GEOTEXTILE MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the market are involved in various business strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in December 2017, Groupe Solmax, a manufacturer of polyethylene geomembranes, acquired GSE Environmental, a manufacturer of geosynthetic materials.
2. Key players in the market are focused on various growth strategies such as new product launches, in order to expand their product portfolio. For instance, in July 2019, HUESKER, Inc. launched, a geotextile company, launched world’s first geogrid, which is made from 100% recycled polyethylene terephthalate (PET).
3. Key companies in the market are adopting various business strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in Hanes Geo Components acquired Terrafix Geosynthetics, Inc. Terrafix will continue to operate with the same nameplate. This acquisition will enhance Hannes’ North American distribution of network for geotextiles products.