The Geotextile Market was 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. Growing consumption of bio-based geotextiles and rising investments in nonwoven geotextiles present growth opportunities for the global geotextile market.
Geotextiles are durable fabrics that are used for soil stabilization and increase the surface strength of the location. They are used in various fields of civil engineering such as hydraulic engineering, landfill engineering, road construction, and tunnel construction to prevent granular layers from contaminating one another. Geotextiles enhance durability and reduce construction costs associated with a project.
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Based on product type, the nonwoven geotextile segment is expected to grow at the highest CAGR from 2017 to 2022. The flexibility and elongation properties and the ability to provide high puncture resistance without sacrificing the friction of filtration properties have resulted in a growing demand for nonwoven geotextiles.
Among material type, the synthetic geotextile segment is expected to grow at the highest CAGR from 2017 to 2022. The superior properties of these materials such as durability, flexibility, degradability, and availability at a cheaper price are the key factors driving the growth of the segment.
Based on application, the road construction and pavement repair segment of the geotextile market is expected to grow at the highest CAGR during the forecast period. Geotextiles are widely used for filtration and separation applications in road construction and pavement repair to prevent migration and mingling of materials while allowing free movement of water.
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Asia Pacific, North America, and Europe are the major regional markets for geotextile. Various leading players have been carrying out strategic expansion activities such as plant expansions, product launch, and supply contracts in the region to meet the growing demand for geotextiles in these regions. Growing demand from the construction and agriculture industries has resulted in a high demand for geotextile. Rising infrastructure activities in Asia Pacific have been driving the demand of geotextile in the region. Various leading players have been carrying out strategic expansion activities in Asia Pacific to meet the growing demand from various end users.
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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