Geogrid Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Uniaxial, Biaxial, Multiaxial), By Application (Road Construction, Soil Reinforcement, Railroad, Others), By Material (HDPE, Polypropylene, Polyester), Region

The geogrid market size was valued at US$ 723.6 million in 2023 and is projected to reach a value of US$ 1,297.5 million by 2030, at a CAGR of 8.7% from 2024-2030. Moreover, the U.S. geogrid market is projected to grow significantly, reaching an estimated value of US$ 446.1 million by 2032.

Geogrid is one of the geosynthetic materials to be applied in improving soils and similar materials through reinforcement. It is predominantly used for the reinforcement of retaining walls and subbases or subsoils. Increased development activities related to infrastructure in countries such as the U.S., China, India, Japan, and others fuel the global market of geogrid. Also, superior properties associated with geogrid are lightweight, easy handling, high-temperature stability, and long life of construction, which fuels the growth of the market across the globe. Also, the reduction in maintenance cycles and costs contributes to the growth of the market of geogrid. However, the lack of a skilled workforce is the key factor that is expected to restrain the growth of the market during the forecast period. An increase in awareness and a rush in the number of R&D activities are the factors expected to create opportunities for the key players to maintain their position in the global market.

Key Players in Geogrid Industry

Tensar International Corporation is an innovative offering in the soil stabilization sphere, Maccaferri provides geosynthetic material for infrastructure construction, Strata Systems, Inc. specializes in earth retention and reinforcement, ACE Geosynthetics leads in Asia, and GEOFabrics offers geogrid to customers in any type of construction or environmental application, with Huesker providing geosynthetics for road construction and slope stabilization and Solmax focusing on environmental protection and civil engineering geosynthetics.

The key participants in the global geogrid market are Tensar International Corporation and Maccaferri. Tensar specializes in high-performance geogrid solutions for soil stabilization and performance optimization of infrastructures for various applications in civil engineering. Maccaferri specializes in a wide portfolio of geosynthetic products, including geogrids for erosion protection and ground reinforcement, with a focus on sustainable models based on the use of materials recycled in the production process. Both companies hold a great responsibility for further development in technology and practices in the geogrid sector, catering for the increasing demand within a more effective and environment-friendly approach.

Key Takeaways

• The growth region of the geogrid market is the Asia-Pacific.
• North America currently stands as the leading market.
• Based on product, the biaxial segment holds a 33.2% market share.
• Based on the application, theroad construction segment holds a 48.4% market share.
• Based on material, thepolyester segment holds a 42.6% market share.

Facts & Figures

• In 2023, the global geogrid production capacity reached approximately 3 million metric tons annually.
• As of July 2023, nearly 60% of civil engineering projects in North America incorporated geogrids for soil stabilization.
• In April 2023, it was reported that the use of geogrids in road construction could reduce material costs by up to 30%.

Key Developments

• In August 2023, Tensar launched an advanced geogrid product designed for enhanced soil stabilization and erosion control in civil engineering applications.
• In September 2023, Maccaferri introduced a new range of sustainable geogrids made from recycled materials, aimed at reducing environmental effects.
• In June 2023, ACE Geosynthetics unveiled a new geogrid technology that improves load distribution and strength in challenging soil conditions.

Geogrid Market Segmentation

By Product: Depending upon the product, the market of geogrids is classified into uniaxial, biaxial, and multiaxial. Uniaxial is made by punching and drawing a homogenous polymer sheet that makes an even product. In grade separation applications, they let the soil stand virtually at any desired angle from 0 to 90 degrees. Biaxial offers an easy & cost-effective solution for road paving, soil reinforcement, and road improvement in traffic-congested regions.

By Application: This market by application is segmented into road construction, railroad, soil reinforcement, and others. The road construction segment is the leading one as products are widely used for the construction of port areas, airports, and heavy load-bearing roads. Also, they improve road safety, reduce maintenance costs, and improve surface quality & load-bearing capacity.

By Material: Based on material, the market is categorized into HDPE, polypropylene, and polyester. The polyester segment dominated the market in 2023 as it is a geosynthetic material made from high-modulus polyester yarns. It is lightweight, saves costs, and increases life span and elasticity. It has excellent heat resistance to long-term degradation and has good rutting resistance performance under high temperatures.