Geotextiles Market Growth, Trends and Forecasts, 2012 To 2020| Hexa Research

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Geotextiles Market Share, Size, Analysis, Growth, Trends and
Forecasts, 2012 To 2020| Hexa Research
Global geotextile market size is likely to be valued at USD 8.24 billion by 2020; as per a new
research report by HexaResearch. Increasing use in soil reinforcement activity coupled with
growing application scope in road & railway development is likely to drive market growth.
Favorable government regulations in countries such as China, India, Brazil and UAE
supporting application development and employment creation in manufacturing industries is
likely favor geotextiles market growth. Lack of manufacturing standardization coupled with
fluctuation prices of raw materials such as polyester and polyethylene is anticipated to
challenge trade opportunities and profitability.
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Nonwoven geotextiles were the largest consumed product segment and accounted for over
65% of the total volume in 2013. Low cost and factors such as absorbency, mechanical
strength and liquid repellency make nonwoven products to be widely preferred in the
industrial applications. Woven products were the second largest consumed product and are
likely to witness significant gains, at an estimated CAGR of 9.0% from 2014 to 2020.
Key report insights suggest:
Global geotextiles market size was estimated 2389.2 million square meters in 2013 and
may register 4323.7 million square meters by 2020 growing with an estimated CAGR of
8.9% from 2014 to 2020.
Road construction applications dominated the market and accounted for 43.5% of the total
volume in 2013 and likely to witness significant growth rates. Laying road foun dation and
increasing road life span by strengthening weak soil are factors likely to drive demand for
this application. Drainage application is likely to witness above average growth rates with
an estimated CAGR of 8.9% up to 2020.
Asia Pacific dominated the regional market and accounted for 43.1% of the total volume in
2013. Increasing infrastructure spending which involves construction of dumps, highways
& dams in China and India are likely to drive regional demand. North America is likely to
witness above average growth rates of 9.0% from 2014 to 2020.
The top four companies account for over 30% of the overall demand in the highly
fragmented geotextiles market. Prominent companies involved are Royal TenCate, NAUE,
Low and Bonar, GSE Holdings, Argu America, Fiberweb, Tenex and Fibertex.
For the purpose of this study, HexaResearch has segmented the geotextiles market on the
basis of product, application and region:
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Hexa Research
Fact-based market research, penetrating industry insights and validated
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Global Geotextiles Product Overview (Volume, Million Square Meters; Revenue, USD
Million, 2012 – 2020)
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Nonwoven
Woven
Knitted
Global Geotextiles Application Overview (Volume, Million Square Meters; Revenue, USD
Million, 2012 – 2020)
 Roads
 Erosion Prevention
 Drainage
 Others
Global Geotextiles Product Overview (Volume, Million Square Meters; Revenue, USD
Million, 2012 – 2020)
 North America
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Europe
Asia Pacific
RoW
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Multiple functionality; flexible thickness & permeability and cost effectiveness in terms of fabric and labor are other factors augmenting geotextiles market growth.