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The global geosynthetics industry is driven by the growing investments in infrastructure development activities across residential and commercial sectors. In this regard, geotextiles are used for drainage and erosion control, pavement repairs, soil reinforcements and stabilisation, and embankments, among others. Also, geosynthetics in construction activities reduces the rutting during construction of unpaved roads. During road construction, the reinforcements can be vulnerable to high dynamic stresses during the installation of coarse-grained cover soils and base course materials. Therefore, in order to prevent any damage from the high stresses, geosynthetics are used in road construction. In addition, geosynthetics is also used in coastal protection under environmental activities. In this regard, geosynthetic liners are used as replacements for either compacted clay liners or geomembranes, or they are used in a composite manner to augment the more traditional liner materials. These factors are expected to support the market growth in the forecast period.
The growing investments by the leading market players in mergers and acquisitions are expected to support the market growth in the forecast years. For instance, in March 2021, Solmax, a leading geosynthetics manufacturer, announced the successful acquisition of Propex, a leading North American geosynthetics vendor, which will help reinforce the former’s position in the geosynthetics industry. Furthermore, the growing demand for geosynthetic products in wastewater treatment applications is expected to support the market growth in the forecast years. Some of the major market players in the wastewater treatment industry include Dow Water and Process Solutions, part of the Dow Inc. (NYSE: DOW), and Ecolab Inc. (NYSE: ECL).
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The major players in the global geosynthetics market are Agru America Inc., Avintiv Inc., GEO NATPET, HUESKER Synthetic GmbH, and Asahi Kasei Advance Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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