Geotextile Market to be dominated by Road Construction & Pavement Repair Segment through 2027

Increasing number of development, infrastructure and agricultural activities to drive the demand for Geotextile in the forecast period, 2023-2027.

According to TechSci Research report, “Geotextile Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global geotextile market is anticipated to grow at a significant rate in the forecast period, 2023-2027. Increasing construction, mining, agricultural activities, and packaging products in the logistic industry make this market one of the emerging industries in the projected year. Most developing economies are worried about their infrastructure to attract multinational companies and invest in new infrastructure development projects. Developed countries have good infrastructure but need maintenance to keep them safe and usable. In agriculture, geotextile is used to keep plants from direct exposure to sunlight, temperature, and water. The large size of the population is expected to suffer from dental problems in the projected year as the fast-moving lifestyle is now common in developing as well as in developed countries. Technicians of mining industries are demanding geotextile due to soil holding, embarkment and filtration capacity. Thus, the above-given factors will drive the growth, and it is expected that the geotextile market will experience impressive market share in the projected year. In the north American region, construction industries contribute almost 4.2% of the national economy, which is more than 1 trillion USD in market size. Thus, it is expected to growth in the market size of geotextile products in North America through 2027.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Geotextile Market"

The global geotextiles market is segmented based on material type, on product type and on application, on regional distribution, and on competitive landscape.

Based on the material type, the market is bifurcated into polyester, polyethylene, polypropylene, and others. The polypropylene segment is expected to hold the largest market share and is expected to continue its dominance in the forecast period. Due to high chemical resistance over acid in a different situations, high strength, high flexibility, and low cost made polypropylene high in demand in this segment. The properties of polypropylene make this product more durable and perform well in difficult situations.

Based on product type, the market is divided into nonwoven geotextile, woven geotextile, knitted geotextile. As per estimates, the nonwoven geotextile segment is going to experience the highest market share during the forecast period. The ongoing large-scale infrastructure product drives increasing demand for nonwoven geotextiles in road, railway, and airport construction. Companies use nonwoven geotextile for soil separation, filtration and embarkment to improve performance, durability, strength, and low project cost.

Based on application, the market is divided into road construction & pavement repair, erosion, drainage, agriculture, and others. Road construction & pavement repair are expected to account for a significant market share over the next projected years. Road construction & pavement repair dominate application types because most developing and developed countries invest in road construction or maintenance for better connectivity. Hence, the demand for geotextile in construction industries for better results will drive increased growth in the market share of the geotextile market

Major operating companies operating in global geotextile market are:

• BASF SE
• Covestro AG
• Solvay SA
• Koninklijke Ten Cate B.V.
• GSE Holdings, Inc.
• NAUE GmbH & Co. KG
• Officine Maccaferri S.p.A.
• Low and Bonar PLC
• Fibertex Nonwovens A/S
• Propex Operating Company, LLC

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“Asia-pacific region is expected to dominate the market in the coming years due to its increasing population and awareness. Asia-pacific is biggest market for different industries duet to increasing population and growing economies. Many infrastructures project such mining, road construction, tunnel, building, agricultural and drainage system are under developing and upcoming. BRI, Sginature Project, Asian Highway Project, PMGSY are few examples that government are intensively planning on better road connectivity. To fulfill the housing demand the largest population many new buildings project are going on in this region.   Apart from this sewage system, increasing mining activities and practice by manufactures for expand & reach to a largest customer base with impact market growth and create favorable condition to propel the global Geotextile Market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Geotextile Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Material Type (Polyester, Polyethylene, Polypropylene, and Others), By Product Type (Nonwoven Geotextile, Woven Geotextile, and Knitted Geotextile),      By Application (Road Construction & Pavement Repair, Erosion, Drainage, Agriculture, Others), By Company (2021), By Region”, has evaluated the future growth potential of global geotextile and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global geotextile market.

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