SOUTH ASIA GEOSYNTHETICS MARKET ANALYSIS

South Asia Geosynthetics Market, By Product Type (Product Type (Geotextile, Geomembrane, Geogrid, Goenet, Geocomposite, Geosynthetic Clay Liner, Others (Geofoam and Geocell)), By Material Type (Polyethylene (HDPE/LLDPE, Others), Polypropylene (PP), Polyester, Natural fibers, Others (PVC, Synthetic Rubber, etc.)), By Primary Function (Separation, Drainage and Filtration, Reinforcement, Containment), By Application (Road (Paved & Unpaved), Railways, Retaining Walls, Dams, Riverbanks, Waterworks, Landfill & Erosion Control, Others (Agriculture, Nursery, etc.)), By Geography (North America, Latin America, Europe, Asia pacific, Middle East & Africa)

Published In : May 2023
Code : CMI3669
Pages :120
Formats :
Excel and PDF
Industry : Advanced Materials

Market Challenges And Opportunities

South Asia Geosynthetics Market: Growth Drivers

Growing development of road and rail networks in South Asia

The growing development of road and rail networks in South Asia is expected to augment the growth of geosynthetics. In the development of road and rail infrastructure, it is used to base reinforcement, filtration & drainage facility, subgrade stabilization, and separation, absorption of overlay stress, and reinforcement. In the rail network, it enhances stress propagation and offers improved stability. Thus, the rapid development of road &rail networks is expected to foster the growth of the South Asia geosynthetics market.

Rising demand from water containment and canaling projects

Rising demand from water containment and canaling projects is projected to accelerate the market growth of geosynthetics. Geosynthetics are widely used in waterproofing applications to prevent water absorption. Moreover, growing initiatives from the government to promote the development of water containment projects due to the rising demand for water around the globe is expected to accelerate the market growth of geosynthetics.

South Asia Geosynthetics Market: Market Restraints

Lack of skilled labor Lack of awareness about the benefits of geosynthetics

Lack of skilled labor for the application of geosynthetic materials in construction projects is projected to restrain the growth of the South Asia geosynthetics market. Moreover, fluctuating prices of raw materials used for the manufacturing of geosynthetic materials are further anticipated to hamper the market growth over the forecast timeframe.

Lack of awareness about the benefits of geosynthetics

Lack of awareness regarding the benefits of geosynthetic products among contractors is expected to restrict the market growth of geosynthetic. Geosynthetic materials prevent soil erosion, offer reinforcement to the soil, and keep the layer intact. Across the developing countries of South Asia, there is a lack of awareness regarding the benefits of geosynthetic materials and this factor is projected to hinder the market growth.