+1-888-308-5802     
News Contact Us

Geotextile Market Report 2019 By Regional Revenue, Growth & Trends Analysis 2024

Author : Rahul Varpe | Published Date : 2019-06-28 

The global geotextile market size is anticipated to reach USD 9.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% over the forecast period. Cost viability, longer life expectancy when compared with different materials, and rising ecological concerns are projected to benefit industry expansion over the forecast period.

Rising industrialization, technological developments, rapid urbanization, and growth in infrastructure are the major factors augmenting the demand for geotextiles over the forecast period.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1707

In terms of revenue, the polypropylene material segment was valued at USD 2.4 billion in 2018 and is projected to hold the largest market share over the forecast period. Most of the geotextiles employed in road construction are composed of polypropylene owing to their longer life span as opposed to other materials.

Road construction was the largest application segment in 2018 and it accounted for a share of 47.1% in terms of volume. In terms of revenue, geotextile demand for road construction in Asia Pacific is expected to expand at a CAGR of 14.6% from 2019 to 2025. The key factor responsible for surging product demand is increasing infrastructure development in regions including Asia Pacific, Middle East, and Latin America. Road construction is expected to emerge as the fastest-growing application segment over the forecast period.

Non-woven products are increasingly used in road construction, drainage, and erosion control due to their functionality of providing an avenue for water flow. Demand for non-woven products is rising in developing countries, such as China, India, and Russia, due to robust infrastructural development.

Road construction was the largest application segment in 2018 and it accounted for a share of 47.1% in terms of volume. In terms of revenue, geotextile demand for road construction in Asia Pacific is expected to expand at a CAGR of 14.6% from 2019 to 2025. The key factor responsible for surging product demand is increasing infrastructure development in regions including Asia Pacific, Middle East, and Latin America. Road construction is expected to emerge as the fastest-growing application segment over the forecast period.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/geotextile-market

Other applications including GCL and composites were closely followed by the erosion prevention application segment. Erosion prevention accounted for 19.4% of the global volume in 2018 and is expected to foresee relatively low demand over the forecast period.

The market revenue in U.S. is projected to expand at a CAGR of 12.1% over the forecast period. U.S. is the largest geotextile market in North America, which is expected to be driven by increasing application of ecofriendly natural geotextiles in road construction applications

In terms of volume, Asia Pacific accounted for a share of 45.2% of the global demand in 2018 owing to presence of large infrastructural projects in this region. In addition, countries such as China and India have highlighted the usage of geotextiles in their 12th five year plans, which has augmented the market growth in this region

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1707

The market in Europe is anticipated to reach USD 2.1 billion by 2025 in terms of revenue. In 2018, the region held the second largest market share in the global market. In terms of revenue, drainage is the fastest-growing application segment in the region with a CAGR of 13.4% over the forecast period. Increasing use of the product in drainage application is estimated to drive the market in the region over the forecast period.
 

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

Related News

Asia Pacific Air Filtration Market is expected to witness significant gains during 2019 – 2023

Published Date: 2019-07-22         Author: Rahul Varpe

Industrial products contributed to more than 27% of Asia Pacific air filtration market revenue in 2015, subject to the high demand of air filters in the medical sector and laboratories. The sub-products of industrial filters, such as dust collectors, baghouse filters, cartridge collectors & filt... Read More

Europe Industrial Air Filtration Market 2019 | Regional Insights & Growth Forecast To 2022

Published Date: 2019-07-22         Author: Rahul Varpe

Europe Industrial Air Filtration Market size in metal applications is projected to account for nearly 22% of the overall revenue over the coming timeframe.  Escalating need for healthy working conditions in the firms and the high necessity to maintain the humidity equilibrium will foster the gr... Read More

Compressed Air Treatment Equipment Market 2019-2024 Revenue Forecast By Global Industry Players

Published Date: 2019-07-22         Author: Rahul Varpe

Atlas Copco, the Swedish giant, that is claimed to constitute almost one tenth of the competitive spectrum of compressed air treatment equipment market, has undertaken a plethora of acquisitions over the recent years, to expand its geographical reach and product enhancement. The latest acquisition w... Read More

© 2019 Fractovia. All Rights Reserved