Geogrid Market Growth Insights and Statistical Analysis to show Expanding Industry Size till 2026
Geogrid Market Demand
Geogrid market was valued at $0.8 billion in 2018, and is projected to reach $1.8 billion by 2026, growing at a CAGR of 9.9% from 2019 to 2026
OREGON, PORTLAND, UNITED STATES, November 21, 2023 /EINPresswire.com/ -- The global geodrid market generated $0.8 billion in 2018, and is estimated to reach $1.8 billion by 2026, registering a CAGR of 9.9% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
According to the report published by Allied Market Research, the Geogrid Market by Application (Road Industry, Railroad Stabilization, Soil Reinforcement & Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.
Increase in the infrastructure development activities and superior properties associated with geogrid drives the growth of the global geogrid market. However, lack of skilled workforce may hinder the market growth. On the other hand, surge in awareness and rise in number of R&D activities create new opportunities in the coming years.
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/1656
Leading market players analyzed in the research include Ace Geosynthetics, Huesker Synthetic GmbH., Maccaferri Group - Seci SPA, Tenax SPA, Tensar Corporation, Glen Raven Inc., Low & Bonar PLC., NAUE GmbH & CO. KG, Koninklijke Ten Cate BV, and Wrekin Products LTD. They have adopted various strategies including expansion, joint ventures, collaborations, mergers & acquisitions, and others to gain a strong position and sustain in the market.
Covid-19 scenario:
During the coronavirus pandemic, the revenue generated from soil reinforcement for global geogrid market will be reduced for few months, however, will rebound quickly.
Investors who seek more safety during the economic turbulence are unable to continue their projects, and will hold all the projects until the lockdown is dismissed.
The migration of employees and laborers to their own countries will impact on the process.
Have Any Query? Ask Our Expert : https://www.alliedmarketresearch.com/purchase-enquiry/1656
The report offers a detailed segmentation of the global geogrid industry based on application and region. Based on application, the road industry segment contributed to the largest share in 2018, accounting for more than one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the soil reinforcement segment is expected to register the highest CAGR of 10.2% from 2019 to 2026.
Based on region, Asia-Pacific contributed to the highest share, accounting for more than two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. This region is also a fastest growing segment, registering a CAGR of 10.1% from 2019 to 2026.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/geogrid-market/purchase-options
Related Reports:
Road Marking Materials Market : https://www.alliedmarketresearch.com/road-marking-materials-market
Building Insulation Materials Market : https://www.alliedmarketresearch.com/building-insulation-materials-market-A12625
Asia & MEA Construction Chemicals Market : https://www.alliedmarketresearch.com/asia-and-mea-construction-chemicals-market
Composites in Construction Market : https://www.alliedmarketresearch.com/composites-in-construction-market-A15500
Retro-Reflective Materials Market : https://www.alliedmarketresearch.com/retro-reflective-materials-market-A12530
South East Asia and Australia Green Building Materials Market : https://www.alliedmarketresearch.com/south-east-asia-and-australia-green-building-materials-market-A13055
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
