Europe geogrids market is poised to be driven by reinforcement applications in road and railroad construction and soil enforcement. Geogrids market exhibit high tensile & tension-bearing ability and promote design flexibility as well as reduced maintenance costs. These products offer separation, drainage, filtration and protection which increase the suitability across soil reinforcement applications.
Geogrid reinforcement in construction offer major advantages in terms of ecological and economic aspects against classical concrete structures. Geosynthetic-reinforced constructions exhibit a much higher bearing capacity and the deformations in the structure over time are much lower than expected. Rising public sector investments, growth of residential and public construction may support Europe geogrids business growth.
Growing focus on development civil & transport infrastructure, especially high speed train infrastructure in the region will boost product demand. Reports suggest that Europe geogrids market size will exceed USD 460 million in terms of annual remunerations by 2024.
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Demand for soil reinforcement across Spain
Geogrids market are experiencing high demand for retaining walls, bridge abutments, embankment mattresses and steepened slopes holding applications across Spain. The product increase soil stability at varying angles making them ideal for slope reinforcement.
Increase in foreign investments, rising economic recovery, housing demand and employment growth are the major factors contributing to revival in the infrastructure development across Spain. From soil reinforcement applications, Spain geogrids market may witness gains at 4% CAGR up to 2024.
Consistent demand in railroad applications
Since 2000, the European government has provided over 27 billion dollars of co-funding to support high-speed rail infrastructure investments. Europe had 9,067 kilometers of high-speed lines by the end of 2017 and the network is expanding.
Rise in railroad bed reinforcement demand due to shifting focus towards damage reduction along with ongoing construction of upcoming railway projects across Europe may foster geogrids market size. From railroad applications, U.K. geogrids market will garner revenues at more than 5% CAGR through 2024.
Growing use of HDPE-based geogrids
High density polyethylene is a versatile thermoplastic polymer sourced from petroleum and is widely utilized as a key ingredient in geogrid due to its high chemical & creep resistance, orientation and low cost.
This material is majorly used for manufacturing uniaxial geogrids which are ideal for wall and slope soil reinforcement applications as its tensile strength is more in longitudinal direction. High density polyethylene based geogrids industry share is set to grow at 3.5% CAGR over the next few years.
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Popularity of polyester-based geogrids
Polyester filament is a synthetic polymer that consists of repeating ester units and is commonly utilized as a core ingredient in the manufacturing of geogrids. Polyester based geogrids offer various advantages such as high elasticity, light weight, longer product life and cost reduction. Europe polyester based geogrids market size will cross the USD 230 million mark by 2024.
Geosynthetics are widely used for protection, separation, drainage, sealing and filtration applications. The high-strength geogrids have been used more successfully in recent times for the construction of steep slopes and soil embankments. Geogrids in the future will be equipped with various additional functions that will enable an enduring and non-destructive monitoring of structures built with the help of geosynthetics.
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