Geotextiles Market Size is projected to reach USD 11.72 billion by 2030, growing at a CAGR of 6.45%: Straits Research

The Global Geotextiles Market was valued at USD 6.68 billion in 2021 and is predicted to reach at USD 11.72 billion by 2030, increasing at a CAGR of 6.45% from 2022 to 2030. In 2021, Asia Pacific was the most dominant region in terms of market share, accounting for almost 55 percent of the total revenue share.

 | Source: Straits Research Straits Research

New York, United States, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Geotextiles have been used in farming and building for centuries. Geotextiles were made from natural fibers and vegetation mix. Geotextiles are produced from synthetic and natural fibers and polymers. Geotextiles are made of polyamides, polyethylene, polypropylene, and polyester. Geotextiles can be used to construct grids, mats, nets, and webs. Plant-based geotextiles have a lower shelf life than synthetics. Synthetics are unaffected by biological or chemical processes.

Geotextiles are frequently used in civil engineering because of their versatility. Synthetic geotextiles pollute the environment by producing carbon dioxide. Synthetic geotextiles are nonrenewable. Geotextiles separate, filter, strengthen, and drain. Geotextile can be used with soil and rock to increase stability and prevent wind and water erosion. Fabric composition depends on use.


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Global Geotextiles Market: DRIVERS

  • Geotextiles in Road Construction Are Popular

Geotextiles are perfect for ground stabilization, boosting pavement life, repairing and rehabilitating highways, controlling costs, and extending the life of roadways from motorways to transit routes. Many varieties of geotextiles are employed for filtration and separation in road construction (highway flyover, bridge, etc.). Geotextiles are replacing concrete as a road material.

Contaminated aggregate base weakens road and pavement, causing degradation. Traffic can pollute the aggregate base with subgrade soils. It impacts road performance and longevity by reducing effective aggregate thickness. Heavy traffic makes the soil under the road moist and mucky. Even if a gravel basis is utilized to support the subgrade, water moving upward draws soil fines or silt into the gravel, weakening it. Geotextiles keep roadways stable. They separate subgrade and base materials and manage water on or off the roadbed.

  • Investing In Construction to Boost Market Growth

Infrastructure spending will boost demand for these materials. State, local, and federal governments invest heavily on highways. More public-private partnerships (P3s) are being formed to build highways, which will increase demand due to money and government approval.

The US Highway Trust Fund estimates road and highway building will cost $93 million a day by 2022. NIP will receive USD 13.14 billion from FY 2019-25. FY 2019-25 roads will get 18% of capital spending. Geotextiles can be employed under the Pradhan Mantri Gram Sadak Yojana with the backing of the Indian Jute Mills Association, the National Jute Board, and Bihar's rural work division (PMGSY). The worldwide construction sector is expected to grow due to increased investment in construction projects.


Report Scope

Report MetricDetails
  Market SizeUSD 11.72 Billion by 2030
  CAGR6.45% (2020-2030)
  Historical Data2019-2020
  Base Year2021
  Forecast Period2022-2030
  Forecast UnitsValue (USD Billion)
  Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments CoveredBy Material, Applications, Product, and Region
  Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
  Key Companies Profiled/VendorsGlobal Synthetics | HUESKER Group | NAUE GmbH & Co. KG | Officine Maccaferri S.p.A. | Koninklijke Ten Cate B.V. | GSE Holdings, Inc. | Low and Bonar PLC | Machina-TST | Gayatri Polymers & Geo-synthetics | Propex Operating Company, LLC | Fibertex Nonwovens A/S | TENAX Group | AGRU America | TYPAR
  Key Market OpportunitiesThe Emergence of Bio-Based Geotextiles Is Expected to Open Up New Opportunities
  Key Market DriversGeotextiles In Road Construction Are in High Demand

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Global Geotextiles Market: KEY FUTURE OPPORTUNITIES

  • Bio-Based Geotextiles Could Open New Doors

Bio-based geotextiles, such as maize-based PLA geotextiles and sheep wool erosion mats, are expected to drive the geotextiles industry's growth over the forecast period. In the U.S. and Canada, drainage systems have grown. The forecast period will be fueled by the necessity for continual maintenance and the development of construction, drainage systems, and flood-resistant buildings.

 Europe has many riverbeds and bodies of water, depending on where you are. These rivers will certainly invade and cause land erosion and other natural calamities. These and other factors will boost the geotextiles market.


Regional Overview of Global Geotextiles Market

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the Geotextiles Market.

Asia Pacific accounted for roughly 55% of overall sales in 2021. Greater foreign investments in developing economies like China and India are expected to boost regional economic growth. Megacities in China and India will boost geotextile demand.

Because Europe has many riverbeds and other bodies of water, its landmasses have eroded, and water has gotten onto dry land. River erosion affects the area's structural soundness. These waterways pass through cities. Knitted geotextiles are used to avoid land deterioration.

