Press release
Geotextile Market to exceed 10 billion sq. meters by 2024| GSE, Royal TenCate, TENAX, Typar, Fibertex, and Hueskar
Geotextile Market
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.
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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.
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.
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.
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. 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.
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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.
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.
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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Geotextile market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Million Square Meters and revenue in USD Million from 2013 to 2024, for the following segments:
Geotextile Market By Material
• Synthetic
o Polyethylene
o Polyester
o Polypropylene
• Natural
o Jute
o Coir
Geotextile Market By Product
• Non-woven
• Woven
• Knitted
Geotextile market by application
• Road Construction
• Erosion control
• Pavement repair
• Drainage
• Railroad
• Agriculture
• Others
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