The global geotextile market size is anticipated to reach $14.03 billion
by 2026, growing at a CAGR of 8.8% during the forecast period, according to a
report published by Polaris Market Research.
Geotextiles
are extensively used in the reinforcement of soil banks in bridges, pavements,
roads, highway, and other construction sector. Their integral applicable
functions include sealing, separation, drainage, filtration, and reinforcement
in different substrates. Concerning their multifunctional characteristics, the
geotextiles are suitable for a range of industries and tend to find application
in transportation, maintenance industries agriculture, and construction, among
many.
The rapidly
growing demand for non-woven fabrics has increasingly gained significance and
has flourished in the recent past. This has led to increasing applications with
the growing number of constructions sites and growing infrastructural
structural developments across the world. Governmental authorities of numerous
countries have taken precautionary measures during different types of
construction on account of growing awareness regarding degradability of roads
during natural calamities and to promise enhanced quality and durability.
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Polypropylene geo-synthetics is an essential geotextile that
requires lower maintenance costs and results in longevity of the roads and
similar construction structures. The areas which are prone to any natural calamity
such as landslides have witnessed these geotextile materials of significant
use, thereby providing a suitable alternative for such scenarios. For instance,
the Ministry of Textiles (Government of India) launched a program/scheme for
promoting the usage of geotextiles in road applications in the Northeastern
region of the country.
The roadways segment is likely to witness the fastest growth rate
during the forecast period on account of growing issues concerning a lifespan
of roads, their maintenance issues, and a growing stabilization. The use of
geotextile products is a cost-effective solution towards highway rehabilitation
and pavement repairs especially in the emerging countries of the Asia-Pacific,
where cost is among the most important concern. The consumption of these
products in China, Japan, and India has increased prominently during the recent
years, further strengthening the market growth.
The report provides an extensive qualitative and quantitative
analysis of the market trends and growth prospects of the Global Geotextile
Market, 2017-2026. This report comprises a detailed geographic
distribution of the market across North America, Europe, APAC and South
America, and MEA. North America is further segmented into U.S., Canada, and Mexico.
Europe is divided into Germany, UK, Italy, France, and Rest of Europe.
Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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The geotextile market in Europe is expected to witness major
growth during the forecast period. Some of the significant reasons behind this
include increasing expenditure in the construction of roads, railways, airport
runways, and pavements in the countries such as Italy, UK, Germany, and France.
The rail & road authorities in the previously-mentioned nations have
published multiple policies & regulations concerning the drainage plants
and waste water treatment processes.
Competitive Landscape and Key Vendors
The global geotextile industry constitutes numerous large
international market payers and is a fragmented industry. These market players
consistently undertake R&D for the launch of new innovative products to
strengthen their product portfolio in the industry. In addition, the companies
focus mainly on foreign investments in research and development to cater the
rapidly growing demand. Big market players are also focusing on their business
expansion through inorganic developments which increases the potential
concerning expansion of customer base and also geographic expansion.
Some of the prominent industry players include Berry Global,
Agru America, Inc., Carthage Mills, DuPont, Strata Systems, Mattex, Propex
Operating Company Koninklijke Ten Cate, Kaytech, Tenax and Leggett & Platt.
Polaris Market Research has segmented the global geotextile market
on the basis of product, technology, material, application and region:
Geotextile by Technology Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2015 – 2026)
·
Woven
·
Non-woven
·
Knitted
Geotextile by Material Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2015 – 2026)
·
Polyester
·
Polyethylene
·
Polypropylene
·
Others
Geotextile by Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2015 – 2026)
·
Agriculture
·
Drainage
·
Railways
·
Roadways
·
Others
