GEOSYNTHETICS MARKET ANALYSIS
Asia Pacific holds dominant position in the market for geosynthetics and also is the fastest growing market. This is owing to increasing demand from various applications such as road and pavements, drainage systems, and others in the construction industry. Growing real estate sector in Asia Pacific is also expected to boost the market growth. In 2018, the government of India launched ‘Housing for all by 2022’ program. According to India Brand Equity Foundation, the Indian real estate sector is expected to reach market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017. Therefore, significant growth in the construction industry is expected to boost growth of the geosynthetics market in the region during the forecast period.
Market Trends :-
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