The global geotextiles market is expected to exhibit a strong 6% CAGR over the forecast period from 2021 to 2028, according to the latest research report from Market Research Future (MRFR). The global geotextiles market is primarily driven by the growing demand for drainage materials in infrastructure construction, where geotextiles show enhanced performance and have thus become the material of choice. The report looks at the major drivers and restraints affecting the global geotextiles market and presents forecasts as to the likely impact of these factors on the market over the forecast period. The economic background of the global geotextiles market is studied in detail in order to provide forecasts as to the extent of the impact of these drivers and restraints on the market. The relevance of the major drivers and restraints operating on the market in terms of the present economic scenario is also explained in detail in the report.
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Geotextiles are widely used in construction and agricultural applications in order to enable smooth drainage of wastewater and other liquids. They are made from synthetic or natural fibers and are used in other applications such as dams, landfills, and sediment control. The growing demand for infrastructural development in emerging regions around the world is likely to be a major driver for the global geotextiles market. Dams are being constructed in a number of countries around the world in order to fulfill the need for drinking water. This has led to a growing demand for geotextiles in order to provide drainage support, increase the mechanical strength of the construction, and to increase resistance to extreme wave action. This is likely to be a major driver for the global geotextiles market. The growing demand for geotextiles in agricultural applications in order to ensure better drainage is also likely to be a major driver for the global geotextiles market.
The increasing demand for road construction is likely to be the prime driver for the global geotextiles market. Road construction requires effective drainage solutions, as considerable amounts of water can get accumulated on road surfaces and cause various problems, including difficulties in commuting on the given road. The increasing road construction in China, India, and other emerging countries is likely to be a major driver for the global geotextiles market.
Competitive Analysis:
Leading players in the global geotextiles market include GSE Environmental, TenCate Geosynthetics, Officine Maccaferri SpA, DuPont de Nemours Inc., NAUE GmbH Co. KG, AGRU America Inc., Berry Global Inc., Propex Operating Company LLC, Thrace Group, Fibertex Nonwovens A/S, TENAX SpA, and Huesker.
Developing environmentally viable geotextiles is likely to be a major development channel in the global geotextiles market, as leading players are likely to focus on the same in order to increase their allure for consumers.
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Segmentation:
The global geotextiles market is segmented on the basis of material, product type, end use, and region.
By material, the global geotextiles market is segmented into synthetic and natural fibers. Synthetic fibers held the largest share in the global geotextiles market in 2018 due to their easy availability, low costs, high tensile strength, and superior creep resistance. The chemical inertness of synthetic fibers is also an important characteristic.
By product type, the global geotextiles market is segmented into non-woven, woven, knitted, and others. The non-woven segment is likely to dominate the global geotextiles market over the forecast period.
By end use, the global geotextiles market is segmented into transportation, environmental, energy and water resources, building site infrastructure, agriculture, and others. The increasing road and airport construction around the world is likely to drive the transportation segment of the geotextiles market at a robust growth rate over the forecast period.
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Regional Analysis:
Asia Pacific held the largest share of 40% in the global geotextiles market in 2018 and is likely to remain the largest contributor to the market over the forecast period, primarily due to the growing road and dam construction activities in developing economies in the region. China is likely to be a global leader in the global geotextiles market over the forecast period.
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