Geotextiles Market Growth, Margin Analysis, Industry Leading Players Update, Business Prospect and Industry Research Report 2030
Market Synopsis
According to MRFR the analysis, the Global Geotextile
Market Growth was valued at more than USD 5 billion in 2018 and
is expected to reach over USD 10 Billion by the end of 2025 at
a CAGR of 10.8%.
Geotextiles are permeable textile materials and are among the
most widely used geosynthetic materials for filtration, separation, drainage,
reinforcement, and stabilization purposes. The key raw materials used include
polypropylene and polyester (synthetic fibers) and natural fibers (jute, flax,
sisal). Geotextiles are ideal materials in the construction of roads,
landfills, harbors, dams, drainage structures, and other civil projects.
Mechanical responses, high impact strength, scour and erosion protection,
resistant to extreme wave action, and chemical resistance are some of the key
characteristics exhibited by geotextiles, owing to which they are widely used
in the applications. The increasing demand for geotextiles in the construction
of roadways and growing infrastructure developments across the globe are
expected to be the primary drivers of the global Geotextile Market
Growth.
Pricing Analysis
In 2018, the price of geotextile varied from USD 0.75 to
1.6 per square meter, which is witnessing an upward trend. In 2019,
the price has slightly declined owing to the decline in price of polypropylene.
These fluctuating prices of polypropylene and other polymers are expected to
affect the prices of geotextiles during the forecast period.
SEGMENTATION
By Material
- Synthetic
Fibers: The synthetic fibers segment accounted for a market
share of over 85% of the global market in 2018. The
synthetic fibers segment is further divided into
polypropylene, polyester, polyamide, and others. Polypropylene is the most
widely used polymer in the manufacturing of geotextiles
owing to its high tensile strength, low cost, ease of
availability, and chemical inertness. It has low density,
which results in a very low cost per unit volume.
- Natural
Fibers: The natural fiber-based geotextiles are
bio-degradable and are gaining popularity in the global
market on account of their eco-profile and are ecologically
compatible. Natural fibers such as jute, hemp, and coir are generally
applicable in temporary reinforcements and erosion-control
uses of geotextiles.
By Product Type
- Non-Woven:
Non-woven geotextiles provide the best combination of the
three functions (filtration, drainage, and reinforcement)
and are hence used in the major applications including
subsurface drainage, roadway separation, railroad stabilization, leachate
management in landfill cells, and subsurface
retention/detention systems. The increasing construction activities
and growing use of geotextiles in the erosion control sector
are expected to propel the market growth.
- Woven:
Woven geotextiles exhibit high tensile strength at low
elongation (high tensile modulus) and help reduce rutting
and extend the life of paved and unpaved roadways.
Additionally, woven geotextiles are effective in controlling sediment
runoff on construction sites, owing to which are gaining
popularity in the global market. The increasing roadbuilding
and embankment construction activities are expected to fuel
the demand for woven geotextiles in the coming years.
- Knitted:
The segment held the least share of the global market in
2018. However, knitted geotextiles offer some advantages
over woven geotextile, including exceptional tear strength,
can incorporate an additional fabric to form a true composite
geotextile, and are light in weight.
- Others
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By End-Use
- Transportation:
The largest and the fastest-growing end-use segment. The
expanding construction industry and increasing investments
by governments in the emerging economies (India, China,
Indonesia, and GCC, among others) for infrastructure
development are expected to fuel the growth of the segment during the
forecast period. The major investments such as announcement
of USD 63.20 billion by the Indian Government for
infrastructure development and a total expected investment
of around USD 220 billion by the Chinese
government for 27 major infrastructure projects are expected
to boost the construction of roads and other transportation
facilities in the region. Furthermore, initiation of various
airport construction projects in the US, Brazil, Mexico, India,
and China, are further expected to boost the demand for geotextiles
in the construction of road pavement in these airports.
- Environment:
The stringent regulations pertaining to water pollution
across the globe and growing need for construction of
drainage systems and waste containment are among the major
factors driving the growth of the segment. Moreover, the
increasing demand for geotextiles in the erosion control sector is further
expected to drive the market growth.
- Energy
& Water Resources: Rising need for efficient water
storage water storages due to the global water crisis, is
driving the demand for geotextiles in the construction of
canals, dams and reservoirs, and irrigation channels. Increasing
construction of dams for generating hydroelectricity is further
expected to boost the demand for geotextiles in this
application during the forecast period.
- Building
Site Infrastructure
- Agriculture
- Others
By Region
- North
America: Market growth is driven by the demand for reducing
pollution of water resources by use of geotextiles in
erosion and slope stabilization in oil fields.
- Europe:
A well-established market.
- Asia-Pacific:
The largest and fastest-growing regional market.
- Latin
America: A small regional market yet is projected to
register healthy growth considering the upcoming airport
construction projects, which is likely to fuel the demand
for geotextiles in Latin America.
- Middle
East & Africa: Expanding construction sector in UAE and
Saudi Arabia owing to which it is one of the fastest-growing
regional market.
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