Global Geocomposites Market Is Estimated To Witness Growth Owing To Growing Infrastructure And Increasing Construction Industry

Geocomposites are geosynthetic materials that can perform multiple functions such as filtration, separation, reinforcement and drainage. These materials are typically used in the construction industry. The use of geocomposites in civil engineering projects is expanding. Geocomposites are used in a wide range of applications. They can be found in roadways, earthworks, tunnels in railways, and for drainage. They can also be used for gas dispersal in landfills. These materials are available in various styles. A geocomposites product consists of a combination of a geogrid and a nonwoven geotextile. The two components act together to enhance the strength of the underlying soil and prevent coarser particles from entering the system.

Rising government initiatives are anticipated to propel growth of the global geocomposites market over the forecast period. For instance, the Indian government allocated US$ 32.02 billion in the Union Budget 2021, for improving infrastructure of the country. Moreover, increasing fluctuations in raw material prices are estimated to restrain growth of the global geocomposites market over the forecast period.

Key players active in the global geocomposites market are FEICHENG LIANYI ENGINEERING PLASTICS Co., Ltd, ABG Ltd, EDIFLOOR SPA, Terram Geosynthetics Private Limited, Hanes Geo Components, Tenax Group, MDB Texinov, Crafco, Inc., Contech Engineered Solutions LLC, SKAPS Industries, Contech Engineered Solutions LLC, Koninklijke Ten Cate bv, NAUE GmbH & Co. KG, CLIMAX SYNTHETICS PVT. LTD., ALYAF INDUSTRIAL COMPANY LIMITED, Tensar International Corporation, American Wick Drain, Officine Maccaferri Spa, Low & Bonar, HUESKER International, EDILFLOOR S.P.A., T.E.M.P., Qingdao Haisan New Energy Co., Ltd., and T.E.M.P.

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