Geosynthetics Demand to Exceed $2.1 Billion by 2012

The Freedonia Institute’s latest geosynthetics market report (“Geosynthetics to 2012”) indicates that demand for these materials will advance 2.5 percent annually to over 900 million square yards in 2012. This projects a value in excess of $2 billion. Freedonia expects that gains will be promoted by rebounding road and highway construction spending. 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 can be 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.