SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Geogrids - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 9; Released: January 2022
Executive Pool: 362
Companies: 38 - Players covered include ACE Geosynthetics; Asahi Kasei Corp.; Bostd Geosynthetics Qingdao Ltd.; Carthage Mills, Inc.; CTM Geosynthetics; Diamond Grid Australia Pty. Ltd.; GSE Environmental, Inc.; Huesker Synthetic GmbH; Low & Bonar PLC; Maccaferri S.P.A; Machina-Tst; Maruti Rub-Plast Pvt. Ltd.; NAUE GmbH & Co. KG; Pietrucha Group; Propex Operating Company, LLC; Strata Systems, Inc.; TechFab India; Ten Cate; TENAX Corporation; Tensar International Corporation, Inc.; Thrace Group; Titan Environmental Containment; TMP Geosynthetics; Viking Containment; Wrekin Products Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Road Construction, Railroad Stabilization, Soil Reinforcement); Type (Biaxial, Triaxial, Uniaxial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Geogrids Market to Reach $1.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Geogrids estimated at US$819 Million, is projected to reach a revised size of US$1.3 Billion by 2026, growing at a CAGR of 7.9% over the analysis period. Biaxial, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$843.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Triaxial segment is readjusted to a revised 7.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $240 Million in 2021, While China is Forecast to Reach $287.4 Million by 2026
The Geogrids market in the U.S. is estimated at US$240 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$287.4 Million by the year 2026 trailing a CAGR of 12.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Uniaxial Segment to Reach US$241 Million by the year 2026
In the global Uniaxial segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$121.6 Million will reach a projected size of US$185.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.