Geotextile Market Growth 2019 | Key Company Profiles - GSE Environmental, Low & Bonar., Koninklijke Ten Cate bv, Thrace Group, HUESKER, Officine Maccaferri Spa, Strata Systems, Inc, Leggett & Platt, Inc, DuPont
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Global Geotextile Market By Material Type (Synthetic Geotextile, Natural Geotextile), Product Type (Nonwoven Geotextile, Woven Geotextile, Knitted Geotextile), Application (Road Construction and Pavement Repair, Erosion Control, Drainage, Railway Work, Agriculture, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global geotextile market is expected to register a healthy CAGR of 12.45% in the forecast period of 2019-2026. Increasing demand for bio- based geotextiles and increasing investment in nonwoven geotextile are the major factor for the growth of this market.
Key Market Competitors:
Few of the major competitors currently working in the global geotextile market are GSE Environmental, Low & Bonar., Koninklijke Ten Cate bv, Thrace Group, HUESKER, Officine Maccaferri Spa, Strata Systems, Inc, Leggett & Platt, Inc, Berry Global Inc., Agru America, Inc., DuPont, Mada Nonwovens, Kaytech, Asahi Kasei Advance Corporation, Belton Industries, Exeed Industries, TENAX USA, LLC., HOV Environment Solutions Pvt. Ltd., Propex Operating Company, LLC, Contech Engineered Solutions LLC, CHA Technologies Group.
• Increasing demand for geotextiles due to their superior properties will drive the growth of this market
• Rising infrastructure activities worldwide will also propel the market growth
• Growing demand of geotextile in road construction will also act as driver for the market
• Increasing urbanization and industrialization is driving market
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Global Geotextile Market Segmentation:
By Material Type
o Synthetic Geotextile
o Polypropylene Geotextile
o Polyester (Pet) Geotextile
o Polyethylene Geotextile
o Polyvinyl Chloride (PVC)
o Natural Geotextile
o Jute Geotextile
By Product Type
o Nonwoven Geotextile
o Needle-Punched Nonwoven Geotextile
o Heat-Bonded Nonwoven Geotextile
o Woven Geotextile
o Slit-Film Woven Geotextile
o Monofilament Woven Geotextile
o Multifilament Woven Geotextile
o Knitted Geotextile
o Classical Knits
o Insertion Knits
o Road Construction and Pavement Repair
o Erosion Control, Drainage
o Railway Work
• North America
• South America
• Middle East & Africa
Key Developments in the Market:
• In May 2018, Hanes Geo Components announced that they have acquired DDD Erosion Control so that they can improve their service capabilities. This acquisition is the part of their ongoing strategy for developing a North American distribution network for geotextile and erosion control products. This acquisition will help them to strengthen their business and provide better services to their customers.
• In January 2017, Hanes Geo Components announced that they are going to acquire Terrafix which will help the company to create their distribution network in North America for geotextiles and erosion control products. This will also help them to strengthen their position in the market by providing better services and technological to their customers.
Global geotextile market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of geotextile market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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