Geogrid Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Geogrid Market was valued at US$ 931.49 million in 2019 and is projected to reach US$ 2,079.02 million by 2027; it is expected to grow at a CAGR of 9% from 2021 to 2027.

Geogrid is a geosynthetic material used for reinforcement of soil and other similar materials. It is mainly used for reinforcement of retaining walls and subbase or subsoil. It improves the bearing capacity and reduces the deformability of the soil. Globally, the use of geogrids in transportation and construction is increasing. This causes a surge in demand for geogrid products.

Market Segments

Based on Type:

• Uniaxial Geogrid
• Biaxial Geogrid
• Triaxial Geogrid

Based on Application:

• Road Construction
• Railroad Stabilization
• Soil Reinforcement

Key Players

Some of the major players in the market include ACE Geosynthetics, Glen Raven Inc., Huesker Synthetic GmbH, Low & Bonar PLC, SECI SpA, Naue GmbH & Co. Kg, Tenax SPA, Koninklijke Ten Cate B.V., Tensar, and Wrekin Products.

Scope of the Report

The research study analyzes the global Geogrid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Geogrid Market Report

1. What was the Geogrid Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Geogrid Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Geogrid Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.