Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.55 Billion | USD 12.04 Billion | 6.3% | 2021 |
The global geotextile fabric market size was worth around USD 6.55 Billion in 2021 and is predicted to grow to about 12.04 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.3% between 2022 and 2030.
The report analyzes the global geotextile fabric’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the geotextile fabric market.
Geotextile fabrics are among some of the most utilized synthetic fibers that are essentially engineered these days to provide an economical solution in order to attain various requirements in the industry. In fact, geotextiles are manufactured through synthetic materials. Due to their impressive resistance to biodegradation and high permeability, they are extensively used in the construction of roads, deep drainage trenches, land reclamation, and various other civil engineering applications in a number of sectors. Woven geotextile fabrics are actively used in numerous applications due to their immense stability, high strength, and exceptional performance. These mighty fabrics are created from virgin fiber polypropylene, which provides high-grade mechanical properties that are ideal for undertaking heavy construction projects.
Key Insights
Rising demand for geotextiles in enhancing road infrastructure in developed and developing nations
Geotextiles are one of the most prominent materials that are used in the construction of roads, highways, bridges, flyovers, and multiple pavements for separation and filtration purposes that serve as an important element in maintaining and enhancing mobility and commuting among people. Thus, geotextiles have rapidly emerged as an excellent solution to counter ground stabilization problems, allow free movement of water, enhance pavement life, control cost, and provide a much better lifespan of roads.
Therefore, geotextiles have become a remarkable alternative for concrete for the future of the road industry in both developed and developing countries across the globe. All these factors are projected to drive the global geotextile fabrics market volume during the forecast period.
Irregular changes in the prices of raw materials restrict the growth of the market
Geotextiles are largely manufactured with the help of various synthetic fibers including polyester, polypropylene, polyethylene and even natural fibers be it ramie, jute, or coir. Thus, even a minor change in the demand and supply of raw materials can notably impact the global geotextile market. Besides, the vulnerability of geotextiles to blockage and changes in the prices of crude oil can further hinder the growth of the market.
Growing awareness about the conservation of water especially in manufacturing industries and adoption of bio-based geotextiles to offer lucrative opportunities for the market
Various countries around the globe are facing fierce water scarcity particularly due to climate change and natural phenomena and hence nations are adopting effective several water conservation procedures in various countries to counter the growing problem of water scarcity. In addition, there has been an exponential surge in the adoption of bio-based geotextiles. For instance, jute is widely used as a natural geotextile due to its renewable nature, large availability, high moisture-absorbing capacity, and cost-effectiveness, which makes it an ideal material for numerous applications.
Lack of awareness about geotextile in developing countries acts as a challenge for market growth
Decreased use of geotextiles among civil engineers in developing countries due to a lack of technical knowledge, expertise, and notable insight about its properties and application act as a major challenge for the expansion of the global geotextile fabric market.
The global geotextile fabric market is segmented based on material, application, product, and region.
Based on material, the global market is bifurcated into polypropylene, polyethylene, polyester, and other materials. The polypropylene segment held the largest market share in 2021 contributing 56% share of the market. Polypropylene is a synthetic geotextile that offers incredible resistance against inorganic salts and chemicals. In addition, it is way cheaper when compared to other raw materials. Furthermore, the impeccable heat resistance of polypropylene fibers makes them a considerable option for various applications in the construction industry. Besides, high-density polyethylene (HDPE) is also extensively utilized in the textile industry. Thus, this segment is likely to continue its dominance further during the forecast period.
Based on application, the global market is bifurcated into road construction and pavement repair, erosion, drainage, railway works, agriculture, and other applications. The road construction and pavement repair segment held the largest market share in 2021, holding about 45% of the market share, and is further expected to grow at a promising compounded annual growth rate (CAGR) of 10.23% during the forecast period.
The growth of this segment is mainly attributed to the rising need for improved road infrastructure among developing nations and the subsequent surge in government funding. These funds are essentially used to combat ground stabilization problems, rehabilitate national highways, and improve pavement life and lifespan of roads. For instance, the National Green Highway mission, the reconstruction of Mangalore Adani Airport, and the construction of various bridges and tunnels in India are expected to drive the growth of the geotextiles in the country. These factors are expected to influence segmental growth during the forecast period.
Recent Developments:
Report Attributes | Report Details |
---|---|
Report Name | Geotextile Fabric Market Research Report |
Market Size in 2021 | USD 6.55 Billion |
Market Forecast in 2030 | USD 12.04 Billion |
Compound Annual Growth Rate | CAGR of 6.3% |
Number of Pages | 162 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Fibertex Nonwovens A/S, TENAX Group, AGRU America, Global Synthetics, HUESKER Group, Koninklijke Ten Cate B.V., GSE Holdings, Inc., NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Low and Bonar PLC, Propex Operating Company, LLC, TYPAR, Machina-TST, Gayatri Polymers & Geo-synthetics. |
Segments Covered | By Material, By Application, By Product, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific region is expected to dominate the global market during the forecast period
The Asia-Pacific region held the largest global geotextile fabrics market share, accounting for about 54% share of the revenue share in 2021, and is further expected to cite a promising compounded annual growth rate (CAGR) of 12.6% during the forecast period. The astounding growth of the market in this region is majorly due to the presence of one of the fastest growing economies in the world in this region namely, India and China.
Over the last two decades, China has witnessed rapid economic growth, that resulted in striking investments in the building and infrastructure sector. The immense availability of usable land in this region is set to drive overall infrastructure development in the country. The Chinese government has undertaken phenomenal investments in futuristic infrastructure projects, which are expected to boost geotextile demand in the country. In India, some of the colossal projects, like Inland Waterways, Rashtriya Rajmarg Zila Sanjoyokta Pariyojna, Bharatmala Project, Sagarmala Project, Setu Bharatam Project, and are being undertaken and efficiently managed that are projected to subsequently drive the demand for geotextiles in the country during the forecast period. In addition, the construction of megacities and increased foreign investments in India and China are further expected to significantly contribute to the economic growth of these nations.
The global geotextile fabrics market is dominated by players such as:
By Material
By Application
By Product
By Region
FrequentlyAsked Questions
The major factors responsible for the growth of the global geotextile fabric market include rapid industrialization and urbanization, the increased importance of geotextiles in numerous construction applications such as roads, drainage, bridges, highways, and growing need for erosion control and soil stabilization.
The global geotextile fabric market size was worth around USD 6.55 Billion in 2021 and is predicted to grow to about 12.04 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.3% between 2022 and 2030.
The global geotextile fabrics market growth is expected to be driven by the Asia Pacific region. The main reason for the growth of the market is an increase in investment from the government and banks for road infrastructure, rapid urbanization, and exponential growth of the economy of the countries in this region.
The global geotextile fabric market is dominated by players like Fibertex Nonwovens A/S, TENAX Group, AGRU America, Global Synthetics, HUESKER Group, Koninklijke Ten Cate B.V., GSE Holdings, Inc., NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Low and Bonar PLC, Propex Operating Company, LLC, TYPAR, Machina-TST, Gayatri Polymers & Geo-synthetics.
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