Geotextile Market
Geotextile Market Size, Share & Industry Analysis, By Product Type (Woven, Non-Woven, Knitted), By Material (Polypropylene, Polyester, Polyethylene, Others), By Application (Road Construction, Erosion Control, Railroad Work, Agriculture, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview:
“The global geotextile market is expected to grow at a CAGR of 10.3% from 2024 to reach USD XX million by 2024 and USD YY million by 2031.”
Asia-Pacific is the dominant region in the market. The growth of the geotextile market is driven by increasing investments in infrastructure development, growing environmental concerns, and rapid urbanization. Geotextiles are widely used in road construction, erosion control, and railroad work due to their excellent filtration, separation, and reinforcement properties. The market is also witnessing technological advancements and new product launches that are further fueling the growth.
Geotextile Market Dynamics:
Market Trend: Rising adoption of sustainable geotextiles
There is a rising preference for sustainable and environmentally friendly geotextiles derived from natural fibres such as jute, coir, and sisal. These geotextiles are biodegradable and have a smaller carbon impact than synthetic geotextiles. Manufacturers are focussing on creating novel sustainable geotextiles to meet the growing demand from environmentally conscious consumers and stricter environmental requirements.
Market Driver: Increasing investments in infrastructure development
The increasing investment in infrastructure construction, particularly in developing nations, is a major driver of the geotextile industry. Geotextiles are widely utilised in the construction of roads, highways, rail lines, and airports. The growing population and fast urbanisation are driving more spending on infrastructure projects, increasing demand for geotextiles. For example, China intends to invest about USD 1.5 trillion in infrastructure projects between 2020 and 2025.
Market Restraint: Fluctuations in raw material prices
The geotextile market is heavily influenced by price variations in raw materials such as polypropylene and polyester. Prices for these basic materials are determined by crude oil prices, which are highly variable. Rising raw material prices raise geotextile firms' production costs, thereby impacting their profitability. For example, from January to September 2021, the price of polypropylene grew by almost 20%.
Segment Overview:
The non-woven segment is expected to dominate the geotextile market during the forecast period.
The non-woven segment held the highest share of the geotextile market in 2020 and is likely to maintain its dominance during the forecast period. Nonwoven geotextiles are widely employed in a variety of applications due to their high permeability, filtration, and separation capabilities. The segment's rise is being driven by increased demand for road construction and erosion control applications.
TenCate Geosynthetics recently announced TenCate Mirafi RSi, a novel non-woven geotextile with improved mechanical and hydraulic qualities for demanding soil reinforcement applications. To meet rising demand, the company has installed a new non-woven geotextile production line at its location in Georgia, USA.
According to our research analysis, global demand for non-woven geotextiles is predicted to grow by 4.5% per year through 2024, reaching 1.7 billion square meters. The report also states that the Asia-Pacific region will account for the majority of the growth, driven by increased infrastructure building initiatives in nations such as China and India.
Regional Outlook:
Asia-Pacific is expected to dominate the geotextile market during the forecast period.
The Asia-Pacific region held the highest share of the geotextile market in 2020 and is likely to maintain its dominance during the forecast period. The region's market expansion is being driven by increased investment in infrastructure development, expanding urbanization, and growing environmental concerns.
China, India, and Japan are important contributors to Asia-Pacific's geotextile market growth. China is the world's largest geotextile market, backed by huge infrastructure initiatives such as the Belt and Road Initiative. The Indian government has also declared intentions to invest extensively in the construction of highways, railways, and ports, which is projected to increase demand for geotextiles in the country.
Garware Technical Fibres, an Indian geotextile company, recently doubled its production capacity to meet rising domestic demand. The company has established a new cutting-edge plant in Gujarat with an annual production capacity of 6,000 metric tonnes of geotextiles.
According to our research analysis , the Asia-Pacific geotextile market is predicted to develop at a CAGR of 12.3% from 2021 to 2028, reaching USD 3.3 billion in 2028. The report identifies increased government initiatives and investments in infrastructure development as the primary driver driving market expansion in the area.
Competitive Intelligence:
The geotextile market is highly competitive, with a number of global and regional participants. To increase their market position, the market's leading players are focussing on expanding their production capacity, releasing new products, and forming strategic collaborations.
Koninklijke TenCate, GSE Environmental, NAUE GmbH & Co. KG, Officine Maccaferri, and Low & Bonar are among the top geotextile manufacturers. Koninklijke TenCate is one of the world's largest geotextile manufacturers, with a significant presence in Europe and North America. The company provides a diverse spectrum of geotextiles for a variety of purposes, including road building, erosion control, and waste management.
GSE Environmental is another key market player with a strong commitment to sustainability. The company provides a variety of eco-friendly geotextiles created from recycled materials and has a strong position in the North American market. NAUE GmbH & Co. KG is a market leader in Europe, with a diverse product portfolio and excellent technical knowledge.
The market is becoming increasingly consolidated, with major mergers and acquisitions occurring in recent years. For example, in 2019, Solmax purchased GSE Environmental to expand its position in the North American market. Companies are also investing substantially in R&D to create new and inventive products that can meet the changing needs of their customers.
