Geotextile Market Trends, Revenue Share Analysis, Market Growth Forecast, 2016–2026
The Geotextile Market is forecasted to grow from USD 4.64 billion in 2018 to USD 11.86 billion by 2026, at a CAGR of 11.4%, during the forecast period. Increasing population; increasing industrialization and rapid urbanization have compounded growth in emerging markets, leading to a sharp increase in geotextile adoption.
Typically, geotextiles are used
to improve soils that build streets, pipelines, embankments, and earth holding
structures. They consist of numerous materials, including warp-knitted
textiles, open - mesh textiles, and non - woven textiles. Filtration,
separation, reinforcement, protection and drainage are the primary functions of
the product. Geotextiles have filtration properties that allow water and other
fluids to be separated from various solid particles. This filtration function is
used mainly in drainage applications.
Geotextile’s properties like
flexibility and permeability are expected to drive the growth of the market
during the forecast period. It is also expected that durability and cost
effectiveness of geotextile will boost the market further during the forecast
period.
Growing bio-based geotextile
consumption and rising investments in nonwoven geotextile are the key
opportunities of the market. The factors that inhibit geotextile market growth
include volatile raw material prices that affect synthetic geotextile demand.
Request
Free Sample: https://www.reportsanddata.com/sample-enquiry-form/1257
The major players in the market
are Low & Bonar (UK), Officine Maccaferri (Italy), Koninklijke TenCate
(Netherlands), Thrace Group (Greece), Huesker (Germany), Berry Global (US),
Fibertex Nonwovens (Denmark), DuPont (US), Strata Systems (US), Carthage Mills
(US) and others.
Further key findings from the report suggest
·
The Geotextile Market is forecasted to grow from USD 4.64
billion in 2018 to USD 11.86 billion by 2026, at a CAGR of 11.4%, during the
forecast period. Increasing population; increasing industrialization and rapid
urbanization have compounded growth in emerging markets, leading to a sharp
increase in geotextile adoption.
·
The market for non-woven segment is expected to grow the largest
at USD 4.98 Billion in 2026, at a CAGR of 12.2% during the forecast period.
Increasing demand in the road rail industry for nonwoven geotextiles is one of
the key factors driving global growth in the geotextile market. In applications
such as roads, payment overlays and aggregate drains, non-woven geotextiles are
used. The woven geotextile is used for applications where high strength
geotextile is required. While geotextiles are widely used in rock filtration,
geotextiles are not suitable for liquid barriers filtration.
·
The market for synthetic segment is expected to grow the largest
and fastest at USD 6.41 Billion in 2026, at a CAGR of 12.3% during the forecast
period. The geotextile segment of polypropylene is expected to be the largest
subsection of the synthetic geotextile. It is also expected that this segment
will grow at the highest CAGR during the forecast period.
·
The market for road construction is expected to grow the largest
and reach USD 4.39 Billion in 2026, at a CAGR of 12.4% during the forecast
period. Geotextiles are used for the construction of roads as they help to keep
the soil together, resulting in a longer life span of roads.
·
The market for Asia Pacific (APAC) is expected to grow the
largest and reach USD 3.68 Billion in 2026, at a CAGR of 12.4%. The main
geotextile market in this region is China, India, Japan and South Korea. The
key factor driving market growth is the increasing number of infrastructure
development activities in the region, particularly in ASEAN countries.
Several leading players have conducted strategic expansion activities in
this region to meet the growing demand from the construction and agricultural
industries
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/geotextile-market
Segments covered in the report:
This report forecasts volume and
revenue growth at a global, regional & country level, and provides an
analysis on the industry trends in each of the sub-segments from 2016 to 2026.
For the purpose of this study, Reports and Data have segmented the market on
the basis of material, product and application regional analysis.
Material (Kilo Tons) (Revenue, USD Million; 2016-2026)
·
Synthetic
·
Natural
Product (Kilo Tons) (Revenue, USD Million; 2016-2026)
·
Woven
·
Non-woven
·
Knitted
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
·
Erosion
·
Drainage Control
·
Road Construction
·
Others
Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/1257
Region (Kilo Tons) (Revenue, USD Million; 2016-2026)
·
North America
o U.S
o Canada
·
Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of the Europe
·
Asia Pacific
Related Reports:
Urea
Market Share @ https://www.google.mv/url?q=https://www.reportsanddata.com/report-detail/urea-market
Polyester
Staple Fiber Market Forecast @
Acrylamide
Market Demands @
https://www.google.gr/url?q=https://www.reportsanddata.com/report-detail/acrylamide-market
Nylon
Drawn Textured Yarns Market Manufacture @
Acetylene
Market Trends @
https://www.google.sn/url?q=https://www.reportsanddata.com/report-detail/acetylene-market
Thank you for reading our report. To
know more about the customization or any query about the report contents,
please connect with us and our team will ensure the report is tailored to meet
your requirements.
About Us:
Our in-house
experts assist our clients with advice based on their proficiency in the market
that helps them in creating a compendious database for the clients. Our team
offers expert insights to clients to guide them through their business
ventures. We put in rigorous efforts to keep our clientele satisfied and focus
on fulfilling their demands to make sure that the end-product is what they
desire. We excel in diverse fields of the market and with our services
extending to competitive analysis, research and development analysis, and
demand estimation among others, we can help you invest your funds in the most
beneficial areas for research and development.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com/
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Connect with us: Facebook| LinkedIn | Twitter
Read More Related
Reports:
Alcohol Ethoxylates Market Manufacture
Tuberculosis Diagnostics Market Shares
Comments
Post a Comment