Geotextile Market worth $9.4 billion by 2022 | Key players Koninklijke TenCate, Low & Bonar, Fibertex Nonwovens, Thrace Group, Huesker

According to recent market research the Geotextile Market size is estimated to be USD 5.8 billion in 2017 and is projected to reach USD 9.4 billion by 2022, at a CAGR of 10.2%. Superior properties, low cost, high demand in road construction, and growing infrastructure activities in emerging economies are the key factors driving the geotextile market globally.

Browse 209 market data Tables and 56 Figures spread through 102 Pages and in-depth TOC on "Geotextile Market - Global Forecast to 2022"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/geotextiles-market-492.html

Based on material type, the synthetic geotextile segment is projected to register the highest CAGR between 2017 and 2022. Synthetic geotextile is widely used in the construction industry, majorly for separation and filtration applications. Within the synthetic geotextile segment, polypropylene and polyester are the preferred materials in the construction industry, mainly due to their lower cost than that of other raw materials.

Based on application, the market in the road construction and pavement repair segment is projected to register the highest CAGR between 2017 and 2022. Geotextiles enhance both the performance and life of the road. This is driving the demand for geotextile in this segment.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=492

The geotextile market is expected to be valued at USD 5.76 Billion in 2017 and is likely to reach USD 9.35 Billion by 2022, at a CAGR of 10.2% from 2017 to 2022. The rising demand for geotextiles due to superior properties and cost, high demand in road construction, and growing infrastructure activities in emerging economies are the key factors driving the growth of the geotextile market globally. Koninklijke TenCate (Netherlands), Low & Bonar (UK), Fibertex Nonwovens (Denmark), Thrace Group (Greece), Huesker (Germany), Berry Global (US), DuPont (US), Strata Systems (US), Leggett & Platt (US), Officine Maccaferri (Italy), GSE Environmental (US), Kaytech (South Africa), Mattex (Saudi Arabia), NAUE (Germany), Propex Operating Company (US), Carthage Mills (US), and Asahi Kasei Advance Corporation (Japan) are some of the leading players in this market.

The various geotextiles include nonwoven, woven and other. Though there are various types of geotextile products available in the market, each one performs at-least one or more of the following applications: road industry, pavement repair, erosion control, waste containment, railroad stabilization and others.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=492

There are many global players having presence in all the regions. The major players in this market are opting for new product launches to enhance their market penetration into new regions. The major companies in this market are Royal Tencate N.V. (The Netherlands), Gundle/ SLT Environmental Inc. (GSE) (U.S.), Low & Bonar PLC (U.K.) and Fibertex Nonwoven A/S (Denmark).

The nonwoven dominated the geotextile market in 2013, in terms of value. Asia-Pacific was the largest market for geotextiles and the region accounted for over 32% of the overall geotextiles market in 2013, in terms of value. It is expected to show high growth owing to evolving government favorable regulations and environmental norms enhancing the geotextile products usage to boost future growth of geotextiles.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/geotextiles.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/geotextiles-market.asp

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.