PUBLISHER: Lucintel | PRODUCT CODE: 1456125
PUBLISHER: Lucintel | PRODUCT CODE: 1456125
Geotextile Trends and Forecast
The future of the global geotextile market looks promising with opportunities in the erosion control, reinforcement, drainage system, lining system, asphalt overlays, separation & stabilization, and silt fences markets. The global geotextile market is expected to reach an estimated $4.1 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing civil engineering activity as a result of developing nations' quick industrialization and urbanization, rising environmental awareness of soil erosion, as well as, growth in the need for geotextiles in the construction of roads worldwide.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Geotextile by Segment
The study includes a forecast for the global geotextile by material, product, application, and region.
List of Geotextile Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies geotextile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the geotextile companies profiled in this report include-
Geotextile Market Insights
Lucintel forecasts that synthetic will remain the larger segment over the forecast period because the geotextiles made from polypropylene and polyester have high water flow rates and are mostly used for soil fines filtering, perforated pipe wrapping, and erosion prevention.
APAC will remain the largest region over the forecast period due to rising construction activity in cities, requiring geotextiles for various applications like landfills, landscaping, and foundation stabilization, as well as, increased foreign investment in the region's developing nations, especially China and India.
Features of the Global Geotextile Market
Market Size Estimates: Geotextile market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Geotextile market size by material, product, application, and region in terms of value ($B).
Regional Analysis: Geotextile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material, product, application, and regions for the geotextile market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the geotextile market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the geotextile market size?
Answer: The global geotextile market is expected to reach an estimated $4.1 billion by 2030.
Q2. What is the growth forecast for geotextile market?
Answer: The global geotextile market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the geotextile market?
Answer: The major drivers for this market are growing civil engineering activity as a result of developing nations' quick industrialization and urbanization, rising environmental awareness of soil erosion, as well as, growth in the need for geotextiles in the construction of roads worldwide.
Q4. What are the major segments for geotextile market?
Answer: The future of the global geotextile market looks promising with opportunities in the erosion control, reinforcement, drainage system, lining system, asphalt overlays, separation & stabilization, and silt fences markets.
Q5. Who are the key geotextile market companies?
Answer: Some of the key geotextile companies are as follows:
Q6. Which geotextile market segment will be the largest in future?
Answer: Lucintel forecasts that synthetic will remain the larger segment over the forecast period because the geotextiles made from polypropylene and polyester have high water flow rates and are mostly used for soil fines filtering, perforated pipe wrapping, and erosion prevention.
Q7. In geotextile market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising construction activity in cities, requiring geotextiles for various applications like landfills, landscaping, and foundation stabilization, as well as, increased foreign investment in the region's developing nations, especially China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.