Geogrids are widely used in road construction, and railroad stabilization. Geogrids allow engineers and designers to build structures at places with loose soil conditions. This report segments the geogrid market on the basis of type, manufacturing method, and application, in terms of value and volume.
Increasing infrastructural activities in the emerging countries and cost savings in road construction and maintenance are the key factors projected to drive the geogrid market. Companies operating in this market are focused on the adoption of strategies, such as new product launches, expansions, and agreements & contracts to cater to the rising demand for geogrids across various regions worldwide. The key players of the geogrid market include Tensar (U.S.), Tencate (Netherlands), Maccaferri (Italy), Huesker (Germany), Naue (Germany), Pietrucha (Poland), TMP Geosynthetics (China), Wrekin Products (U.K.), Thrace (Greece), Carthage Mills (U.S.), BOSTD Geosynthetics Qingdao (China).
Along with new product launches, companies have adopted expansion strategies to increase their market share and distribution network. These strategies accounted for a significant share of all the growth strategies adopted by the key players of the geogrid market between 2015 and 2017.
Active Players of the Geogrid Market
Tensar (U.S.), one of the key players of the geogrid market, is involved in the development and manufacturing of geogrids. The company has adopted expansion as a key growth strategy to enhance its market share and widen its customer base. The company maintains a strong brand image in the geogrid market, as it provides high-grade products for different applications. Tensar manufactures a wide range of products that have applications in foundation reinforcement, erosion control solutions, and stabilization or reinforcement of soil aggregates. Since May 2017, Tensar has been enhancing manufacturing capacity at its Morrow, Georgia manufacturing facility. The company plans to bring an additional 35% of production capacity in line by early 2018. This added capacity will cater to the increased demand of the company’s Triax brand of geogrids in the region.
Huesker (Germany) is involved in the development and manufacturing of geosynthetics, agricultural, and industrial textiles for the construction industry. In 2017, the company has established Australian subsidiary of HUESKER. This will help the company offer its entire product and solution portfolio to its clients in Australasia. In the same year, the company has established its first production site in Russia. This will help the company improve its visibility in the Easter European region and provide products for applications such as earthworks, foundations, as well as, hydraulic and environmental engineering.
Geogrid Market by Type (Uniaxial, Biaxial, and Triaxial), Application (Road construction, Railroad stabilization, and Soil Reinforcement), Manufacturing Method, and Region - Global Forecast to 2022
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