Press release
U.S. woven geotextile market to exceed USD 650 million by 2024
Europe geotextile market size, led by Germany, UK, Italy and France should witness significant gains at over 9%. Increasing construction spending owing to roads, airports, housing, railways, and ports development should drive regional growthGeotextile Market size may exceed USD 12 billion by 2024 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.
Global Market Insights has a new study based report titled " Geotextile Market Size By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir]), By Product (Non-Woven, Woven, Knitted), By Application (Road Construction, Erosion Control, Pavement Repair, Drainage, Railroad, Agriculture), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, South Africa, UAE, Saudi Arabia), Price Trend, Competitive Market Share & Forecast, 2017 – 2024".
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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.
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.
The Geotextile Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Geotextile Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
Browse Geotextile Market report summary@
https://www.gminsights.com/industry-analysis/geotextile-market
4. Geotextile Market Product Insights
Nonwoven geotextile market size should surpass USD 8.5 billion in sales by 2024. Increasing application in drainage, filtration, separation, and road construction owing to high chemical resistant and UV finish properties along with withstand against environment dynamics should drive industry growth. They are moderately lightweight fabrics weighing from 120 gm to 250 gm per square meter.
5. Geotextile Market Application Insights
Geotextile market size from road construction applications should exceed USD 4.5 billion by 2024. It is widely used for laying roads to strengthen soil thus resulting in longer road lifespan. Increasing construction spending in China, India, and Russia owing to strong infrastructural development should favor industry growth. Favorable government regulations regarding usage of jute in road construction should fuel product demand.
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6. Geotextile Market Regional Insights
China geotextile market size should witness an increase in demand owing to rise in government spending for various upcoming infrastructure projects
Brazil geotextiles market size should witness significant gains at over 11.5% by 2024. Implementation of Growth Acceleration Program (PAC) by Brazilian Government regarding new infrastructural development should drive regional industry growth
7. Competitor Profiles
Global geotextile market share is fragmented. Some of the companies operating in the market include Royal TenCate, GSE, Fibertex, Hueskar, TENAX, and Typar which cater to domestic and regional market.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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