Geocomposites are planer sheets made up of a combination of one or more different geosynthetic products. These composites are available in various types such as geotextile–geonet, geotextile-geocore, geotextile-geogrid, and geotextile-geomembrane among others. Geocomposites offer various functions such as drainage and containment among others. The geocomposites market size is projected to reach USD 740.0 million by 2023 at a CAGR of 11.8% between 2018 and 2023.
The major players operating in the geocomposites market include GSE Environmental (US), Tencate Geosynthetics (US), Maccaferri S.P.A. (Italy), SKAPS Industries (US), ABG Ltd. (UK), Hans Geo Components (US), Huesker Synthetics GmbH (Germany), and Thrace Group (Greece). These companies have a strong presence in the geocomposites market and are making efforts to improve their business strategies and product portfolios.
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Thrace Group is one of the premium companies in the geocomposites market. The company designs, manufactures, and distributes geocomposites products, globally. It offers geocomposites products through its technical fabrics business segment. The company has operations in 11 countries and sales network in more than 80 countries. Approximately 58% of its production and 17% of sales is done in Greece and the rest in all other countries.
GSE Environmental is another major company in the geocomposites market. The company has a broad product portfolio and strong distribution network across the globe, which helps it to provide better service to customers and maintain strong brand image in the geocomposites market.
Geocomposites Market by Product (Geotextile-Geonet, Geotextile-Geocore, Geotextile-Geogrid, Geotextile-Geomembrane), Function (Drainage, Containment), Application (Water Management, Road, Landfill, Soil Reinforcement), and Region - Global Forecast to 2023
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