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Redding, California - June 14, 2024

Geotextiles Market to be Worth $18.1 Billion by 2031

Geotextiles Market by Material (Synthetic, Natural), Product Type (Woven, Non-woven, Knitted), Application (Drainage, Separation, Erosion Control), Sector (Road Construction, Agriculture, Mining), and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Geotextiles Market by Material (Synthetic, Natural), Product Type (Woven, Non-woven, Knitted), Application (Drainage, Separation, Erosion Control), Sector (Road Construction, Agriculture, Mining), and Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the geotextiles market is projected to reach $18.1 billion by 2031, at a CAGR of 8.8% from 2024–2031. The growth of the geotextiles market is driven by the increasing construction projects in developing economies, growing investments in nonwoven geotextiles, and stringent regulatory frameworks for environmental protection. However, fluctuations in raw material prices restrain the growth of this market.

Furthermore, the growing consumption of bio-based geotextiles and innovation in geotextile materials are expected to generate growth opportunities for the stakeholders in this market. However, limited technical knowledge and expertise about geotextiles in emerging economies are major challenges impacting the market’s growth.

The geotextiles market is segmented by material (synthetic (polypropylene, polyester, polyethylene, polyamide, other synthetic materials), natural (jute, coir, other natural materials)), product type (woven geotextiles, non-woven geotextiles, knitted geotextiles), application (separation, drainage, reinforcement, filtration, erosion control, protection, asphalt overlays, other applications), sector (road construction, railway, coastal & river control works, agriculture, defense & security, mining, oil & gas, energy, building construction, other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on material, the geotextiles market is segmented into synthetic and natural. In 2024, the synthetic segment is expected to account for the larger share of above 87% of the geotextiles market. The large market share of this segment is attributed to the increasing use of synthetic geotextiles in road building, erosion control, and drainage applications; synthetic geotextiles being cheaper to produce and install compared to natural alternatives, and the growing focus on infrastructure development in emerging economies. In August 2021, Tensar International Corporation (U.K.) launched InterAx geogrids, a geosynthetic solution to address poor soil conditions and stabilize aggregate in roadways and other critical paved surfaces to enhance longevity and performanc. Moreover, this segment is also projected to register the highest CAGR during the period.

Based on product type, the geotextiles market is segmented into woven geotextiles, non-woven geotextiles, and knitted geotextiles. In 2024, the non-woven geotextiles segment is expected to account for the largest share of above 66% of the geotextiles market. The large market share of this segment is attributed increasing use of non-woven geotextiles due to their lightweight and flexible nature and being easy to handle and install compared to woven geotextiles; non-woven geotextiles being cheaper than woven alternatives, increasing investment in road construction, railways, and other projects requiring strong foundations and drainage solutions, and increasing use of non-woven geotextiles in applications requiring good drainage such as landfill construction and retaining walls. In August 2022, Willacoochee Industrial Fabrics, Inc. (U.S.) announced its investment in a new nonwoven geotextile manufacturing production line after announcing the addition of its new erosion control manufacturing facility. Moreover, this segment is also projected to register the highest CAGR during the forecast period.

Based on application, the geotextiles market is segmented into separation, drainage, reinforcement, filtration, erosion control, protection, asphalt overlays, and other applications. In 2024, the asphalt overlays segment is expected to account for the largest share of above 24% of the geotextiles market. The large market share of this segment is attributed to the growing need to maintain aging road infrastructure, growing traffic volumes, increasing sustainable construction practices, and developments in asphalt materials and construction techniques.

However, the drainage segment is projected to register the highest CAGR during the period. The segment's growth is attributed to the increasing demand for efficient drainage systems to manage stormwater runoff in urban areas, increasing government regulations mandating sustainable construction practices and proper stormwater management, and the growing need to improve drainage systems needed to mitigate flooding risks and protect coastal communities.

Based on sector, the geotextiles market is segmented into road construction, railway, coastal & river control works, agriculture, defense & security, mining, oil & gas, energy, building construction, and other sectors. In 2024, the road construction segment is expected to account for the largest share of above 45% of the geotextiles market. The large market share of this segment is attributed to the increasing investment in road construction projects, the shift of road authorities towards preventative maintenance strategies, the government promoting sustainable practices to strengthen the road foundation and improve drainage, and the increasing investments in infrastructure development in emerging economies. In April 2023, Singhal Industries Pvt. Ltd. (India) launched geotextile fabric to offer a cost-effective and sustainable solution for improving the quality and durability of unpaved roads.

However, the building construction segment is projected to register the highest CAGR during the period. The segment's growth is attributed to the growing population's rising demand for new housing units, commercial buildings, and infrastructure, the increasing use of geotextiles around building foundations to control soil erosion, the growing focus on sustainable building practices to minimize environmental impact, and the growing government policies and incentives for building construction.

Based on geography, the geotextiles market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 51% of the geotextiles market. The market growth in Asia-Pacific is driven by the rapid development and growing focus on infrastructure projects, including high-speed rail networks, highways, airports, and dams; the rapid pace of urbanization in the region leading to a growing demand for housing, commercial buildings, and related infrastructure; economic growth of many Asian countries fostering investment in construction projects; and increasing environmental regulations regarding soil erosion control and proper drainage management. In July 2023, Freudenberg Performance Materials (Germany) expanded its global geosynthetics production with a new line in Changzhou, China, to supply customers in the region with Enka Solutions for building, industrial, and civil engineering applications. Moreover, this region is also projected to record the highest CAGR of above 10% during the forecast period.

Key Players

The key players operating in the geotextiles market are Officine Maccaferri Spa (Italy), Koninklijke Ten Cate B.V. (Netherlands), Tenax Corporation (U.S.), HUESKER Synthetic GmbH (Germany), Thrace Group (Greece), Naue GmbH & Co. KG (Germany), Berry Global Inc. (U.S.), Global Synthetics Pty Ltd (Australia), AGRU America Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), Belton Industries (U.S.), Fibertex Nonwovens A/S (Denmark), Suntech Geotextile Pvt. Ltd. (India), SKAPS Industries (U.S.), and Asahi Kasei Corporation (Japan).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5919

Key Questions Answered in the Report:

What are the high-growth market segments in terms of the material, product type, application, and sector?
What is the historical market size for the geotextiles market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the geotextiles market?
Who are the major players in the geotextiles market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the geotextiles market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the geotextiles market, and how do they compete with other players?

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Redding, California - June 14, 2024

Geotextiles Market to be Worth $18.1 Billion by 2031

Geotextiles Market by Material (Synthetic, Natural), Product Type (Woven, Non-woven, Knitted), Application (Drainage, Separation, Erosion Control), Sector (Road Construction, Agriculture, Mining), and Geography - Global Forecast to 2031

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