A new study from The Freedonia Group Inc., shows that demand for geosynthetics is projected to advance 2.5 percent annually to over 900 million square yards in 2012, valued at $2.1 billion. Gains will be promoted by rebounding road and highway construction spending. The study also says that in the near term, demand is also expected to be promoted by components of the Obama Administration’s economic stimulus program that involve public works.
Geosynthetics are used to stabilize foundations, promote drainage and prevent erosion, generally at a lower cost than alternative products. Demand for high-performance geosynthetics, such as geomembranes, geogrids and preformed geocomposites, will outpace demand for less costly geosynthetics the study says. These and other trends, including market share and product segmentation, are presented in US Geosynthetics, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.