the-infoshop.com - The vertical markets research portal
View CartView Cart
Global Information, Inc.
US: +1-860-674-8796
EU: +32-2-535-7543
SG: +65-6223-2436
  Home | Category | Publishers | Custom Research | E-mail Alert | About Us | Contact Us | Site Map |
 
Category

Press Release
2009/07/22

WORLD DEMAND FOR GEOSYNTHETICS TO REACH 4.7 BILLION SQUARE METERS IN 2013

Global demand for geosynthetics is projected to increase 5.3 percent annually to 4.7 billion square meters in 2013. Countries such as China, India and Russia that are building large-scale infrastructure developments and face evolving environmental protection regulations and building construction codes are expected to post the strongest gains through the forecast period. Geogrids are forecast to achieve the fastest gains through 2013; however, sales of geogrids will only account for eleven percent of total global geosynthetics sales. While growth in geosynthetics demand is expected to be substantial in nearly every region, the underlying reasons for that growth can vary widely. These and other trends are presented in World Geosynthetics, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.

The Asia/Pacific region accounted for nearly 45 percent of global geosynthetics sales in 2008. Advances in this market are primarily driven by China, which itself accounted for over three-quarters of regional sales in 2008. China is also projected to account for nearly 60 percent of new global demand for geosynthetics generated between 2008 and 2013. Chinas dominance is primarily due to its amount of available land, its ongoing development of large-scale infrastructure projects, and its need for erosion control. Similarly, India is expected to post double-digit annual growth through the forecast period, albeit from a much smaller base. Indias gains are driven by its ongoing development of transportation infrastructure, installation of greater protection against erosion and mud slides during its monsoon seasons, and establishment of modern landfills. In many of the least developed countries, however, growth for geosynthetics will be more limited, due to lack of adequate funding, a lack of regulations that require their use and the presence of lower-cost alternatives such as natural fiber geotextiles and rock.

North America was the second largest regional market in 2008, accounting for nearly a quarter of global sales. Advances in the US market are expected to be aided in the near term by government spending initiatives on roads, bridges and other public works projects that have been included as part of an economic stimulus package. Canadas geosynthetics market is much smaller than that of the US, but benefits from a comparable level of development, regulation and ability to fund the upfront costs of geosynthetics. Western Europe and Japan are fairly comparable to the US in terms of the level of maturity of their respective geosynthetics markets, as well as the type of regulatory environment.

WORLD GEOSYNTHETICS DEMAND
(million square meters)
%Annual Growth
Item2003200820132003-20082008-2013
World Geosynthetics Demand2670365047156.55.3
North America77986510052.13.0
Western Europe6657107751.31.8
Asia /Pacific9401610234011.47.8
Other Regions28646559510.25.1

©2009 by The Freedonia Group, Inc.

For more information, please go to Product Page .

Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms. With offices in the US, Europe, Japan, Singapore, Korea and Taiwan, GII serves industry professionals around the clock, and provides support in English, Spanish, Korean, Chinese and Japanese.

For more information on this report please contact an account executive via e-mail us-info@the-infoshop.com or telephone one of GII's international offices http://www.the-infoshop.com/contact_en.shtml


[Report]

Published by : The Freedonia Group
Pub Time: 2009/07
Product Code : fd90373

US: 1-860-674-8796 EU: 32-2-535-7543 SG: 65-6223-2436
The vertical markets research portal
© 2009, the-infoshop.com by Global Information, Inc. All rights reserved.