12:55 PM Geogrid Market likely to witness an impressive CAGR of 11.2%, as estimated by Stratview Research |
| Stratview Research in its recent report has offered an overlook of the current Geogrid Market scenarios and has also estimated the market size to reach grow at CAGR of 11.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis. Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead. Click here for a Free Sample of the report (additional insights inside): https://www.stratviewresearch.com/Request-Sample/767/geogrid-market.html Geogrid is mainly a geosynthetic material that is used in the reinforcement of soil and other similar elements. These are known to have higher strength in comparison to soil. Geogrid is of different types such as uniaxial geogrids, biaxial geogrids, and triaxial geogrids. Road construction, railroad stabilization, soil reinforcement, and others are some of the application areas of geogrids. This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. Click here for description of the report: https://www.stratviewresearch.com/767/geogrid-market.html Based on the type, the market is segmented as uniaxial geogrids, biaxial geogrids, and triaxial geogrids. The biaxial geogrid segment captured the largest share of the market in 2018, and is estimated to maintain its dominance during the forecast period. This growth is owing to the exceptional junction strength and optimum load bearing properties of the biaxial geogrid. Higher demand for geogrids for road construction is mostly bolstering the market for biaxial geogrids globally, as they are employed in the construction of highways, flyovers, and bridges. Based on the application type, the market is segmented as road construction, railroad stabilization, soil reinforcement, and others. Road construction is estimated to be the largest application type segment of the geogrid market. Geogrids offer an improved road surface quality and safety of roads, eliminated need of over-excavation and disposal of poor-quality soil, high performance of earth moving vehicles, low maintenance requirements, and resistance against inclement weather conditions such as heavy rains to the structure or area. Further, their use is environmentally safe, as it aids in reducing carbon emissions. In terms of regions, North America is estimated to become the largest market for geogrids during the forecast period with the countries such as the U.S. expected to modernize and expand its prevalent infrastructural facilities in the coming five years. On the other hand, the market in Asia-Pacific is estimated to register the highest growth during the forecast period, in terms of value and volume. Europe is also expected to offer substantial growth opportunities during the forecast period. Check out the Table of Contents here: https://www.stratviewresearch.com/toc/767/geogrid-market.html Highlights of the Report: Geogrid Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The growing use of geogrids in the emerging economies and the increased cost savings achieved in road construction and maintenance activities with their use are the major factors anticipated to drive the global geogrid market during the forecast period. Some of the major players in the geogrid market are ACE Geosynthetics, Asahi-Kasei Geotech, BOSTD Geosynthetics Qingdao Ltd., Carthage Mills, CTM Geosynthetics, GSE Environmental, Inc., HUESKER inc., NAUE GmbH & Co. KG, Officine Maccaferri SpA, and Propex Operating Company. Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. The Geogrid Market analysis report discusses the following heads in great detail:
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