The global Geotextile market will be worth US$ 10.0 billion by 2030, growing at a 9.8% CAGR during the forecast period
Category: Chemicals & Materials Published Date : June 2022 ID: CVC-00129-CH Format: PDF Pages: 295
Geotextile Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Geotextile Market was worth US$ 9.0 Bn and is expected to grow at a CAGR of 9.8% over the forecast period. The market is expected to hit US$ 19.0 Bn by 2030 end.
Geotextiles are one of the most common materials used in building roads, highways, flyovers, bridges, and pavements for filtration and separation purposes since they minimize material migration and mingling while allowing free water circulation.
As a result, geotextiles are developing as a viable alternative to concrete in the road construction business.
What factors are driving the rise in Geotextile demand?
The primary reasons driving the worldwide geotextile market include superior characteristics, low cost, increased demand for road building, and growing infrastructure activities in emerging nations.
What opportunities exist in the Geotextile Market?
Growing environmental concerns and soil erosion are expected to drive geotextile demand. Regulatory organizations’ promotional policies and actions have helped raise knowledge about the benefits of geotextiles, positively boosting the market growth.
What are the major challenges confronting the Geotextile Market?
Geotextiles are made from synthetic fibers such as polypropylene, polyester, and polyethylene, as well as natural fibers such as jute, coir, and ramie. Any shift in the availability and demand for these basic materials could considerably influence the geotextile business.
Because synthetic fiber ingredients are generated from crude oil, increases in crude oil prices result in price increases for raw materials, hence affecting the geotextile business.
Why is synthetic Geotextile expected to grow at the fastest CAGR?
The synthetic geotextile material type dominates the geotextile market. In the synthetic geotextile category, polypropylene is less expensive than other raw materials, making it a favored material, particularly for the construction industry.
Polypropylene geotextiles led the market and held a 56.8% share in 2021, owing to their superior resistance to chemicals and inorganic salts.
Geotextiles consisting of polypropylene and polyester have high water flow rates and are mostly used for soil fines filtration, perforated pipe wrapping, and erosion protection. Polyethylene fibers’ strong heat resistance is predicted to fuel demand for polyethylene-based geotextiles in the construction industry in high heat applications.
Why are the Road Construction and pavement repair segment likely to grow rapidly throughout the forecast period?
Road construction and pavement repair is the major section of the geotextile market. Road construction dominated the market, accounting for 47.2% in 2021. Geotextiles are the best option for ground stabilizing issues, enhancing pavement life, highway repair and rehabilitation, cost control, and improving road lifespan.
Which product type is predicted to have the highest market share during the forecast period?
Nonwoven geotextiles lead the market, accounting for over 65.3% of sales in 2021. Because of their great tensile strength and low cost, nonwoven geotextiles are in high demand for transportation infrastructure projects.
Because of its widespread use in building, furnishings, hygiene products, vehicles, medical items, agriculture, and packaging, the category dominates the market.
Why is natural geotextiles Millenials’ preferred choice?
Natural geotextiles are created using various bio-based materials, including agricultural products and waste streams. Natural Bio-based geotextiles include maize-based PLA geotextiles, sheep wool erosion mats, and straw and coconut erosion mats.
Natural geotextiles’ primary benefits include resource efficiency and the reduction/elimination of Greenhouse Gas (GHG) emissions. Because these materials are light in weight, they save money on application and shipping.
What is the most popular natural geotextile segment?
Due to its ample availability and renewable nature, jute is the most extensively consumed type of natural Geotextile in the global market. Jute geotextile improves soil nourishment and is less expensive than other natural geotextiles.
Jute also has a high moisture-absorbing capacity, high initial tensile strength, low extension at the break, strong spin ability, and biddability. Jute geotextile is a popular material in civil engineering due to its flexibility and excellent moisture absorption capability.
Which region is cementing its global dominance in the Geotextile Market?
In 2021, Asia Pacific dominated the market, accounting for over 53.8% of total revenue. Increased foreign investment in the region’s growing economies, especially China and India, is expected to impact economic growth positively. Furthermore, developing megacities in China and India will likely enhance geotextile demand.
Which country has promising opportunities in the Asia-Pacific Insole market?
Increased government spending on China’s One Belt, One Road (OBOR) project is expected to impact the country’s infrastructure development positively. The abundance of usable land is likely to boost infrastructure development in the country. The Chinese government has made significant expenditures on infrastructure projects, which will fuel the country’s demand for geotextiles.
Major market players are forming alliances with emerging and small-scale players to extend their distribution capacities and boost the market reach of their products. In addition, manufacturers are concentrating on other efficient and effective distribution channels to ensure customers have timely access to such products.
The market is consolidated by prominent players such as Fibertex Nonwovens A/S, HUESKER Synthetic GmbH, TENAX, and others.
Some of the key developments that have taken place in the Geotextile Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Product Type:
By Region and Country:
Global Geotextile Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material, Product Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|