Press release
Geotextile Market 2024 Key Players Royal TenCate, GSE, Fibertex, Hueskar, TENAX, and Typar
Geotextile Market
Geotextile Market size may exceed USD 12 billion by 2024.Geotextile market size from road construction may witness significant gains and surpass 3.5 billion sq. mtrs by 2024. It helps in building better roads by preserving and increasing road structural integrity and improves longevity and capacity.
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They are relatively homogenous, readily available and less work to install, thereby reducing environmental impact with transporting and quarrying materials for the usage in road construction.
Geotextile Market By Material
Synthetic
Polyethylene
Polyester
Polypropylene
Natural
Jute
Coir
Geotextile Market By Product
Non-woven
Woven
Knitted
Rapid industrialization along with increasing government spending for infrastructure projects should drive geotextile market size. Rising environmental concerns owing to cost effectiveness and longer shelf life along with biodegradable material consumption may have a positive impact in the industry growth.
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Strict government regulations with respect to MSW and standards by American Association of State Highway and Transportation Officials (AASHTO) for its usage in pavement, erosion control, drainage, and separation, which reduces road construction time.
Polypropylene, polyethylene, and polyester are raw materials used in synthetic polymer based production process. Rising raw material concerns may hinder supply deficit and impact geotextile market price trend.
India geotextile market with respect to erosion control application should foresee gains at above 12.5%. These fabrics are made from natural and synthetic materials which control the sediments and prevent further erosion, thereby influencing industry growth.
Coir based geotextile market may witness significant gains over the foreseeable period. It is a natural fiber produced from coconut husks. It provides protection against soil erosion and provide natural support for vegetation. Increasing product usage due to several properties including durable, biodegradable, resist sunlight, absorb water, and facilitate seed germination should fuel industry growth.
China geotextile demand from railroad applications is poised to exceed USD 95 million by 2024. Increasing government spending on infrastructure projects should drive regional product demand. Selection of product for railroad applications depend on factors including existing track structure, drainage conditions, previous maintenance requirements, traffic, and subgrade conditions.
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Global geotextile market share is moderately fragmented with key companies including GSE, Royal TenCate, TENAX, Typar, Fibertex, and Hueskar. The industry may witness consolidation over the foreseeable period in the form of merger & acquisitions and joint ventures to increase their product portfolio & regional growth.
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Global Market Insights, Inc.
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