Investments in the Upgradation of the Existing Infrastructure To Boost the Revenue for Top Geocomposites Companies

Recent trends in the geocomposites industry are being impelled by the launch of advanced projects focused on environmental conservation.

In November 2022, Portuguese technological center Fibrenamics launched an innovative project in collaboration with CIMPA, Acorgeo, and the Gaspar Frutuoso Foundation of the University of the Azores. Focused on protecting the Azores’ biodiversity, the project was aimed at developing a solution that would help regenerate and stabilize the slopes of low/medium inclination. For the same, the “Slope Stabilization and Revegetation” project launched a new technology comprising a geocomposite made of mineral matrix in combination with cryptomeria and natural biopolymer fibers. The launch of such initiatives is set to drive the product deployment across numerous applications in the coming years.

According to Fortune Business Insights, the global market size for geocomposites was USD 423.0 million in 2022. The market is anticipated to surge from USD 447.1 million in 2023 to USD 681.4 million by 2030, exhibiting a CAGR of 6.2% over the study period. The market growth can be attributed to the upsurge in construction activities across various regions.

The North America market held 36.5% of the global market share in 2022. The regional market is anticipated to continue its dominance over the analysis period. The leading market share can be credited to the growing investments in the public and private sectors in the region.

Key players in the market are focused on the supply and distribution of various geocomposites to small and medium-sized enterprises for use in various applications. These steps are being deployed for securing a competitive edge in the market.

Mentioned below are the top 10 Geocomposites companies in the industry:

1. CLIMAX SYNTHETICS PVT. LTD.

CLIMAX SYNTHETICS PVT. LTD. offers geosynthetic and polymer products that cater to an extensive range of applications. These comprise aquaculture, agriculture, waste management, and infrastructure. The geosynthetic offerings of the company include geonets, geotextiles, geogrid, geocomposites, and geomembrane. The company’s service portfolio caters municipal solid waste landfills, rainwater harvesting systems, and industrial hazardous waste disposal systems.

2. TenCate Geosynthetics Americas

TenCate Geosynthetics is a leading player in the production of industrial textiles, geocomposites, and geosynthetics. The company’s geocomposites portfolio constitutes products with a combination of a geonet and geotextile; geomembrane and geogrid; geogrid and geotextile; a geogrid, geotextile, and geomembrane; or the integration of any one of these materials with another material. The major areas of application targeted by the company include local government infrastructure, transportation, and building sites.

3. GSE Environmental

GSE Environmental offers geosynthetic products for a range of applications including water management, waste management, infrastructure, oil & gas, agriculture, and coal ash, among others. The company provides customer-fit solutions for the improvement of existing products, solving complex issues, and the development of new products. The company offers pioneer textured sheet, white, green, and conductive geomembrane.

4. Thrace Group

Thrace Group is a major manufacturer of packaging and technical fabrics solutions. Member companies of the group operate in Australia, Asia, Europe, and the Americas. Technical fabrics provided by the company include geogrids, woven and non-woven geotextiles, drainage geonets, geosynthetic clay liners, silt fences, geo bags, micro rolls, and erosion corrosion mats. The company has a workforce that serves customers across 80 countries across the globe.

5. ABG Ltd.

ABG Ltd is a key player in the manufacturing, design, and support of high-performance systems. The range of products offered by the company includes geocells, drainage geocomposites, geogrids, geotextiles, and others. ABG is a major supplier and manufacturer of geosynthetics in the U.K. The company offers services that cater to the environmental, civil engineering, and building markets.

6. HUESKER

Huesker is a key supplier of geotextiles and geosynthetics to the construction sector. The company operates in numerous areas comprising roads & pavements, earthwork & foundations, environmental engineering, mining, hydraulic engineering, and industry & agriculture. The manufacturing sites of the company are situated in Brazil, Russia, Germany, and the U.S. The subsidiaries of HUESKER are situated in France, Spain, Italy, Brazil, the U.K., the U.S., Australia, Singapore, and Russia.

7. Officine Maccaferri Spa

Officine Maccaferri is known for providing engineered solutions in the areas of coastal protection, soil stabilization, natural hazard mitigation, reinforced soil structures, environmental protection, and river coastal. The product portfolio of the company constitutes of ground stabilization, hydraulic works, erosion protection, tunneling solutions, and rockfall protection systems. The company’s focus on research offers advanced solutions and design to the construction and geotechnical sectors.

8. Terram

Terram Geosynthetics Pvt. Ltd. provides thermally bonded nonwoven geotextiles for filtration, separation, drainage composite for liquid slopes, gas drainage and geocells, and others. The company provides geocomposite solutions including the NEW Bodgrid Geocomposite and TERRAM Drainage Geocomposites for the construction sector. The high-bond geotextile solutions of the company cater the landfill and coastal waste management applications.

9. Ocean Global

Ocean Global is geosynthetics’ manufacturer and supplier in India. The product portfolio of the company constitutes geomembranes, geogrid, geotextile, geonets, and geocomposites. The company’s products cater to numerous industries such as ports & aviation, industries & building, landscaping & sports, ground engineering, power & mining, road & highway, flood protection, and railway. Some of the solutions offered by the company include geotextile-geogrid composites, geotextile-geogrid composites, geotextile/polymer-core composites, and geotextile-geogrid composites.

10. SKAPS Industries

SKAPS Industries is one of the top geocomposites companies in the market as it is a major producer and supplier of various extrusion-based solutions. It caters to numerous end-use sectors such as mining & landfills, automotive & transportation, construction, and agriculture. The company’s products are deployed in numerous applications such as geogrids, structural core materials, and fiberglass fabric.

A Way Forward

In the years to come, developed countries are set to invest in the upgradation of their existing infrastructure. This would include the modernization of transportation infrastructure and the growing construction of residential and commercial buildings. These factors are touted to favor the demand for geocomposites across various regions over the forthcoming years.