India Polypropylene Based Nonwoven Geotextile Market to Grow with a CAGR of 10.58% through 2028
Increasing market
penetration in construction industry, government incentivized production policies
and having surplus availability to beat the competitive market prices are prime
factors driving the growth of market in the forecast period, 2023-2028.
According to TechSci Research
report, “India Polypropylene
Based Non-Woven Geotextile Market - By Region, Competition, Forecast &
Opportunities, 2018-2028F”,
the India
polypropylene based nonwoven geotextile market stood at USD201.23 million in
2022 and is projected to grow at a CAGR of 10.58% in the forecast period. The
growing relevance of the better commutation facilities and proper drainage
system are the key factors driving the demand for the India polypropylene based
nonwoven geotextile market in the next five years. Increasing Investment
potential under the production linked incentive (PLI) schemes for textiles is
supporting the manufacturers and the entire production value chain, further
bringing up the stability in supply movement of the product that has important
applications across various range of industries.
The fluctuation in
prices of crude oil leads to fluctuation in the price of raw materials used for
preparation of non-woven geotextiles. The uncertainty in the prices of crude
oil leads to an increase in overall cost of non-woven geotextiles. Hence, the
volatility in the cost of crude oil is expected to restrict the market growth
in the coming years.
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over 34 market data Figures spread through 82 Pages and an in-depth TOC on
"India PP based Nonwoven Geotextile
Market"
https://www.techsciresearch.com/report/india-polypropylene-based-non-woven-geotextile-market/10605.html
The India
polypropylene based nonwoven
geotextile market is segmented into technology, end-use, GSM, region, and
competitive landscape. Based on Technology, the market is divided into needle
punch, thermal and chemical bonding. The Needle Punch led the market with a
market share of 48.47% in 2022. The rise in applications in construction sector and ongoing
technological innovations in the geotextiles bolster the production of polypropylene
based non-woven geotextile across the country. The entry of new market players
and huge untapped potential in developing states is expected to create
lucrative growth opportunities for the building and construction industry in
the forecast period, hence contributing to the segmental growth.
Going through
regional analysis, the West India region dominated the market and held a market
share of 39.52% in 2022 and is expected to maintain its dominance through the
next five years. Government is trying to build a healthy infrastructure that
can hugely support production and reduce the import load on government,
consequently making the country competent in international trade, especially
against China.
Major
market players operating in the India Polypropylene based Nonwoven Geotextile
market are:
·
FlexiTuff Ventures International Limited
·
Techfab India Ltd.
·
Welspun India Ltd
·
Ginni Filaments Ltd
·
Jeevan Nonwovens
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“The growing awareness about road
safety infrastructure and increasing demand for geotextile applications is driving
the industrial transformation across the country. The Indian government is
creating the foundation and promoting the introduction of industry 4.0 to steer
the industries forward, resulting in the increased capacity utilization for the
polypropylene based nonwoven geotextile market for a wide range of applications.
The rise in the number of manufacturing plants and the growing adoption of
novel technologies is expected to propel the India polypropylene based nonwoven
geotextile market growth till 2028”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Polypropylene
Based Non-Woven Geotextile Market By Technology (Needle Punch, Thermal, and
Chemical Bonding), By End-Use (Road & Highways, Dams & Canals, Drainage
System, and Railways), By GSM (Up to 100 GSM, 101-500 GSM, 501-1000 GSM, Above
1000 GSM), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future
growth potential of India PP based Nonwoven Geotextile market and provides
statistics & 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 decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India polypropylene based nonwoven geotextile
market.
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