The geosynthetics industry is on track for continued growth through 2020, according to a new report released by market research firm, Persistence Market Research.
The firm predicts that demands from government infrastructure upgrades, transportation and some green projects, such as wind energy have driven the industry so far. We should see further growth in waste containment and management to further accelerate the need for geogrids, geotextiles, geomembrane, geofoams, geonets, geopipes and geosynthetic clay liners.
Some of the biggest projects that will use such materials have been in the Asian-Pacific region, as it continues to widen its footprint on the global economy. Industry insiders should also keep an eye on projects from Russia and Brazil.
ILT is one of the nation’s leading geosynthetics and geomembrane contractors, and we offer pond, pit, pad and canal lining services.
To request the full report, please visit Persistence’s website: http://www.persistencemarketresearch.com/toc/4119.