Geotextiles Market 2020-2024: Growth Forecast & Industry Share Report
Category: #business  By Rahul Sankrityayan  Date: 2020-01-16
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Geotextiles Market 2020-2024: Growth Forecast & Industry Share Report

Geotextiles Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Growing demand for non-woven and woven geotextile products in road construction helps in improving strength and provide reinforcement properties, increasing the life span of road structure and substantially reduce long-term maintenance costs. Booming infrastructure development in Europe will certainly fuel geotextiles market size.

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Speaking about numbers, the construction sector had amounted to 8.6% of the EU’s total GDP in 2016 and was anticipated to witness a steady growth of 3% in 2018. Europe geotextiles industry will witness profitable outlook, with a slew of construction projects in the pipeline. Favourable government initiatives and stringent regulations toward infrastructure development, water management and transportation are slated to signify high product demand in the region.

Apart from construction segment, consistent research alleviating Europe towards pioneering innovations in other segments include railroad and agriculture, besides boosting the utilization of high-performance materials for drainage application.

Global geotextiles market trends are witnessing a positive growth momentum owing to the booming agricultural and construction sectors. Replacement of aging infrastructure along with modern pavement design and maintenance techniques in urban areas will significantly prompt the use of geotextile products.

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Nowadays, geotextile has become an emerging concept for civil engineering and for many infrastructure applications like roads, drainage structures, landfills and other projects, offering a significant revenue potential worldwide.

Geotextiles have become among the extensively deployed construction materials to address increasing road traffic and environmental loads on roads and pavement rehabilitation in urban areas, two of the key issues that government agencies have to face. Utilization of geotextile and geotechnical fabrics has expanded rapidly in recent years for delivering performance enhancing and cost saving design choices for roadways.

For construction segment, geotextile has become one of the prominent choices as it:

  1. Helps in reducing the rate of deterioration and erosion
  2. Lowers the cost of operating vehicles by proving smooth running surface
  3. Improves the reliability of the road
  4. Enhances safety of road users

Rising number of construction projects to develop roads, ports, airports along with thriving government proposals to promote hi-tech railway projects signify notable target base for Asia Pacific geotextiles industry. Ongoing rapid urbanisation in the region has led to the surge in the requirement of modern infrastructure and expansive highway projects.

The usage of geotextiles in rural roads has opened the gateway for proven environment friendly technology that helps in reducing maintenance costs and provides greater durability. Reports suggest that China geotextiles market size is anticipated to contribute nearly 11.0% of the global share over the estimated time period.

Partial Chapter of the Table of Content:

Chapter 3 Geotextile Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2013 – 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Collaborations/Partnerships

3.3.2.2 Distributors

3.3.2.3 Contract Manufacturers

3.4 Regulatory landscape

3.5 Technology landscape

3.6 Raw material analysis

3.7 Pricing analysis

3.7.1 Polypropylene price trend

3.7.2 Polyester price trend

3.7.3 Polyethylene price trend

3.7.4 Jute price trend

3.7.5 Coir price trend

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 Asia Pacific

3.8.1.1.1 Increasing construction spending

3.8.1.1.2 Favorable guideline for development and usage of geotextiles

3.8.1.2 North America: Implementation of MARV and CBR Standards

3.8.1.3 Europe: Increasing construction activities

3.8.2 Industry pitfalls & challenges

3.8.2.1 Adverse environmental impacts of synthetic geotextiles

3.9 Innovation & sustainability

3.10 Growth potential analysis, 2017

3.10.1 Emerging Business Models

3.10.1.1 Joint ventures

3.10.1.2 Acquisition

3.10.1.3 New product launch

3.11 Porter’s analysis

3.12 Competitive landscape, 2017

3.12.1 Strategy dashboard

3.13 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ http://decresearch.com/toc/detail/geotextile-market

Prominent participants tailoring to global geotextiles demand include Royal Ten Cate, Terram Geosynthetics, Thrace plastics, and Belton Industries. Companies are focusing on strategic partnerships, collaboration, and acquisition to increase production capacity as well as to expand their global reach

Research advancements in recent years have broadened the application prospects of geotextiles industry and demonstrated the performance benefits across a variety of ground stabilization applications. According to Global Market Insights, Inc., global geotextile market size is poised to exceed a valuation of USD 10.7 billion by 2024.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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