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Geotextile Market 2019 By Industry Trends & Regional Forecast To 2024

Author : Rahul Varpe | Published Date : 2019-11-13 

Geotextile Market is likely to surpass USD 12 billion by 2024; according to a new research report. Global geotextile market should exceed consumption of 10 billion square meters by end of 2024. Positive outlook for growth in infrastructure spending particularly in India, Thailand, Malaysia and China along with rapid urbanization should drive product demand.

Positive indicators towards increasing application scope in erosion control, agriculture, drainage and construction should drive product demand. Synthetic based products are majorly used in applications which include railways, road construction, airports, tunnels and bridges.

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Synthetic fiber products are based on polyethylene, polypropylene and polyester. Polypropylene geotextiles market should witness significant gains & surpass USD 6.5 billion by end of 2024. It finds major application in road construction owing to its longer shelf life and easy availability. High strength properties are suitable for stabilization, slope support and erosion control.

Nonwoven based products should register gains at above 11% by end of forecast timeframe. They find major applications in filtration, separation, road construction and drainage due to its UV based finish properties and enhanced chemical resistance.

Jute based products can emerge as better alternatives to synthetic based products in numerous civil applications. Jute geotextiles demand should witness gains of over 9.5% by 2024. They are mostly used for soil erosion applications which includes river banks, bridge abutments, culvert, road slopes and residential.

U.S. geotextile market from woven products should witness gains at over 10.5% by 2024. Positive indicators for its use in constructing roads for separating layers and ensure stability of underground pavement & road should drive product demand in the region.

Europe, led by UK, France and Germany geotextiles market, may witness gains at over 9%. Road and Rail authorities have released publications for numerous standards & norms for wastewater and solid waste management.

UK geotextiles demand from drainage based applications should witness gains at over 9.5% by end of forecast timeframe. These products are used in civil industry for removal of moisture or fine particles.

Partial Chapter of the Table of Content:

Chapter 3 Geotextile Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2013 – 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Collaborations/Partnerships

3.3.2.2 Distributors

3.3.2.3 Contract Manufacturers

3.4 Regulatory landscape

3.5 Technology landscape

3.6 Raw material analysis

3.7 Pricing analysis

3.7.1 Polypropylene price trend

3.7.2 Polyester price trend

3.7.3 Polyethylene price trend

3.7.4 Jute price trend

3.7.5 Coir price trend

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 Asia Pacific

3.8.1.1.1 Increasing construction spending

3.8.1.1.2 Favorable guideline for development and usage of geotextiles

3.8.1.2 North America: Implementation of MARV and CBR Standards

3.8.1.3 Europe: Increasing construction activities

3.8.2 Industry pitfalls & challenges

3.8.2.1 Adverse environmental impacts of synthetic geotextiles

3.9 Innovation & sustainability

3.10 Growth potential analysis, 2017

3.10.1 Emerging Business Models

3.10.1.1 Joint ventures

3.10.1.2 Acquisition

3.10.1.3 New product launch

3.11 Porter’s analysis

3.12 Competitive landscape, 2017

3.12.1 Strategy dashboard

3.13 PESTEL analysis

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China geotextile market from railroad based applications should witness gains at over 11%. Product selection for railroad applications include factors such as drainage conditions, track structure, traffic and maintenance requirements.

Global geotextiles market share is moderately fragmented and some of the industry participants include GSE, Royal TenCate, Hueskar, Tenex, Typar and Fibertex. The companies may witness consolidation in the form of mergers & acquisitions, technological collaborations and joint ventures to expand their regional presence & enhance product portfolio.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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