According tp Fortune Business Insights, the global geocomposites market size was valued at USD 447.1 million in 2023 and is projected to grow from USD 476.0 million in 2024 to USD 768.6 million by 2032, exhibiting a CAGR of 6.2% during the forecast period. North America dominated the geocomposites market with a market share of 36.48% in 2023. Rising construction activities and increasing awareness of the material’s benefits are expected to fuel the market development. Fortune Business Insights™ presents this information in its report titled “Geocomposites Market, 2024-2032.”

Geocomposites are used for filtration, reinforcement, separation, and drainage of roads. It increases the durability and strength of soil in roadways, thereby increasing its adoption. Rising construction projects and rapid development fuel the adoption of the product. The construction of railways, highways, roads, and others is likely to increase sales. Further, rising awareness regarding geocomposites' benefits is expected to boost its adoption in several construction projects. In addition, rising focus on infrastructure development by governments worldwide may propel market growth.

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List of Key Players Profiled in the Report

• CLIMAX SYNTHETICS PVT. LTD. (Gujrat, India)
• TenCate Geosynthetics Americas (Georgia, the U.S.)
• Leggett & Platt, Incorporated (North Carolina, the U.S.)
• GSE Environmental (Texas, the U.S.)
• Thrace Group (Alimos, Greece)
• ABG Ltd. (Meltham, U.K.)
• HUESKER (Gescher, Germany)
• Officine Maccaferri Spa (Bologna, Italy)
• Terram (Maldon, U.K.)
• Ocean Global (New Delhi, India)
• SKAPS Industries (Georgia, the U.S.)

Segments

By product, the market is segmented into geotextile - geogrid composites, geomembrane - geogrid composites, geotextile – geomembrane composites, geotextile - geonet composites, and others. As per function, it is categorized into reinforcement, drainage, separation, and others. Based on application, it is classified into soil reinforcement, landfill & mining, road & highway, water & wastewater management, and others. Regionally, it is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.