Geogrids Market Worth $1.5 Billion by 2020

DALLAS, June 30, 2015 /PRNewswire/ --

The report "Geogrids Market by Application (Road Industry, Railroad Stabilization, Soil Reinforcement, and Others) , by Region (Asia-Pacific, North America, Europe, Rest of the World) - Global Trends and Forecasts to 2020" The global market size for Geogrid materials in terms of value is projected to surpass $1.5 Billion by 2020, at a CAGR of around 13.0% from 2015 to 2020.

Browse 68 market Tables and 49 Figures spread through 130 Pages and an in-depth TOC on "Geogrids Market"

http://www.marketsandmarkets.com/Market-Reports/geogrids-market-73715104.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the global Geogrids Market with analysis and forecasts of global market size in terms of volume and value. It also identifies driving and restraining factors for the global Geogrids Market with an analysis of trends, opportunities, burning issues, and winning imperatives.

For more Inquiries: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=73715104

The market is segmented and market size in volume and value are forecast on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). Further, the market is segmented and values are forecast on the basis of major applications of geogrids used in various industries such as road industry, railway industry, soil reinforcement, and others.

Road Industry - major market for geogrids 

Geogrid materials have applications based on their load-bearing capacity, cost and function. Geogrid materials increase efficiency and minimize maintenance of roads, entrances, laydown areas and Oil & Gas platform sites. By utilizing geogrids, reduction in aggregate thickness can be achieved in road construction. Geogrids form a distinct category of geosynthetics designed for soil reinforcement. These products are characterized by a relatively high tensile strength and a uniformly distributed array of large apertures. The apertures allow soil particles on either side of the installed sheet to come into direct contact, thereby increasing the interaction between the geogrid and some soils.

Global Geogrids Market to surpass $1.5 Billion by 2020 

The global market size for geogrid materials in terms of value is projected to surpass $1.5 Billion by 2020, at a CAGR of around 13.0% from 2015 to 2020. The Asia-Pacific region dominated the global Geogrids Market size by value in 2014 with around 35% share in the global market. Asia-Pacific is projected to have the highest market size in terms of value by 2020, followed by the North America region. Asia-Pacific is also projected to be the fastest growing market, at a CAGR of around 17.0% from 2015 to 2020, owing to rise in consumption in the region, where end-user markets of geogrids is growing steadily, especially in road and rail infrastructural developments. The European market is projected to grow at a rate of about 7.0% in terms of value.

The U.S. and China accounted for more than 35.0% of Geogrids Market in terms of value in 2014 

The U.S. is the biggest consumer in the North American region as well as in global scenario with around 80% share in that region. China is the biggest end user of geogrids with about 40.0% share in the Asia-Pacific region and is the second largest globally. The U.S. and China together accounted for around 40.0% of the global Geogrids Market size in terms of value in 2014. The U.S. and China are the largest consumers in their respective regions, and are expected to compete with each other to dominate the market by 2020, with advanced geogrid materials for end users.

Browse Related Reports:

Geosynthetics Market by Type (Geotextiles, Geomembranes, Geogrids, Geofoams, Geonets and Other) & Applications (Road Industry, Railroad Stabilization, Water Management, Waste Management, Mining, Soil Reinforcement, Erosion Control), and by Region - Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/geosynthetic-market-1174.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets