Nonwoven geotextile market size should surpass USD 8.5 billion in sales by 2024. Increasing application in drainage, filtration, separation, and road construction owing to high chemical resistant and UV finish properties along with withstand against environment dynamics should drive industry growth.
Sellbyville, DE -- (SBWIRE) -- 10/29/2018 -- GMI presents a most up-to-date research on "Geotextile Market– Global Industry Analysis, Size, Share, By Material (Synthetic [Polypropylene, Polyester, Polyethylene], Natural [Jute, Coir]), By Product (Non-Woven, Woven, Knitted), By Application (Road Construction, Erosion Control, Pavement Repair, Drainage, Railroad, Agriculture) Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, South Africa, UAE, Saudi Arabia)and Forecast 2017 – 2024".
Positive indicators towards increasing application scope in erosion control, agriculture, drainage and construction should drive product demand. Synthetic based products are majorly used in applications which include railways, road construction, airports, tunnels and bridges.
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Geotextile Market is likely to surpass USD 12 billion by 2024; according to a new research reports.
Global geotextile market should exceed consumption of 10 billion square meters by end of 2024. Positive outlook for growth in infrastructure spending particularly in India, Thailand, Malaysia and China along with rapid urbanization should drive product demand.
Synthetic fiber products are based on polyethylene, polypropylene and polyester. Polypropylene geotextiles market should witness significant gains & surpass USD 6.5 billion by end of 2024. It finds major application in road construction owing to its longer shelf life and easy availability. High strength properties are suitable for stabilization, slope support and erosion control.
Nonwoven based products should register gains at above 11% by end of forecast timeframe. They find major applications in filtration, separation, road construction and drainage due to its UV based finish properties and enhanced chemical resistance.
Jute based products can emerge as better alternatives to synthetic based products in numerous civil applications. Jute geotextiles demand should witness gains of over 9.5% by 2024. They are mostly used for soil erosion applications which includes river banks, bridge abutments, culvert, road slopes and residential.
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U.S. geotextile market from woven products should witness gains at over 10.5% by 2024. Positive indicators for its use in constructing roads for separating layers and ensure stability of underground pavement & road should drive product demand in the region.
Europe, led by UK, France and Germany geotextiles market, may witness gains at over 9%. Road and Rail authorities have released publications for numerous standards & norms for wastewater and solid waste management.
UK geotextiles demand from drainage based applications should witness gains at over 9.5% by end of forecast timeframe. These products are used in civil industry for removal of moisture or fine particles.
China geotextile market from railroad based applications should witness gains at over 11%. Product selection for railroad applications include factors such as drainage conditions, track structure, traffic and maintenance requirements.
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Global geotextiles market share is moderately fragmented and some of the industry participants include GSE, Royal TenCate, Hueskar, Tenex, Typar and Fibertex. The companies may witness consolidation in the form of mergers & acquisitions, technological collaborations and joint ventures to expand their regional presence & enhance product portfolio.