Which country/region is expected to remain the largest Geogrid Market?

    In terms of regions, North America is estimated to become the largest market for geogrids during the forecast period with the countries such as the U.S. expected to modernize and expand its prevalent infrastructural facilities in the coming five years.

    Who are the key players in the Geogrid Market?

    Some of the major players in the geogrid market are ACE Geosynthetics, Asahi-Kasei Geotech, BOSTD Geosynthetics Qingdao Ltd., Carthage Mills, CTM Geosynthetics, GSE Environmental, Inc., HUESKER inc., NAUE GmbH & Co. KG, Officine Maccaferri SpA, and Propex Operating Company.

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