India Geotextiles Market to Grow at CAGR 12% till 2026
Favorable government initiatives coupled with
increasing budget allocations for improving road and railway networks to drive
India geotextiles market by 2026
According to
TechSci Research report, “India Geotextiles Market By Type, By Material, By Application, Competition
Forecast & Opportunities, 2012 - 2026” geotextiles market in
India is forecasted to grow at CAGR 12% during 2016 - 2025. Ongoing and
upcoming highway projects under green highway mission by Ministry of Road
Transport and Highway (MoRTH), coupled with increasing investments to improve and
expand road and railway networks across the country are expected to fuel demand
for geotextiles in India through 2026. In FY2018, USD36.02 billion was
allocated to the country’s transport sector, which includes shipping, road and
rail. Whereas, budget allocation for highways in the road sector increased from
around USD8.65 billion in FY2017 to USD9.68 billion in FY2018 Moreover,
geotextiles are also used to prevent soil erosion in coastal areas, which is
further propelling demand for geotextiles in the country. The aforementioned factors
are expected to drive demand for geotextiles in India through 2026.
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7 market data Tables and 26 Figures spread through 88 Pages and an
in-depth TOC on "India Geotextile Market"
https://www.techsciresearch.com/report/india-geotextiles-market-by-type-non-woven-woven-knitted-by-material-polypropylene-polyester-others-by-application-erosion-control-road-drainage-others-competition-forecast-opportunities/917.html
Railway is one of the fastest emerging
application areas for geotextiles in India, as upcoming metro rail, bullet
train and high speed train projects in the country are expected to fuel geotextile
demand during 2017-2026. Other application areas for geotextiles include
erosion control, drainage, etc. Non-woven geotextiles dominated geotextiles
market in India during 2012-2016, and the segment is anticipated to continue its
market dominance in the coming years as well. Moreover, polyester used for
manufacturing geotextiles and is expected to witness fastest growth among all the
materials used for manufacturing geotextiles in the country. Garware Wall Ropes
Ltd., TechFab India Industries Ltd are among the leading companies in geotextiles
market in India.
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“Increasing
plantation activities along road side to maintain sustainable environment as
per the National Green Highway mission is anticipated to fuel demand for
geotextiles in the country over the course of next five years. Increasing
measures being taken to control soil erosion, especially in the country’s west
and east regions, coupled with infrastructural development of railway and road
network in India, are further forecast to fuel demand for geotextiles in the
country through 2026.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India
Geotextiles Market By Type, By
Material, By Application, Competition Forecast & Opportunities, 2012 - 2026” has evaluated
the future growth potential of India geotextiles market and provides statistics
and information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in India geotextiles market.
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