Geotextiles Market Trends, Growing Demands, Production, Consumption, Revenue, Company Analysis and Forecast 2020-2027

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The global Geotextiles market size is expected to be worth around US$ 11.2 billion by 2027. Increasing adoption of geotextiles in road construction and infrastructure development activities is expected to drive the market growth over the forecast period.

The global Geotextiles market size was valued at US$ 4.5 billion in 2019 and is anticipated to grow at a CAGR of 11.8% during forecast period 2020 to 2027.

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Innovations by manufacturers are backed by government and regulatory bodies to improve product properties, which, in turn, would contribute to the market growth. Governments across various countries are actively participating in geotextile production as it creates ample employment opportunities and helps in the improvement of adverse environmental conditions. Geotextiles are used in soil to improve stability and to protect land surface to promote vegetation growth. The product also plays a significant role in soil erosion control and helps mitigate soil erosion. On-going research related to the use of geotextiles for soil erosion prevention in unpredictable climatic conditions is expected to aid in promoting their application in erosion prevention over the forecast period.

In emerging countries such as India and China, there is an absence of a standardized manufacturing process, resulting in lower quality products with differentiated standards. However, increasing focus on exports to international markets by local producers is expected to compel them to adopt advanced manufacturing techniques.

Report Highlights

Nonwoven geotextiles dominated the geotextile market in 2019 on account of their high adoption in a wide range of applications such as construction, furniture, hygiene products, automobiles, medical products, agriculture, and packaging. The non-woven segment is expected to register a significant revenue-based CAGR of 12.3% over the forecast period.

Woven geotextiles are anticipated to witness a CAGR of over 11.01% from 2020 to 2027 in terms of revenue. Increasing product penetration in erosion prevention applications owing to their favorable characteristics such as excellent filtration and high tensile strength is expected to fuel their demand over the forecast period.

Polypropylene geotextiles was the largest product segment in terms of revenue in 2019 as these geotextiles have excellent resistance against chemicals and inorganic salts. The rising demand for polypropylene from emerging economies in the Asia Pacific, primarily China, is anticipated to impact the raw material price trends over the forecast period.

The major applications of geotextiles include road construction, erosion prevention, and drainage systems. The drainage application segment is anticipated to register a CAGR of 12.4% in terms of revenue over the forecast period. When geotextiles function as a drain, they act as a channel for the movement of liquid or gases.

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The drainage systems in U.S. and Canada are extensive and are highly developed. High utilization of these drainage systems has resulted in the need for constant maintenance. The unique characteristics offered by the product which aids in prolonging the life of the materials used in drainage systems is anticipated to drive the market growth.

Increasing foreign investments in the industrial sector of Asian economies such as China, India, Thailand, and Indonesia are expected to impact the market positively. Furthermore, increasing megacities in China and India, coupled with robust infrastructure development, is expected to drive the product demand over the forecast period.

Key Players

Koninklijke Ten Cate B.V., GSE Environmental, NAUE GmbH & Co., KG., Agru America, Officine Maccaferri, and Propex Operating Company, LLC.

Market Segmentation

  • Product Outlook 
    • Non-woven
    • Woven
    • Others
  • Material Outlook
    • Polypropylene
    • Polyester
    • Polyethylene
    • Others
  • Application Outlook 
    • Road construction
    • Erosion prevention
    • Drainage
    • Others
  • Regional Outlook 
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa
      • United Arab Emirates

The Geotextiles market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Geotextiles market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Geotextiles market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Geotextiles market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Geotextiles market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Geotextiles capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Geotextiles by regions (countries) and application.

In this study, the years considered to estimate the market size of Geotextiles are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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