Analyst Opinion:
The geotextile market is expected to rise significantly in the future years, owing to increased investments in infrastructure development and rising environmental concerns. Rising usage of sustainable geotextiles, combined with technological improvements, is likely to open up new potential prospects for market players.
The Asia-Pacific region is likely to be the market's primary growth driver, owing to huge infrastructure investments and rising urbanisation. The North American and European markets are also predicted to rise steadily, owing to increased geotextile adoption in road construction and erosion control applications.
The non-woven sector is likely to maintain its market dominance due to non-woven geotextiles' superior characteristics and adaptability. However, the woven and knitted segments are also likely to rise significantly, driven by rising demand from specialist applications such as agriculture and mining.
To increase their market position, the market's top players are expected to focus on expanding their production capacities, releasing new products, and forming strategic collaborations. The market's rising consolidation is projected to enhance competition and result in the development of new companies.
Overall, the geotextile industry offers tremendous growth prospects for all stakeholders along the value chain. The market is likely to be driven by innovation and new product development as the focus shifts to sustainability and technological advancement.
Major Players:
-
Koninklijke TenCate
-
GSE Environmental
-
NAUE GmbH & Co. KG
-
Officine Maccaferri
-
Low & Bonar
-
Propex Operating Company
-
Fibertex Nonwovens
-
Thrace Group
-
Huesker Synthetic
-
Kaytech Engineered Fabrics
Key Developments:
-
Solmax bought TenCate Geosynthetics, a market leader in geosynthetic solutions for civil and environmental applications, in April 2022.
-
Thrace Group announced in January 2022 that it would expand its non-woven geotextile production capacity at its Greek factory.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Koninklijke TenCate
5.2. GSE Environmental
5.3. NAUE GmbH & Co. KG
5.4. Officine Maccaferri
5.5. Low & Bonar
5.6. Propex Operating Company
5.7. Fibertex Nonwovens
5.8. Thrace Group
5.9. Huesker Synthetic
5.10. Kaytech Engineered Fabrics (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising adoption of sustainable geotextiles
6.1.2. Technological advancements in geotextile manufacturing
6.1.3. Increasing use of geotextiles in environmental protection
6.2. Market Drivers
6.2.1. Increasing investments in infrastructure development
6.2.2. Growing environmental concerns and regulations
6.2.3. Rapid urbanization in developing countries
6.3. Market Restraints
6.3.1. Fluctuations in raw material prices
6.3.2. Limited awareness about geotextiles in some regions
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Woven Geotextiles
7.1.1. Monofilament woven geotextiles
7.1.2. Multifilament woven geotextiles
7.2. Non-Woven Geotextiles
7.2.1. Needle punched non-woven geotextiles
7.2.2. Thermally bonded non-woven geotextiles
7.3. Knitted Geotextiles
7.3.1. Warp knitted geotextiles
7.3.2. Weft knitted geotextiles
8. BY MATERIAL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Polypropylene
8.1.1. Virgin polypropylene geotextiles
8.1.2. Recycled polypropylene geotextiles
8.2. Polyester
8.2.1. Standard polyester geotextiles
8.2.2. High-tenacity polyester geotextiles
8.3. Polyethylene
8.3.1. HDPE geotextiles
8.3.2. LDPE geotextiles
8.4. Others
8.4.1. Natural fiber geotextiles
8.4.2. Biodegradable synthetic geotextiles
9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Road Construction
9.1.1. Highway construction
9.1.2. Rural road construction
9.2. Erosion Control
9.2.1. Coastal erosion control
9.2.2. Slope stabilization
9.3. Railroad Work
9.3.1. Track bed stabilization
9.3.2. Ballast separation
9.4. Agriculture
9.4.1. Soil stabilization
9.4.2. Drainage improvement
9.5. Others
9.5.1. Landfill applications
9.5.2. Mining applications
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Germany
10.2.2. United Kingdom
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Latin America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of Latin America
10.5. Middle East & Africa
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. South Africa
10.5.4. Rest of Middle East & Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Market Segment
Product Type
-
Woven Geotextiles
-
Non-Woven Geotextiles
-
Knitted Geotextiles
Material
-
Polypropylene
-
Polyester
-
Polyethylene
-
Others
Application
-
Road Construction
-
Erosion Control
-
Railroad Work
-
Agriculture
-
Others
Region
-
North America
-
Europe
-
Asia-Pacific
-
Latin America
-
Middle East & Africa
Frequently Asked Questions
We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.
We at aurorawaveintellects.com offer mainly 3 types of licenses:
• Single User: Research Report copy can be distributed to a single user only
• Multi User: Research Report distribution is restricted up to 5 users.
• Corporate License :Research Report can be distributed across the company.
Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:
• Word Document
• PPT
Following modes are available for making the payment:
• Online Payment (Visa Card, Master Card, Stripe)
• Razorpay
• Net Banking
• Bank Wire Transfer
Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:
• Email: info@aurorawaveintellects.com
• United Kingdom: ++91 7382742511