Geotextiles are used to increase the tensile strength of the earth's mass throughout the Middle East and Africa. This makes man-made structures more water-permeable. Demand for items that increase groundwater levels and prevent road damage will drive geotextiles market growth.

Increasing foreign investment in China, India, Thailand, and Indonesia's manufacturing sectors should benefit the industry. The emergence of megacities in China and India, along with major infrastructural development, is expected to boost demand during the projected period.


Key Highlights

  • The Global Geotextiles Market Size was valued at USD 6.68 billion in 2021. The market is projected to grow from USD 7.57 billion in 2022 to USD 11.72 billion by 2030, increasing at a CAGR of 6.45% during the forecast period 2022 to 2030.
  • By Material, the Global Geotextiles Market is segmented into Polypropylene, Polyester, Polyethylene, and Others. Due of their superior resistance to chemicals and inorganic salts, polypropylene geotextiles dominated the market.
  • By Application, the Global Geotextiles Market is segmented into Road Construction, Erosion Prevention, Drainage, and Others. In 2021, road construction held the top spot.
  • By Product, the Global Geotextiles Market is segmented into Non-Woven, Woven, and Others. In 2021, nonwoven geotextiles dominated the market.
  • By geography, the Global Geotextiles Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, Asia Pacific was the most dominant region in terms of geotextiles market share.


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Major Players in Global Geotextiles Market

List of geotextiles market major competitor companies across the globe

  1. Global Synthetics
  2. HUESKER Group
  3. NAUE GmbH & Co. KG
  4. Officine Maccaferri S.p.A.
  5. Koninklijke Ten Cate B.V.
  6. GSE Holdings, Inc.
  7. Low and Bonar PLC
  8. Machina-TST
  9. Gayatri Polymers & Geo-synthetics
  10. Propex Operating Company, LLC
  11. Fibertex Nonwovens A/S
  12. TENAX Group
  13. AGRU America
  14. TYPAR


Global Geotextiles Market: Segmentation

BY MATERIAL

  • Polypropylene
  • Polyester
  • Polyethylene
  • Others

BY APPLICATION

  • Road Construction
  • Erosion Prevention
  • Drainage
  • Others

BY PRODUCT

  • Non-woven
  • Woven
  • Others

BY GEOGRAPHY

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Latin America
  • The Middle East and Africa (MEA)


TABLE OF CONTENT

  1. Introduction
    1. Geotextiles Market Definition
    2. Geotextiles Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Geotextiles Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Materials Overview
    1. Introduction
      1. Market Size & Forecast
    2. Polypropylene
      1. Market Size & Forecast
    3. Polyester
      1. Market Size & Forecast
  5. Applications Overview
    1. Introduction
      1. Market Size & Forecast
    2. Road Construction
      1. Market Size & Forecast
    3. Erosion Prevention
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Materials
        2. By Applications
      3. Canada
        1. By Materials
        2. By Applications
      4. Mexico
        1. By Materials
        2. By Applications
      5. Latin America
        1. By Materials
        2. By Applications
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Materials
        2. By Applications
      3. France
        1. By Materials
        2. By Applications
      4. U.K.
        1. By Materials
        2. By Applications
      5. Italy
        1. By Materials
        2. By Applications
      6. Spain
        1. By Materials
        2. By Applications
      7. Rest of Europe
        1. By Materials
        2. By Applications
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Materials
        2. By Applications
      3. China
        1. By Materials
        2. By Applications
      4. Australia
        1. By Materials
        2. By Applications
      5. India
        1. By Materials
        2. By Applications
      6. South Korea
        1. By Materials
        2. By Applications
      7. Rest of Asia-Pacific
        1. By Materials
        2. By Applications
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Materials
        2. By Applications
      3. South Africa
        1. By Materials
        2. By Applications
      4. Kuwait
        1. By Materials
        2. By Applications
      5. Rest of Middle East & Africa
        1. By Materials
        2. By Applications
  7. Company Profile
    1. Global Synthetics
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. HUESKER Group
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. NAUE GmbH & Co KG
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/geotextiles-market/toc 


Recent Developments

  • May 2022 - One of the world's premier private investment firms, Sun European Partners, LLP, has announced the acquisition of TENAX, a leading manufacturer of chemical solutions, abrasives, and tools for the treatment of natural stone, engineered stone, and ceramic slabs.
  • January 2022 - According to a joint statement issued by the two companies, AGRU America Inc. and HK Solutions Group have introduced a new product called Monoform PLUS. Monoform PLUS is a comprehensive manhole rehabilitation product package that offers streamlined installation while having a minimal impact on local traffic.


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Mot-clé

Geotextiles Market Geotextiles Market Share polymers synthetic polypropylene polyamides polyethylene chemical processes fibers US

Hyperliens