Geotextile Market By Product (Non-woven, Woven), By Material (Polypropylene, Polyester, Polyethylene), By Application (Road construction, Erosion prevention, Drainage) & Region - Forecast to 2019 to 2029
Geotextile Market to Record 3X Growth
Enhanced filtration, reinforcement, and drainage offered by geotextile products is giving the geotextile market immense traction.
Construction end-uses such as roads, landfills, harbours, reservoirs, canals, and dams are set to benefit from the growth of geotextile market.
The global geotextile market will grow at a stupendous 11% CAGR during the forecast period (2019-2029).
Growing environmental concerns about soil degradation are propelling the demand for geotextiles. Further, adoption of geotextiles is aided by the eco-friendly nature of advanced raw materials.
Cohesive regulatory policies by governments propagating the benefits of geotextiles will provide continued strength to market growth through 2029.
Advancements in material science that lead to energy efficient production of polyethylene, polypropylene, polyether, and bio-based raw material will strengthen manufacturers’ foothold in the market.
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Road Construction to Account for 47% of Market Revenue
Road construction applications of geotextiles accounted for a majority share of over 47% of the total market value.
Developing countries around the globe are heavily investing in infrastructure development to support economic growth. Enhanced reinforcement of paved and unpaved roads using geotextile products will drive the demand from this application segment.
Surging construction of modern drainage to support infrastructure, positions this application segment with the highest growth prospects during the projection period.
Drainage application segment will register a stellar 14% CAGR between 2019 and 2029.
Separation and filtration strength of geotextile products makes it an ideal base to monitor, control, and promote effective drainage systems.
Europe Leads Global Sales; MEA - Key Growth Region
European countries such as Germany, and the UK are implementing stringent soil erosion standards. Statutory bodies are issuing directive guides for selection and implementation of geotextiles.
On the backdrop of such favorable conditions, Europe holds a majority share of over 1/4th of the total market value with a double digit growth rate.
Middle East & Africa present the most prolific growth opportunities with over 13% CAGR during the forecast period.
Increasing investments in infrastructure development in Middle East and African countries are driving the demand for cost-efficient stabilization offered by geotextiles.
In a bid to increase road connectivity, developing economies in Asia Pacific will also offer lucrative growth opportunities.
Easy availability of raw material and advancements in manufacturing technology will heighten adoption of this cost-efficient stabilizer and reinforcer in countries such as India, China, Indonesia, and Thailand.
An Adaptive Approach to Modern-day Research Needs
Resourcefulness and Efficiency Shape Competition Landscape
Product features of geotextiles such as cost-effective repair and reconstruction, and enhanced pavement life will attract remunerative opportunities.
Major players in the market are prioritizing expansion of production capacity and global footprint. Strategic partnerships with local companies in developing economies is a popular strategy.
However, growth prospects will continue to stem from product innovation such as bio-based geotextiles, maze-based PLA geotextiles that employ sheep wool, straw, and coconut erosion mats.
Enhanced resource efficiency coupled with reduction in greenhouse gas emissions are some of the features manufacturers are looking to incorporate into their product portfolio.
Market players that influence the market are, but not limited to
- Koninklijke Ten Cate B.V.
- GSE Holdings Inc.
- NAUE GmbH & Co. KG
- Du Pont
- Officine Maccaferri S.p.A.
- Low and Bonar PLC
- Propex Operating Company
- Fibertex Nonwovens A/S
- TENAX Group
- AGRU America
- Global Synthetics
- HUESKER Group
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Global Geotextile Market: In-Depth Assessment on Key Segments
The global geotextile market is segmented on the basis of product, material, application and region.
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for geotextile has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous geotextile manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries.
The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global geotextile market.
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