Geotextiles Market Size & Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Geotextiles Market


The global Geotextiles market size is projected to reach US$ 10.15 billion by 2026, from US$ 5.14 billion in 2020, at a CAGR of 12% during 2021-2026. owing to increasing demand in drainage and erosion prevention applications.

Geotextiles are typically used to improve soils over which streets, pipelines, embankments, and earth holding structures are constructed. They consist of numerous materials including warp-knitted, open-mesh, and non-woven or closed fabric textiles. Primary functions of the product include filtration, separation, reinforcement, protection, and drainage. Geotextiles have filtration property that enables to separate water and other fluids from different solid particles. This filtration function is majorly used for drainage applications.

Geotextiles have gained immense popularity in the industry on account of their functional and performance advantage over other materials. Increasing demand for these products owing to growing population, rising industrialization, and rapid urbanization have amplified the growth in the emerging markets, resulting in a marked increase in the adoption of geotextile.

U.S. is among the largest markets for geotextile owing to its highly developed technology industries and advanced processing capabilities. The non-woven product segment is expected to dominate the U.S. geotextile market on account of high demand from road construction and drainage applications over the forecast period. In terms of revenue, the non-woven segment was valued at USD 452.4 million in 2018, and anticipated to progress significantly over the forecast period.

Market Segmentation, Outlook & Viewpoint: Global Geotextiles Market

Product Market Segmentation & Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  
Non-woven
  
Woven
  
Others

Material Market Segmentation & Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  
Polypropylene
  
Polyester
  
Polyethylene
  
Others

Application Market Segmentation & Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  
Road Construction
  
Erosion Prevention
  
Drainage
  
Others

Key Players, Recent Developments & Regional Insights: Global Geotextiles Market

In terms of volume, the non-woven product segment dominated the market and accounted for a share of 66.4% in 2018. It is estimated to hold the largest share in the market over the forecast period. Non-woven geotextile offers unique properties including high water permeability, absorbency, mechanical strength, and liquid repellency. Increasing consumption of non-woven geotextile in road construction is expected to drive its demand over the forecast period.

In terms of volume, the woven product segment stood at 1,604.6 million square meters in 2018 and anticipate to witness moderate growth over the forecast period. Woven geotextile products are witnessing increasing demand in erosion prevention applications on account of their favorable characteristics including excellent filtration properties and high tensile strength, which is expected to drive the market over the forecast period.

Material Insights

Natural and synthetic fibers are the key raw materials used to manufacture geotextiles. Synthetic fibers accounted for over 90.0% share in the overall market. Price fluctuation of raw material has a direct impact on the product price.
Synthetic fibers are usually made up of polyester, polypropylene,polyamide, and polyethylene. In terms of volume, polypropylene dominated the market, accounting for a share of 56.3% in 2018 and is anticipated to hold the largest market share over the forecast period. Polyethylene has availability and offers longer life span, which makes them suitable for road construction applications.

Polyester was the second-highest revenue generating segment of the industry, accounting for 24.8% share of the overall revenue in 2018. Polyester and Polyethylene anticipated to witness moderate growth over the forecast period.

Application Insights

In terms of volume, the road construction application segment dominated the market and held a share of 47.1% in 2018. Geotextiles are used for the establishment of road construction, as they support to hold soil together, consequently bringing about longer life span of roads.

In 2018, erosion prevention was the second largest application segment in terms of volume. Erosion brought about by natural catastrophes, such as tidal waves and floods, or because of intrusion of water on waterfronts and extreme rainfall is representing a gigantic risk all around. Geotextiles support in holding down the soil and advance vegetation growth. Utilization of these products assumes a noteworthy job in erosion prevention and helps to relieve soil erosion.

Utilization of these products in drainage applications is anticipated to grow at a moderate rate over the forecast period. Geotextiles utilized for wastes act as a porous separating agent that enables water to pass into drainage. These fabrics additionally help to anticipate obstructing of the drainage system by different materials and dirt particles from water.

Regional Insights

Asia Pacific is estimated to lead the global business over the forecast period, and is anticipated to account for 42.1% share of the overall revenue in 2025. Countries including China, India, and Japan are anticipated to influence the global geotextile industry during the forecast period. Growing investment by the governments in infrastructure development is expected to drive the demand for geotextile in the region.

New infrastructural advancements in numerous developing countries in Central and South America including usage of Growth Acceleration Program (PAC) by the Government of Brazil to pull ininvestments is estimated to fuel the industry growth. Subsequently, around 12,000 infrastructural projects have been going on in Brazil, which will fuel the demand for geotextile for use in filtration system, drainage, and soil fortification. On-going ventures identified with scene rebuilding in developed countries, including Japan and U.S., are expected to increase utilization of geotextiles over the forecast period.

Geotextile Market Share Insights

Key industry participants include Royal TenCate, GSE Holdings, NAUE, Officine Maccaferri, Low and Bonar, Propex, Fibertex, Fiberweb, Tenax, Agru America, Global Synthetic, Huesker, Typar, CTM Geo Synthetics, and Gayatri Polymers & Geosynthetics.

Companies are focusing on optimum business growth by introducing various growth strategies. Moreover, they are investing heavily in research and development in order to bring new products in the global market.

Key Insights Covered: Global Geotextiles Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Geotextiles industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Geotextiles industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Geotextiles industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Geotextiles industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Geotextiles industry.

Research Methodology: Global Geotextiles Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other