US Geosynthetics Market
NEW YORK, April 2, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
US demand to rise 8.4% annually through 2017
Demand for geosynthetics is forecast to climb 6.5 percent per year to 1.3 billion square yards in 2017. Improved macroeconomics, particularly accelerated spending on the construction of structures and roads, will promote growth. Gains in geosynthetics demand will also benefit from increased market penetration, as engineers continue to become more aware of the long-term cost and performance advantages of these products at the expense of traditional geotechnical solutions (e.g., compacted soil and stone aggregate layers). In value terms, demand for geosynthetics is forecast to grow 6.5 percent per year to $2.9 billion in 2017, benefiting from price increases and renewed growth for some higher value, specialty geosynthetics.Geotextiles to remain dominant product type Geotextiles will remain the largest product segment, projected to account for 70 percent of total area demand in 2017. Geotextiles' position is dependent on its versatility, which allows these products to be used in a wide range of markets and applications. Favorable gains in geotextiles demand will benefit from their dominant position in the transportation infrastructure and construction markets. Further promoting gains is the fact that engineers continue to realize the benefit of using these materials in road and other construction activities. Nonwoven geotextiles, for example, are finding expanded use in concrete road rehabilitation applications as an alternative to hot-mix asphalt in unbounded concrete overlays. However, in 2017, higher price geomembranes are projected to represent 46 percent of total geosynthetics demand in value terms. More application specific products -- e.g., geogrids, geosynthetic clay liners, geonets, and geofoams -- are expected to post the fastest gains in area demand through 2017.
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