Global Geotextiles Market To Attain CAGR Of 9.6% Between 2019-2025
Posted On February 05, 2019
As per Value Market Research, the Global Geotextiles Market was valued USD 7.83 BN (by revenue) in 2018 and is anticipated to reach USD 14.87 BN by 2025. The report anticipates the market to grow at a CAGR of 9.6% between 2019- 2025.The report gives a detailed profile of the some of the prominent players such as Pt Tetrasa Geosinindo, Geotextiles & Gabions Ltd., Gundle/ Slt Environmental, KK Envirotech Pvt. Ltd, L&M Supply Company, Low & Bonar Plc, Mattex Geosynthetics, Novintiss, Royal Tencate NV, Technical Absorbents Ltd, Terageos, Naue Gmbh & Co. Kg, Propex Operating Company, Llc and Officine Maccaferri S.P.A. among others.
In recent years Geotextiles have gained popularity in the market owing to excellent performance and functional advantages over other materials. Ongoing urbanization, rising population base coupled with the increasing government funding for infrastructure development across various regions is expected to have a positive impact on the market over the study period. Rising usage of geotextile in soil reinforcement activity along with the rising application across road & railway development is likely to fuel market growth. Also, the growing application of geotextile across road construction and drainage is again boosting the demand for geotextile product. Increasing infrastructure spending which involves the construction of dumps, highways and dams across the developing region are again likely to drive the demand for this market uphill.
The report "Global Geotextiles Market Report By Materials (Polypropylene, Polyester, Polyethylene, Others), Products (Non-woven, Woven, Knitted), Application (Road Construction, Erosion Control, Drainage, Pavement Repair, Waste Containment, Railroad Stabilization, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" provides an exhaustive analysis of the current and emerging market trends along with the hidden opportunities in the global geotextile market.
Geotextile is used for separation, filtration, reinforcement, and protection in preventing soil erosion and drainage application. They are also used across agricultural and civil engineering projects for road construction and other construction such as highway, damns, bridges, etc. Some of the application areas of geotextiles are road construction, soil erosion prevention, drainage, pavement repair, waste containment, wind mitigation, and railroad stabilization.
The market segmentation has been done on the basis of materials, products, application, and region. By material, the market has been classified as polypropylene, polyester, polyethylene, others. Polypropylene is gaining traction in the market owing to the easy availability of the product. And also most of the geotextile product used for road construction is made up of polypropylene owing to their longer lifespan. By-product the market has been categorized into Non-woven, Woven, and Knitted. Among which, non-woven is dominating the market owing to their excellent properties such as better absorbency, liquid repellency, and high mechanical strength. By Application, the market has been split into road construction, erosion control, drainage, pavement repair, waste containment, railroad stabilization, others. Out of which, road construction is the largest application area since they are increasingly used in the road construction industry owing to their numerous benefits offered as they help in strengthening soil by holding it together, and offer a longer lifespan of roads. Geographical segmentation has been done across North America, Europe, Asia-pacific, Latin America, and the Middle East and Africa. Currently, Asia-Pacific is dominating the global geotextile market owing to the rising government funding for infrastructure development mainly across developing countries like China and India.
The Report Segments Global Geotextiles Market -
- Road Construction
- Erosion Control
- Pavement Repair
- Waste Containment
- Railroad Stabilization
- North America
- Latin America
- Middle East and Africa
Players Profiled In The Report:
Pt Tetrasa Geosinindo, Geotextiles & Gabions Ltd., Gundle/ Slt Environmental, KK Envirotech Pvt. Ltd, L&M Supply Company, Low & Bonar Plc, Mattex Geosynthetics, Novintiss, Royal Tencate NV, Technical Absorbents Ltd, Terageos, Naue Gmbh & Co. Kg, Propex Operating Company, Llc and Officine Maccaferri S.P.A.
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