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Geotextile Market is expected to grow to USD 11.86 Billion by 2026, at a CAGR of 11.4%

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Geotextiles are used to improve soils that build streets, pipelines, embankments, and earth holding structures. They consist of numerous materials, including warp-knitted textiles, open – mesh textiles, and non – woven textiles. Filtration, separation, reinforcement, protection and drainage are the primary functions of the product. Geotextiles have filtration properties that allow water and other fluids to be separated from various solid particles. This filtration function is used mainly in drainage applications.

Geotextile properties includes, flexibility and permeability which are expected to drive the growth of the market during the forecast period. It is also expected that durability and cost effectiveness of geotextile will boost the market further during the forecast period.

Growing bio-based geotextile consumption and rising investments in nonwoven geotextiles are the key opportunities of the market. The factors that inhibit geotextile market growth include volatile raw material prices that affect synthetic geotextile demand.

The global geotextile market is currently witnessing rapid growth due to strict government regulations on geotextile commercial use. In addition, the global demand for geotextiles is increasing due to various functional advantages over other materials, which in turn drives the overall market.

Salient Trends of Geotextile Market

  • The Geotextile Market is forecasted to grow from USD 4.64 billion in 2018 to USD 11.86 billion by 2026, at a CAGR of 11.4%, during the forecast period. Increasing population; increasing industrialization and rapid urbanization have compounded growth in emerging markets, leading to a sharp increase in geotextile adoption.
  • Typically, geotextiles are used to improve soils that build streets, pipelines, embankments, and earth holding structures. They consist of numerous materials, including warp-knitted textiles, open – mesh textiles, and non – woven textiles. Filtration, separation, reinforcement, protection and drainage are the primary functions of the product. Geotextiles have filtration properties that allow water and other fluids to be separated from various solid particles. This filtration function is used mainly in drainage applications.
  • Geotextile’s properties like flexibility and permeability are expected to drive the growth of the market during the forecast period. It is also expected that durability and cost effectiveness of geotextiles will boost the market further during the forecast period.
  • Growing bio-based geotextile consumption and rising investments in nonwoven geotextile are the key opportunities of the market. The factors that inhibit geotextile market growth include volatile raw material prices that affect synthetic geotextile demand.
  • The global geotextile market is currently witnessing rapid growth due to strict government regulations on geotextile commercial use. In addition, the global demand for geotextiles is increasing due to various functional advantages over other materials, which in turn drives the overall market.

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Companies considered and profiled in this market study

The major players in the market are Low & Bonar (UK), Officine Maccaferri (Italy), Koninklijke TenCate (Netherlands), Thrace Group (Greece), Huesker (Germany), Berry Global (US), Fibertex Nonwovens (Denmark), DuPont (US), Strata Systems (US), Carthage Mills (US) and others.

Market-O-Nomics

  • The Geotextile Market is forecasted to grow from USD 4.64 billion in 2018 to USD 11.86 billion by 2026, at a CAGR of 11.4%, during the forecast period. Increasing population; increasing industrialization and rapid urbanization have compounded growth in emerging markets, leading to a sharp increase in geotextile adoption.
  • The market for non-woven segment is expected to grow the fastest at a CAGR of 12.2% during the forecast period. Low cost and factors such as absorption, mechanical strength and liquid repellence make nonwoven products in industrial applications widely preferred. Woven products were the second largest consumed product, with an estimated CAGR of 10.5% during the forecast period.
  • The market for synthetic segment is expected to grow the largest at a CAGR of 12.3% during the forecast period. Increasing product development based on synthetic polymer has resulted in positive outlook in the construction industry. It is primarily used for road, rail, highway, tunnel, bridge, and airport construction. Increasing construction spending in China, India, and Indonesia, along with support from the government for infrastructure development, should drive growth in the market.
  • The market for road construction is expected to grow the largest and reach USD 4.39 Billion in 2026, at a CAGR of 12.4% during the forecast period. Factors likely to drive demand for this application are laying the foundation of the road and increasing the length of road life by strengthening weak soil. Application for drainage is likely to witness above-average growth rates with an estimated CAGR of 10.1% during the forecast period.
  • The market for Asia Pacific (APAC) is expected to grow the largest at a CAGR of 12.4%. Increase in spending on infrastructure construction such as dumps, highways and dams in China and India are likely to drive regional demand. The market for North America is expected to reach USD 3.08 Billion in 2026, at a CAGR of 12.0% during the forecast period.

Segments covered in the report:

This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of material, product and application regional analysis.

Material (Kilo Tons) (Revenue, USD Million; 2016-2026)

  • Synthetic
  • Natural

Product (Kilo Tons) (Revenue, USD Million; 2016-2026)

  • Woven
  • Non-woven
  • Knitted

Application (Kilo Tons) (Revenue, USD Million; 2016-2026)

  • Erosion
  • Drainage Control
  • Road Construction
  • Others