Geotextile Market worth 9.35 Billion USD by 2022

The report Geotextile Market by Material Type (Synthetic, Natural), Product Type (Nonwoven, Woven, Knitted), Application (Road Construction and Pavement Repair, Erosion, Drainage, Railway Work, Agriculture), and Region – Global Forecast to 2022″, The geotextile market is expected to be valued at USD 5.76 Billion in 2017 and is likely to reach USD 9.35 Billion by 2022, at a CAGR of 10.2% from 2017 to 2022.

Browse 209 Market Data Tables and 56 Figures spread through 102 Pages and in-depth TOC on “Geotextile Market – Global Forecast to 2022”

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The rising demand of geotextiles due to superior properties and low cost, high demand in road construction, and growing infrastructure activities in emerging economies are the key factors driving the growth of the geotextile market globally.

Synthetic geotextile is the fastest-growing material type segment of the geotextile market.

Based on material type, the synthetic geotextile segment is expected to grow at the highest CAGR from 2017 to 2022. Synthetic geotextile is widely utilized in the construction industry, majorly for separation and filtration applications. Within the synthetic geotextile segment; polypropylene and polyester (PET) are the preferred materials in the construction industry mainly due to the material being comparatively cheaper than other raw materials.

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Nonwoven geotextile is the fastest-growing product type in the geotextile market.

Based on product type, the nonwoven geotextile segment is expected to grow at the highest CAGR from 2017 to 2022. Nonwoven geotextiles are a preferred material for various application segments of geotextiles as they are capable of withstanding harsh conditions and challenging construction loads.

Road construction and pavement repair is the fastest-growing application segment of the geotextile market.

Based on application, the road construction and pavement repair segment is expected to grow at the highest CAGR from 2017 to 2022. Geotextiles help enhance the performance as well as the life of the road. Thus, there is a high demand for geotextile in this segment.

Asia Pacific is the fastest-growing regional segment of the geotextile market.

The geotextile market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, India, Japan, and South Korea are the key countries contributing to the high demand for geotextiles in the Asia Pacific region. Availability of cheap labor and raw materials has resulted in Asia Pacific to be the preferred region for expansion by various leading manufacturers across the globe, thus making the region to be fastest-growing geotextile market.

Some of the leading players operating in the geotextile market include Koninklijke TenCate (Netherlands), Low & Bonar (UK), Fibertex Nonwovens (Denmark), Thrace Group (Greece), Huesker (Germany), Berry Global (US), DuPont (US), Strata Systems (US), Leggett & Platt (US), Officine Maccaferri (Italy), GSE Environmental (US), Kaytech (South Africa), Mattex (Saudi Arabia), NAUE (Germany), Propex Operating Company (US), Carthage Mills (US), and Asahi Kasei Advance Corporation (Japan), among others.

Source by: https://www.marketsandmarkets.com/PressReleases/geotextiles.asp

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