Geotextile Market to be dominated by Road Construction & Pavement Repair Segment through 2027
Increasing number of
development, infrastructure and agricultural activities to drive the demand for
Geotextile in the forecast period, 2023-2027.
According to TechSci Research
report, “Geotextile Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global geotextile market
is anticipated to grow at a significant rate in the forecast period, 2023-2027.
Increasing construction, mining, agricultural activities, and packaging
products in the logistic industry make this market one of the emerging
industries in the projected year. Most developing economies are worried about
their infrastructure to attract multinational companies and invest in new
infrastructure development projects. Developed countries have good
infrastructure but need maintenance to keep them safe and usable. In
agriculture, geotextile is used to keep plants from direct exposure to
sunlight, temperature, and water. The large size of the population is expected
to suffer from dental problems in the projected year as the fast-moving
lifestyle is now common in developing as well as in developed countries.
Technicians of mining industries are demanding geotextile due to soil holding,
embarkment and filtration capacity. Thus, the above-given factors will drive
the growth, and it is expected that the geotextile market will experience
impressive market share in the projected year. In the north American region,
construction industries contribute almost 4.2% of the national economy, which
is more than 1 trillion USD in market size. Thus, it is expected to growth in
the market size of geotextile products in North America through 2027.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Geotextile Market"
The global
geotextiles market is segmented based on material type, on product type and on
application, on regional distribution, and on competitive landscape.
Based on
the material type, the market is bifurcated into polyester, polyethylene,
polypropylene, and others. The polypropylene segment is expected to hold the
largest market share and is expected to continue its dominance in the forecast
period. Due to high chemical resistance over acid in a different situations,
high strength, high flexibility, and low cost made polypropylene high in demand
in this segment. The properties of polypropylene make this product more durable
and perform well in difficult situations.
Based on product
type, the market is divided into nonwoven geotextile, woven geotextile, knitted
geotextile. As per estimates, the nonwoven geotextile segment is going to
experience the highest market share during the forecast period. The ongoing
large-scale infrastructure product drives increasing demand for nonwoven
geotextiles in road, railway, and airport construction. Companies use nonwoven
geotextile for soil separation, filtration and embarkment to improve
performance, durability, strength, and low project cost.
Based on
application, the market is divided into road construction & pavement
repair, erosion, drainage, agriculture, and others. Road construction &
pavement repair are expected to account for a significant market share over the
next projected years. Road construction & pavement repair dominate
application types because most developing and developed countries invest in
road construction or maintenance for better connectivity. Hence, the demand for
geotextile in construction industries for better results will drive increased
growth in the market share of the geotextile market
Major operating
companies operating in global geotextile market are:
- BASF SE
- Covestro AG
- Solvay SA
- Koninklijke Ten Cate B.V.
- GSE Holdings, Inc.
- NAUE GmbH & Co. KG
- Officine Maccaferri S.p.A.
- Low and Bonar PLC
- Fibertex Nonwovens A/S
- Propex Operating Company, LLC
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“Asia-pacific
region is expected to dominate the market in the coming years due to its
increasing population and awareness. Asia-pacific is biggest market for
different industries duet to increasing population and growing economies. Many infrastructures
project such mining, road construction, tunnel, building, agricultural and
drainage system are under developing and upcoming. BRI, Sginature Project,
Asian Highway Project, PMGSY are few examples that government are intensively
planning on better road connectivity. To fulfill the housing demand the largest
population many new buildings project are going on in this region. Apart from this sewage system, increasing
mining activities and practice by manufactures for expand & reach to a
largest customer base with impact market growth and create favorable condition
to propel the global Geotextile Market growth till 2027.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Geotextile Market- Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2017-2027, Segmented By Material Type
(Polyester, Polyethylene, Polypropylene, and Others), By Product Type (Nonwoven
Geotextile, Woven Geotextile, and Knitted Geotextile), By Application (Road Construction & Pavement Repair,
Erosion, Drainage, Agriculture, Others), By Company (2021), By Region”,
has evaluated the future growth potential of global geotextile 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 global geotextile market.
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