Infrastructure and Environmental Policies Drive Dual Growth,
Shifting Focus from "Volume Increase" to "Quality Upgrade"
Strong market demand, with the transportation sector accounting for
over 40%
As a crucial geosynthetic material, geogrids enhance the mechanical
properties of soil and are widely used in highways, railways, water
conservancy, and other engineering fields. Currently, road construction is the
primary source of demand for geogrids, accounting for over 40% of the total demand.
The continuous advancement of new expressway projects and the
expansion/renovation of existing ones are expected to drive the market size of
geogrids in the road sector to exceed RMB 40 billion by 2030. Meanwhile, with
the promotion of sponge city initiatives, the demand for geogrids in municipal
engineering is growing rapidly.
Product structure optimization, high-performance materials become
mainstream
In terms of product types, plastic geogrids (including polypropylene
and polyethylene materials) dominate, holding a market share of over 60%. Among
these, high-strength polyester and fiberglass geogrids are seeing a continuous
increase in their market share due to their excellent corrosion resistance and
tensile properties. The industry's product structure is optimizing towards
high-performance and environmental sustainability. Breakthroughs have been made
in the development of eco-friendly geogrids. Biodegradable geogrids and those
made from recycled materials are gradually gaining market favor, with their
penetration rate in the EU market projected to reach 28.4% by 2025.
Accelerated technological innovation, intelligence and green
development become key themes
Technological innovation has become a key force driving the industry's development. The geogrid industry is transitioning from traditional materials towards high-performance composite materials. High-strength, weather-resistant types and recyclable modified materials have become R&D priorities. Significant progress has also been made in green production processes. The average annual growth rate of R&D investment in environmentally friendly, biodegradable geotextiles has reached 22%, and an incremental market of RMB 23 billion in the ecological restoration sector is anticipated by 2025.