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$12bn by 2024| Geotextile Market Report By Regional Revenue & Growth Forecast 2019-2024

Author : Rahul Varpe | Published Date : 2019-08-13 

The well-established Geotextile Market continues to grow steadily due to the surging construction and agricultural sectors worldwide. The cost benefits of using geotextiles over conventional construction raw materials such as stone and sand have become increasingly attractive over the years, which has significantly prompted geotextile industry growth.
 
Basically, geotextiles are geosynthetic materials that have become quite popular in many applications that require stabilization, control, and support. Global Market Insights, Inc., anticipates that geotextile market will continue to expand over the coming years with the ever-growing civil engineering sector. By 2024, the industry is likely to witness the overall consumption of geotextiles crossing 10 billion square meters with a revenue projection of over USD 12 billion.

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Geotextile market in the emerging economies of Asia Pacific will experience profitable growth, with a slew of construction projects. China is set to record a massive demand for geotextiles, as the country countersigns heavy infrastructure investment, mainly in transportation and water management. The utilization of geotextiles in road construction applications is also advancing at rapid pace and is projected to raise USD 4.5 billion by 2024. 

Meanwhile, Europe is another prominent region where geotextile market demand is quite high and is expected to grow at a CAGR of 9% over 2017-2024. Rising construction projects to develop ports, roads, airports, housing, and railways particularly in UK, France, Italy, and Germany signify high product demand in the region. 

The regional companies are focusing on strategic partnerships to increase their capacity and expand their global reach. For instance, the collaboration between Fibertex Nonwovens and France’s Tharreau Industries in 2012 has helped the former expand its core business in the region to become one of the many prominent European market leaders.

Geotextile market in the emerging economies of Asia Pacific will experience profitable growth, with a slew of construction projects. China is set to record a massive demand for geotextiles, as the country countersigns heavy infrastructure investment, mainly in transportation and water management. The utilization of geotextiles in road construction applications is also advancing at rapid pace and is projected to raise USD 4.5 billion by 2024.

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Meanwhile, Europe is another prominent region where geotextile market demand is quite high and is expected to grow at a CAGR of 9% over 2017-2024. Rising construction projects to develop ports, roads, airports, housing, and railways particularly in UK, France, Italy, and Germany signify high product demand in the region. 

The regional companies are focusing on strategic partnerships to increase their capacity and expand their global reach. For instance, the collaboration between Fibertex Nonwovens and France’s Tharreau Industries in 2012 has helped the former expand its core business in the region to become one of the many prominent European market leaders.

Geotextile market encompasses two very versatile products, namely woven and nonwoven geotextiles. Between the two, woven geotextile industry is poised to witness highest gains, owing to its extensive demand in road stabilizing and erosion control applications. These types of geotextiles are mainly constructed from blending and weaving fibers, which gives them excellent tensile strength and hydro filtration properties. 

The global woven geotextile market is anticipated to witness gains over 11% through 2017-2024. Nonwoven geotextiles on other hand, are one of the most popular options for drainage, road construction, separation, and filtration. They offer exceptional UV finish properties, weather proofing, and chemical resistance, and thus find common usage in ditches and underground drains. This has led to a positive impact on the sales of nonwoven geotextile market, which is set to exceed USD 8.5 billion by 2024 in terms of revenue.

Partial Chapter of the Table of Content:

Chapter 2     Executive Summary
2.1   Geotextile industry 3600 synopsis, 2013 - 2024
2.1.1   Business trends
2.1.2   Regional trends
2.1.3   Material trends
2.1.4   Product trends
2.1.5   Application trends
Chapter 3     Geotextile Industry Insights
3.1   Industry segmentation
3.2   Industry landscape, 2013 - 2024
3.3   Industry ecosystem analysis
3.3.1   Vendor matrix
3.3.2   Distribution channel analysis
3.4   Regulatory landscape
3.4.1    U.S.
3.4.1.1    ASTM D4595 – 11
3.4.1.2    ASTM D5970 / D5970M
3.4.1.3    D4533M - 15
3.4.2    Europe
3.5   Technology landscape
3.6   Raw material analysis
3.6.1   Polypropylene
3.6.2   Polyethylene
3.6.3   Polyester
3.7   Pricing analysis
3.7.1   Regional pricing
3.8   Industry impact forces
3.8.1   Growth drivers
3.8.1.1     Positive construction outlook in Asia Pacific
3.8.1.2     Favorable guideline for development and usage of geotextiles
3.8.1.3     Implementation of MARV and CBR standards
3.8.2   Industry pitfalls & challenges
3.8.2.1     Fluctuating raw material prices
3.9   Innovation & sustainability
3.10       Growth potential analysis
3.10.1     Emerging business model
3.11       Porter’s analysis
3.12       Competitive landscape
3.12.1     Strategic dashboard
3.13       PESTEL analysis
Chapter 4   Geotextile Market, By Material
4.1   Geotextile material market share, 2016 & 2024
4.2   Synthetic
4.2.1   Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.2   Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.3   Polypropylene
4.2.3.1     Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.3.2     Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.4   Polyester
4.2.4.1     Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.4.2     Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.5   Polyethylene
4.2.5.1     Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.2.5.2     Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.3   Natural
4.3.1   Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.3.2   Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.3.3   Jute
4.3.3.1     Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.3.3.2     Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.3.4   Coir
4.3.4.1     Market estimates & forecast, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)
4.3.4.2     Market estimates & forecast, by region, 2013-2024, (Mn. Sq. Mtrs.) (USD Million)

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Lately, jute based products are gaining remarkable traction as an alternative to synthetic materials. These natural geotextiles are now increasingly used in erosion control applications such as culvert and table drain outlets, river banks & canals, sports field restoration, etc.

Prominent geotextile market participants catering to the regional and the local demand include Mattex Geosynthetics, TENAX, Fibertex Nonwovens, Royal Ten Cate N.V., TYPAR, and HUESKER Inc.
 

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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