Geotextiles Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material Type (Polyester, Polyethylene, Polypropylene, and Others), By Product Type (Nonwoven Geotextile, Woven Geotextile, and Knitted Geotextile), By Application (Road Construction & Pavement Repair, Erosion, Drainage, Agriculture, Others), By Region
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGeotextiles Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material Type (Polyester, Polyethylene, Polypropylene, and Others), By Product Type (Nonwoven Geotextile, Woven Geotextile, and Knitted Geotextile), By Application (Road Construction & Pavement Repair, Erosion, Drainage, Agriculture, Others), By Region
The global geotextile market is projected to grow at brisk rate during the forecast period, 2027. Geotextiles are fabrics used in geo-technical applications before road and pipeline construction, building embankments and earth retaining structures. During construction, it is used in the separation of soil layering, reinforcement, cushioning, waterproofing, separation, drainage, and filtration. The increasing construction activities around the developing and developed economies are boosting the growth of the geotextile market. The demand for high-performance and effective textile for road construction, controlling soil erosion, and agriculture helps the geotextile market to grow. Geotextiles are extensively used to enhance soil properties while pipelines, tunnels, and road construction retain earth structure and embankment building. The growing construction and infrastructure project and problems of soil erosion due to climate change directly impact the growth of the Geotextile market share.
Rise in Infrastructure project
From national highway to groove roads, mining works to drainage work, geotextile has proven its efficiency in cost optimization, repair & restoration of projects, increasing cladding lifecycle, and equilibrating ground levelling issues. They are extensively used in road construction industries such as railway tracks, road tracks, and highways to make soil congeal and protect it from erosion. The extraordinary chemical resistance properties of geotextile have created its demand in water management system projects. State, local, union, and federal governments are investing more in infrastructure projects in the upcoming year to boost their economy.
As per data, 4.2% of US economy is contributed by construction industries which more than 1 trillion USD in market size. Thus, it is expected that there has increasing growth in market size of geotextile products through 2027.
Different types of initiatives and steps around the world are running for the development of their national infrastructure. National Corridor Infrastructure Improvement Program, BRI (Belt and Road Initiatives), and PMGSY (Pradhan Mantri Gram Sadak Yojana) are examples of government initiatives. These initiatives and steps help them to create better connectivity between their two places and help in boosting the demand for geotextiles. Due to climate change, the Government is using geotextiles to secure marine and coastal structures and stop high waves.
In mining works, the demand for geotextile products is growing every year. As the demand is growing, mining companies are closely focused on the technical and economic advantages of the product. Mining industries require a high cost to run on a daily basis, difficult to extract desired raw materials and dangerous workplace. Geotextile helps them in making a more efficient barrier, space-saving, stronger access roads and safety-enhancing retaining structure. The above-mentioned factor will drive the growth of the geotextile market and is expected to experience impressive market growth in the projected year.
Limited knowledge and Uncertain price
In developing countries, geotextiles have propelled the market due to an increase in infrastructure projects. Many civil engineers don’t have proper knowledge of how to use geotextile products. Synthetic geotextiles are made up of petroleum products, and organic geotextiles need fuel for irrigation. This scenario makes the geotextile market more dependent on petroleum, and sudden changes in price due to any issue make it a more price variable industry..
Acquisition and R&D projects
Bio-degradable and organic geotextiles are made from waste and agriculture-based products. They are resource efficient, help in decreasing greenhouse gas emissions and are light in weight which makes this product application and transportation cost-effective. As it is a developing market, different companies are investing in innovation & research, and development to find new uses for the product and develop new markets.
In July 2022, BASF and 3T Industries Sdn Bhd collaborated to produce high density poly ethene sheets (HDPE). Through this product they are targeting pineapple farmer to protect their land and plant from excess heat and water.
In May 2020, Freudenberg, a German-based global technology group acquired Low & Bonar. This acquisition helped organization to offer more innovate and customize product as per their specialty.
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Market Segmentation
The global geotextiles market is segmented
Market Players
BASF SE, Covestro AG, Solvay SA, Koninklijke Ten Cate B.V., GSE Holdings Inc., NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Low and Bonar PLC, Fibertex Nonwovens A/S, Propex Operating Company, LLCare the key players operating in the global Geotextile Market are the major market player in geotextile market.
|
Attribute |
Details |
|
Base
Year |
2021 |
|
Historic
Data |
2017 – 2020 |
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Estimated
Year |
2022 |
|
Forecast
Period |
2023 – 2027 |
|
Quantitative
Units |
Revenue
in USD Million, and CAGR for 2017-2021 and 2022-2027 |
|
Report
coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
covered |
·
Material Type ·
Application Type |
|
Regional
scope |
North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa |
|
Country
scope |
United
States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany;
France; United Kingdom; Spain; Italy; Russia; Brazil; Argentina; Colombia;
South Africa; UAE; Saudi Arabia. |
|
Key
companies profiled |
BASF SE, Covestro AG, Solvay SA, Koninklijke Ten Cate B.V., GSE
Holdings, Inc., NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Low and
Bonar PLC, Fibertex Nonwovens A/S, Propex Operating Company, LLCare |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request) |
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