Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Geotextile Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The future of the global geotextile market looks promising with opportunities in the erosion control, reinforcement, drainage system, lining system, asphalt overlays, separation & stabilization, and silt fences markets. The global geotextile market is expected to reach an estimated $4.1 billion by 2030 with a CAGR of 6.5% from 2024 to 2030.
The major drivers for this market are growing civil engineering activity as a result of developing nations' quick industrialization and urbanization, rising environmental awareness of soil erosion, as well as, growth in the need for geotextiles in the construction of roads worldwide.
Geotextile Market Insights
The report forecasts that synthetic will remain the larger segment over the forecast period because the geotextiles made from polypropylene and polyester have high water flow rates and are mostly used for soil fines filtering, perforated pipe wrapping, and erosion prevention.
APAC will remain the largest region over the forecast period due to rising construction activity in cities, requiring geotextiles for various applications like landfills, landscaping, and foundation stabilization, as well as, increased foreign investment in the region's developing nations, especially China and India.
Geotextile by Segment
The study includes a forecast for the global geotextile by material, product, application, and region.
Geotextile Market by Material:
- Natural
- Synthetic
Geotextile Market by Product:
- Woven
- Non-Woven
- Knitted
Geotextile Market by Application:
- Erosion Control
- Reinforcement
- Drainage System
- Lining System
- Asphalt Overlays
- Separation & Stabilization
- Silt Fences
- Others
Geotextile Market by Region:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Geotextile Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies geotextile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the geotextile companies profiled in this report include:
- Koninklijke Ten Cate
- GSE Holdings
- NAUE
- Officine Maccaferri
- Low & Bonar
- Propex Operating
- Fibertex Nonwovens
- TENAX
- AGRU America
- Global Synthetics
Features of the Global Geotextile Market
- Market Size Estimates: Geotextile market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Geotextile market size by material, product, application, and region in terms of value ($B).
- Regional Analysis: Geotextile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different material, product, application, and regions for the geotextile market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the geotextile market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the geotextile market by material (natural and synthetic), product (woven, non-woven, and knitted), application (erosion control, reinforcement, drainage system, lining system, asphalt overlays, separation & stabilization, silt fences, and others), and region?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For more information about this report visit https://www.researchandmarkets.com/r/sbsd9p
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
