The global geotextile fabric market size was worth around USD 6.55 Billion in 2021 and is predicted to grow to about 12.04 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.3% between 2022 and 2030.
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➤ Developed and developing countries alike are seeing a surge in the use of geotextiles to improve their road networks.
The building of roads, highways, bridges, flyovers, and numerous pavements relies heavily on geotextiles, a major material used for separation and filtration. These structures are essential for people’s mobility and commuting. As a result, geotextiles have quickly become a go-to for addressing issues with ground stabilization, facilitating water flow, increasing pavement life, lowering costs, and improving road longevity.
➤ The market’s expansion is hindered by the erratic fluctuations in raw material prices.
A wide variety of synthetic and natural fibers, such as polyester, polypropylene, and polyethylene, as well as ramie, jute, and coir, are utilized in the production of geotextiles. Global geotextile market is thus very sensitive to changes in raw material demand and availability. Further factors that could impede the market’s growth include geotextiles’ susceptibility to blockages and fluctuations in crude oil prices.
➤ Increased focus on water conservation, particularly in manufacturing, and the use of bio-based geotextiles are creating promising market potential.
As a result of climate change and other natural disasters, water is becoming increasingly scarce in many parts of the world. In response, governments are implementing stringent water conservation measures. The usage of bio-based geotextiles has also increased at an exponential rate. For example, jute’s affordability, abundant supply, high moisture-absorbing capacity, and renewable status make it an attractive material for a variety of uses, including its extensive usage as a natural geotextile.
➤ A hurdle to market growth in developing nations is the lack of information regarding geotextile.
One of the biggest obstacles to the growth of the worldwide geotextile fabric market is the fact that civil engineers in developing nations don’t employ geotextiles as much as they could since they don’t have enough technical knowledge, experience, or insight into the material’s qualities and applications.
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The Global Geotextile Fabric Market is segmented based on product, application and region
Global Geotextile Fabric Market: Product Segment Analysis
● Woven Fabric
● Non-Woven
● Knitted
Global Geotextile Fabric Market: Application Segment Analysis
● Road Construction and Pavement Repair
● Erosion
● Drainage
● Railway works
● Agriculture
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The global Geotextile Fabric market profiles key players such as:
● Fibertex Nonwovens A/S
● TENAX Group
● AGRU America
● Global Synthetics
● HUESKER Group
● Koninklijke Ten Cate B.V.
● GSE Holdings Inc.
● NAUE GmbH & Co. KG
● Officine Maccaferri S.p.A.
● Low and Bonar PLC
● Propex Operating Company LLC
● TYPAR
● Machina-TST
● Gayatri Polymers & Geo-synthetics
???? New Information:
• One of the leading custom plastic fabricators in Australia, Industrial Plastics, introduced two new products in December 2020: Geocells and Geotextile underlay fabric, which were part of its High-Density Polyethylene (HDPE) liner portfolio. Geotextiles, made of high-density polyethylene (HDPE), serve primarily as a protective layer. So, it’s crucial in a lot of projects to keep rocks and sharp objects from impaling the geomembrane. Contrarily, geocells are intentionally perforated structures that can hold various materials such as soils and granules.
• A new manufacturing facility in Daheli, Gujarat was announced in March 2019 by Strata Geosystems, a leading Indian provider of geotechnical engineering and soil reinforcement solutions. The facility would be aimed at meeting the increasing demand for geotextile fabric in the country.
➤ According to projections, the Asia-Pacific region will have the largest share of the worldwide market in the next years.
With a revenue share of over 54% in 2021 and an anticipated compounded yearly growth rate (CAGR) of 12.6% during the forecast period, the Asia-Pacific region is poised to dominate the global geotextile fabrics market. The presence of two of the world’s fastest-growing economies—China and India—is largely responsible for the region’s phenomenal market growth.
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