Asia-Pacific Polypropylene Based Non-Woven Geotextile Market to Grow with a CAGR of 8.18% through 2027
Increasing applications in building
and construction sector, government initiatives and aggressive investment from
the companies is driving the growth of APAC Polypropylene based Non-Woven Geotextile
Market in the forecast period, 2023-2027.
According to TechSci Research
report, “APAC Polypropylene based
Non-Woven Geotextile Market - Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2017-2027”, the APAC Polypropylene
based Non-Woven Geotextile market stood at USD1317.52 million in 2021 and is
projected to grow at a CAGR of more than 8 percent in the forecast period. Over
the recent time frame, connectivity and trade are two prominent matters which have
been hugely considered by developing economies like India and Southeast Asia.
Capital cashflows for land and sea connectivity projects to raise the export
value and fulfil the supply demand gap has caught the attention of investors
especially trading in geotextiles in the Asia Pacific Region. Infrastructure
development in the construction Industry has increased
manifolds over this decade and countries such as China and India where maturity
of market is on all time increasing levels have surpassed all the limitations
that were inhibiting the growth of Polypropylene based Nonwoven Geotextile market. Dynamic
fluctuation in the prices of polypropylene has been a major impediment to growth
of Asia-Pacific Polypropylene Based Non-Woven
Geotextile market which has recently improved and now APAC countries have
pivoted their entire focus on increasing the production on all levels to
stabilize the dynamic volatility of crude oil and its derived petrochemical
prices.
Investigating through
deep research and comprehensive market analysis of Polypropylene based Non-woven
Geotextile market shows that the Chinese and Indian government are staying
bullish on aggressively investing in construction activities and have
introduced several initiatives to spur manufacturing as well as demand in the forecast
period. Moreover, the increasing business expansions
are contributing to the market growth of small countries like Thailand. For
instance, the emergence of non-woven has triggered the development of a cost-effective
alternative that can minimize the problem of cross-contamination immensely.
This rising localization for the manufacturing in countries across Asia Pacific
Region is expected to increase the market in the upcoming years for the Asia
Pacific region.
Browse over
83 market data Figures and 6 Tables spread through 145 Pages and an
in-depth TOC on "APAC PP based Non-Woven Geotextile
Market"
https://www.techsciresearch.com/report/asia-pacific-polypropylene-based-nonwoven-geotextile-market/10612.html
The APAC
Polypropylene based Non-Woven Geotextile market is segmented into Technology, End-Use, GSM,
Country, and competitive landscape.
Based on End-Use,
the market is divided into Road & Highways, Dams & Canals, Drainage
System and Railways. Road and Highways led the market with a market share of around
46% of the overall market based on end-use in 2021. The latest wave of growth
in the construction has come from major manufacturing brands in Asia Pacific
which encircles a major market across China, India, Japan, Australia, and Southeast
Asia. Despite the consequences of COVID
19, which resulted in a significant drop in demand in 2020, it is now seeing a
rapid and strong recovery following the third wave in January 2022, driven by
huge demand for road and highway building. In the forecast period, the
construction industry is likely to benefit from the entry of new market players
and vast untapped potential in developing countries, resulting in lucrative
growth prospects.
Countries like China
and India are undergoing massive technological advancements and are the fastest
growing countries in Geotextile Sector. Rapid industrialization and expansion
of production facilities in different countries of APAC are expected to boost the
production of PP based Non-Woven Geotextile by significant limits. As a result
of the increased production, more private players will emerge, resulting in
lower production rates which will further bring a more balanced demand-supply
dynamic in developing economies.
Major
market players operating in the APAC PP based Non-Woven Geotextile market are:
·
Asahi Kasei Advance Corporation
·
Dezhou Minghao Geotechnical Material Co Ltd
·
Yixing Shenzhou Earth Working Material Co., Ltd.
·
Naue GmbH & Co. KG
·
Geofantex Geosynthetics
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“The growing awareness about
the feasibility of international trade through waterways and consistent
development in the infrastructure to improve the efficiency of routes drives
the miraculous transformation across the APAC region. Governments across the countries
in the APAC region are laying the framework and promoting the implementation of
industry 4.0 to drive the sustainable growth of the industries, thereby fueling
the demand for Polypropylene-based Non-Woven Geotextile for various
applications. The rise in the number of plants and the growing adoption of
novel technologies is expected to propel the Asia-Pacific Polypropylene based
Non-Woven Geotextile market growth till 2027”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“APAC
Polypropylene based Nonwoven 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 and Above 1000 GSM), By Region, Competition, Forecast &
Opportunities, 2017-2027F”, has evaluated the future
growth potential of APAC Polypropylene based Non-Woven 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 APAC PP based Non-Woven Geotextile market.
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