Geotextile Market Expected to Reach USD 12,030 Million by

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BEIJING, July 20. 2022 (GLOBE NEWSWIRE) — The Global geotextile market The size accounted for USD 7,028 million in 2021 and is expected to reach the value of USD 12,030 million by 2030, growing at a CAGR of 6.3% during the forecast period from 2022 to 2030.

Geotextiles are relatively inexpensive and therefore popular in construction applications such as reinforcement, filtration, protection, separation and drainage, and the global geotextile industry is expected to grow during the forecast period. The global geotextile industry is poised to increase during the forecast period owing to the expected growth in the construction and agriculture sectors. During the forecast period, the versatility, flexibility, and permeability of geotextiles are expected to dominate the growing geotextiles market. Mechanical performance, durability, and profitability are expected to drive the growth of the global geotextiles market over the forecast period. Additionally, following the government’s decision to increase their global market share, geotextile industry players are constantly driving geotextile innovation, enabling the global geotextile to accelerate during the planned period.

Geotextiles are made of synthetic and natural textile materials commonly used in the construction of highways, structures and drains, among other engineering applications. These products, which are usually made of materials such as synthetic geotextile and organic geotextile, can provide soil structure as well as erosion prevention. These products are widely used in a wide range of applications including coastal protection, agricultural sectors and stormwater.

Geotextiles have the ability to sort, reinforce, separate, drain and protect when used in conjunction with soil. Geotextiles are permeable synthetic fabrics composed mainly of polyester and polyethylene. There are three types of geotextiles: needlepunched, woven and thermally bonded. The construction of highways, canals, reservoirs, embankments and railways are just some of the environmental and geotechnical development environments of geotextiles. Geotextiles are also frequently used during the task of granular soil filtration.

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Report cover:

Market geotextile market
Market size 2021 $7,028 million
Market Forecast 2030 $12,030 million
CAGR from 2022 to 2030 6.3%
Analysis period 2018 – 2030
base year 2021
Forecast data 2022 – 2030
Segments Covered By material type, by product type, by application and by geography
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Profiled Key Companies Koninklijke Ten Cate BV, BASF SE, GSE Holdings, Inc., Officine Maccaferri SpA,
NAUE GmbH & Co. KG, AGRU America, Fibertex Nonwovens A/S, Global Synthetics,
Low and Bonar PLC, HUESKER Group, Propex Operating Company, LLC and TENAX Group.?
Report cover Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis
Scope of customization 10 a.m. free customization and expert advice

Growth aspects of the global geotextiles market

The main growth driver of the market is the increasing number of development and construction activities across the world, especially in developing countries. This, coupled with the increasing use of environment-friendly walls and roofs for the prevention of soil erosion and the proper management of the water drainage system, is fueling the growth of the market. Geosynthetics are also widely used in the transportation industry to stiffen and protect the ground around railway tracks, road networks and highways. Additionally, due to their exceptional chemical resistance, geotextiles are widely used in wastewater management systems, which catalyze future growth. Additionally, the demand from a variety of industries for the safe handling and disposal of exceptionally hazardous waste has steadily grown. In addition, the implementation of favorable reimbursement policies and the increase in research and innovation operations in national infrastructures, which allow industries to maintain performance specifications while controlling environmental problems, should propel even more the market.

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Growing demand for bio-based geotextiles

A variety of properties of bio-based materials, such as agricultural production and industrial effluents, are used to create bio-based geotextiles. Corn-based PLA geotextiles, crop residues, sheep’s wool sedimentation mats and coconut shell erosion mats are examples of bio-based geotextiles. Some of the most important benefits of bio-based geotextiles are resource development and the elimination or reduction of greenhouse gas emissions. Since these materials are extremely lightweight, application and transportation costs are reduced, which is attracting growing interest in the agriculture and construction sectors.

Geotextile Market Regional Overview

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global geotextiles market. The Asia-Pacific region was the largest purchaser of geotextiles in 2021, and this growth is expected to continue throughout the projected timeline. The regional market is driven by the large number of customers in India and China. Favorable government initiatives to improve public infrastructure, rapid industrialization and the availability of skilled labor will all contribute to further growth of the industry. In order to stimulate regional growth, government initiatives emphasize the development of large cluster cities with high reliability and sustainability.

Additionally, the market in North America is expected to grow significantly over the projected period. Drainage systems in the United States are highly advanced and comprehensive, and their widespread use has resulted in proper and consistent maintenance, which is driving regional growth.

Segmentation of the geotextiles market

The global geotextiles market has been segmented by Acumen Research and Consulting on the basis of material type, product type and application. Based on material type, the market is divided into synthetic and natural. Based on product type, the market has separated into woven geotextile, nonwoven geotextile, and knitted geotextile. Based on application, the market is categorized into road construction, railway works, drainage, erosion, agriculture, and others.

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Geotextiles Market Players

Some key players covered globally in Geotextile Industry are Koninklijke Ten Cate BV, BASF SE, GSE Holdings, Inc., Officine Maccaferri SpA, NAUE GmbH & Co. KG, AGRU America, Fibertex Nonwovens A/S, Global Synthetics, Low and Bonar PLC, HUESKER Group, Propex Operating Company, LLC and TENAX Group.

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About Acumen Research and Consulting:

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