Nonwoven 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 Nonwoven Geotextiles Market


The global Nonwoven Geotextiles market size is projected to reach US$ 7.39 billion by 2026, from US$ 5 billion in 2020, at a CAGR of 6.7% during 2021-2026. Government policies for the use of geotextiles in infrastructural development of inaccessible hilly areas, in emerging economies such as China and India, is likely to drive product demand. In addition, favorable regulations pertaining to the use of geotextiles for erosion prevention can complement the growth. Furthermore, technological developments regarding Geosynthetic Reinforced Walls (GRS) is anticipated to drive the product demand.

Increasing demand for nonwoven geotextiles is attributed to their properties including separation, filtration, reinforcement, drainage, and protection of soil. Substances and particles present in soil vary in size and may lead to one undesired mixture due to the mechanical stress and wear and tear. Nonwoven geotextiles aid in separation of these materials, thereby enabling passage of water while retaining the soil particles. This process is utilized during the construction of roads, pavements, and fields. The product can enhance safety in terms of the lifespan of roads, dams, and embankments, which in turn is also expected to drive the demand.

Rise in construction of roadways and drainage systems in Asian countries, such as China, India, and Japan is expected to boost market growth over the forecast period. In addition, rising awareness regarding soil erosion leading to environmental problems such as deforestation and greenhouse effect is projected to enhance product demand in the forthcoming years.

Volatility in crude oil prices is expected to be a significant challenge for manufacturers as the key raw materials, such as polypropylene, polyester, and polyamides, are crude oil derivatives. However, increasing focus on the development of eco-friendly and sustainable geotextiles is projected to propel the demand for jute and coir as raw materials.

Market Segmentation, Outlook & Viewpoint: Global Nonwoven Geotextiles Market

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 Nonwoven Geotextiles Market

Geotextiles prevent soil erosion by engaging a net or mat-like structure. This boosts germination in the area and enables vegetation, leading to the growth of a stable top layer owing to a strong and deep root system. In addition, the attributes such as high soil retention, easy installation, and cost-effectiveness are expected to drive the product demand in numerous applications including construction of roads, railway cuts and fills, irrigation canals, and motorways. The market growth can be attributed to the increasing need to protect riverbeds from corrosion and to control infrastructural damage caused by erosion of shorelines. The product is gaining popularity as it can protect soil erosion caused by wind and water.

Geotextiles are largely used to control erosion, as they reinforce soil and promote vegetation. They are also used in maintenance applications, which is likely to drive the demand over the forecast period. In addition, the product is used for erosion control in lakes and stream banks, thereby augmenting the demand. The nonwovens find application in the maintenance and repair of roadways, waterways, and landfills as they aid in reducing clogging by separating sediments and soil from water. This is projected to drive the demand from civil engineering industry, especially drainage application.

Regional Insights

Drainages play an important role in infrastructure development. Infrastructural growth in China has led to increased use of geotextile in drainage systems. Geotextiles are becoming an integral part of modern infrastructural development owing to numerous advantages, this in turn is expected to impact the product demand positively over the forecast period.

In Italy, drainage application segment is expected to witness a CAGR of 6.5% over the forecast period owing to application in trench drains as perforated pipes wrapping. In addition, the product is used for protection from soil erosion, separating the base course and sub-base of the roads during road construction, and combining it with 3D structures for creating prefabricated drains.

Middle East and Africa is anticipated to showcase significant growth over the forecast period owing to abundant availability at low cost. The product is used in road construction to provide tensile strength in the earth mass, which aids in increased water permeability of constructed roads.

Reduced rate of inflation in Asia Pacific has resulted in the decline of commodity prices and the growth of local currencies. Increased foreign investments in emerging economies, such as China and India is anticipated to have a positive impact on regional economic growth. Furthermore, rising megacities in China and India coupled with rapid infrastructure development in the region is expected to propel product demand in near future.

Nonwoven Geotextiles Market Share Insights

The market is is highly fragmented on global level, while it is consolidated at regional level. The local markets are dominated by the presence of a large number of similar-sized players, resulting in an oligopolistic market, characterized by consistently similar pricing strategies.

Low entry barriers are anticipated to create attractive opportunities for new entrants, thereby increasing the competitive rivalry. The prominent players in the industry include Royal TenCate; GSE Holdings, Inc.; NAUE Group; and Officine Maccaferri S.p.A. They focus on technological innovations to obtain a significant market share.

Key Insights Covered: Global Nonwoven Geotextiles Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Nonwoven Geotextiles industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Nonwoven 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 Nonwoven Geotextiles industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Nonwoven Geotextiles industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Nonwoven Geotextiles industry.

Research Methodology: Global Nonwoven 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