The Geogrid Market is estimated to account for USD 708.7 Million in 2017 and is projected to reach USD 1099.2 Million by 2022, at a CAGR of 9.2% from 2017 to 2022.

Browse 162 Market Data Tables and 20 Figures spread through 148 Pages and in-depth TOC on "Geogrid Market by Type (Uniaxial, Biaxial, and Triaxial), Application (Road construction, Railroad stabilization, and Soil Reinforcement), Manufacturing Method, and Region - Global Forecast to 2022".

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.

Biaxial geogrid segment is the fastest-growing type segment of the geogrid market
Based on type, the biaxial geogrid segment of the geogrid market is projected to grow at the highest CAGR during the forecast period. These geogrids have garnered industry-wide acceptance for their performance and general characteristics. They are generally used to stabilize and reinforce soils in the construction of roads, parking lots, and building foundations. Biaxial geogrids are highly suitable for conditions such as weak subgrades, contaminated soils, heavy loads, high granular costs, and shallow buried utilities.

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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.

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