Geotextile Market worth $9.4 billion by 2022
The Geotextile Market size is estimated to be USD 5.8 billion in 2017 and is projected to reach USD 9.4 billion by 2022, at a CAGR of 10.2%. Superior properties, low cost, high demand in road construction, and growing infrastructure activities in emerging economies are the key factors driving the geotextile market globally.
Browse 209 Market Data Tables and 56 Figures spread through 102 Pages and in-depth TOC on "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"
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Synthetic geotextile to be the largest segment during the forecast period.
Based on material type, the synthetic geotextile segment is projected to register the highest CAGR between 2017 and 2022. Synthetic geotextile is widely used in the construction industry, majorly for separation and filtration applications. Within the synthetic geotextile segment, polypropylene and polyester are the preferred materials in the construction industry, mainly due to their lower cost than that of other raw materials.
Road construction and pavement repair is the fastest-growing application segment of the geotextile market.
Based on application, the market in the road construction and pavement repair segment is projected to register the highest CAGR between 2017 and 2022. Geotextiles enhance both the performance and life of the road. This is driving the demand for geotextile in this segment.
Asia Pacific is the largest geotextile market.
Asia Pacific is the largest geotextile market. China, India, Japan, and South Korea are the key countries contributing to the high demand for geotextiles in the region. Availability of low-cost labor and raw materials has resulted in Asia Pacific to be the preferred location 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.
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