Global Geotextile Fabric Industry is forecasted to grow from USD 5.75 billion in 2020 to USD 11.86 billion by 2028, 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 Fabric Industry growth include volatile raw material prices that affect synthetic geotextile demand.
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Key players operating in the market:
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 Fabric Industry is forecasted to grow from USD 5.75 billion in 2020 to USD 11.86 billion by 2028, 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 2028, 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 Fabric Industry. 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 2028, 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 2028, 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 2028, at a CAGR of 12.4%. The main Geotextile Fabric Industry 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
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Major factors driving revenue growth of the global materials chemicals industry are rise in global population, tremendous increase in demand for essential consumer products such as food beverages, cosmetics, and personal care hygiene products, and extensive use of chemicals and raw materials in industries including buildings construction, automotive, agriculture, textiles, packaging, electronics, and several other industries. Other major factors bolstering market revenue growth are increasing focus of manufacturers on using eco-friendly and sustainable materials chemicals for reduced environmental impact, introduction of organic and highly sustainable chemicals, and increasing demand for high-performance agrochemicals and specialty chemicals.
Growth Prospects:
The packaging sector has been attempting to gain momentum in the past couple of years on the back of the massive boom of the e-commerce industry. The market growth will be credited to the e-commerce transport and shipment, personal care, household, food and beverage, and healthcare sectors for convenience packaging.
These aspects have pushed leading players to dedicate their resources towards new packaging designs or to reinvent existing packaging designs to accommodate higher convenience and manageability, which will drive the global Geotextile Fabric Industry growth. The vintage packaging sector is also experiencing high demand, and even though it targets a limited consumer base, it is expected to grow at a rapid pace in the coming years.
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Market Segmentation:
The global Geotextile Fabric Industry is segmented in terms of product type, application, end-use, and region.
Product
Woven
Non-woven
Knitted
Application
Erosion
Drainage Control
Road Construction
Others
In market segmentation by geographical regions, the report has analysed the following regions-
North America
Europe
Asia-Pacific
Middle East and Africa
Latin America
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