The global geotextile industry is fragmented with numerous players marking their presence across the value chain. Some of the key players operating in the market include Maccaferri, SE Holdings, Officine, Royal TenCate, and NAUE. Product development is one of the key strategies adopted by leading players in order to gain a competitive edge, states a new report by Transparency Market Research (TMR). Mergers and acquisitions with local as well as established global players aimed at strengthening their market reach and distribution network across the globe, is another key strategy implemented. According to the report, the global geotextile market is anticipated to be worth US$6.4 bn by 2018. By volume, the global geotextile market will be 3,398.4 mn square meters by 2018. By product, the woven fabrics is expected to witness a rapid growth in the coming years. On the basis of geography, Europe geotextile market is projected to be worth US$1,647.7 mn by 2018.
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