PUBLISHER: Meticulous Research | PRODUCT CODE: 1504182
PUBLISHER: Meticulous Research | PRODUCT CODE: 1504182
Geotextiles Market by Material (Synthetic, Natural), Product Type (Woven, Non-woven, Knitted), Application (Drainage, Separation, Erosion Control), Sector (Road Construction, Agriculture, Mining), and Geography-Global Forecast to 2031.
The research report titled 'Geotextiles Market by Material (Synthetic, Natural), Product Type (Woven, Non-woven, Knitted), Application (Drainage, Separation, Erosion Control), Sector (Road Construction, Agriculture, Mining), and Geography-Global Forecast to 2031' provides an in-depth analysis of global geotextiles market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global geotextiles market is projected to reach $18.1 billion by 2031, at a CAGR of 8.8% from 2024 to 2031.
The growth of the geotextiles market is driven by the increasing construction projects in developing economies, growing investments in non-woven geotextiles, and stringent regulatory frameworks for environmental protection. However, fluctuations in raw material prices restrain the growth of this market.
Furthermore, the growing adoption of bio-based geotextiles and innovation in geotextile materials are expected to create market growth opportunities. However, limited technical knowledge & expertise about geotextiles in emerging economies is a significant challenge impacting the market's growth.
The geotextiles market is segmented by material (synthetic (polypropylene, polyester, polyethylene, polyamide, other synthetic materials), natural (jute, coir, other natural materials)), product type (woven geotextiles, non-woven geotextiles, knitted geotextiles), application (separation, drainage, reinforcement, filtration, erosion control, protection, asphalt overlays, other applications), sector (road construction, railway, coastal & river control works, agriculture, defense & security, mining, oil & gas, energy, building construction, other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on material, the geotextiles market is segmented into synthetic and natural. In 2024, the synthetic segment is expected to account for the larger share of over 87% of the geotextiles market. This segment's large market share can be attributed to the increasing use of synthetic geotextiles in road construction, erosion control, and drainage applications, the cost efficiency of producing and installing synthetic geotextiles compared to natural alternatives, and the growing focus on infrastructure development in emerging economies. Additionally, market players are launching innovative solutions in response to the rising demand. For instance, in August 2021, Tensar International Corporation (U.K.) launched InterAx geogrids, a geosynthetic solution to address poor soil conditions and stabilize aggregate in roadways and other critical paved surfaces to enhance longevity and performance.
Moreover, the synthetic segment is projected to register a higher CAGR during the period.
Based on product type, the geotextiles market is segmented into woven geotextiles, non-woven geotextiles, and knitted geotextiles. In 2024, the non-woven geotextiles segment is expected to account for the largest share of over 66% of the geotextiles market. This segment's large market share can be attributed to the increasing use of non-woven geotextiles due to their lightweight and flexible nature, ease of handling and installation compared to woven geotextiles, and their cost-effectiveness compared to woven alternatives. Moreover, the increasing investments in road construction, railways, and other infrastructure projects that require robust foundations and effective drainage solutions further drive the demand for non-woven geotextiles. Additionally, the widespread utilization of non-woven geotextiles in applications requiring good drainage, such as landfill construction and retaining walls, contributes to the segment's growth. In August 2022, Willacoochee Industrial Fabrics, Inc. (U.S.) announced its plans to invest in a new non-woven geotextile manufacturing production line after announcing the addition of its new erosion control manufacturing facility.
Moreover, the non-woven geotextiles segment is projected to register the highest CAGR during the forecast period.
Based on application, the geotextiles market is segmented into separation, drainage, reinforcement, filtration, erosion control, protection, asphalt overlays, and other applications. In 2024, the asphalt overlays segment is expected to account for the largest share of over 24% of the geotextiles market. The large market share of this segment is attributed to the growing need to maintain aging road infrastructure, growing traffic volumes, increasing focus on sustainable construction practices, and advancements in asphalt materials and construction techniques.
However, the drainage segment is projected to register the highest CAGR during the period. This segment's growth is attributed to the increasing demand for efficient drainage systems to manage stormwater runoff in urban areas, increasing government regulations mandating sustainable construction practices and proper stormwater management, and the growing need to improve drainage systems needed to mitigate flooding risks and protect coastal communities.
Based on sector, the geotextiles market is segmented into road construction, railway, coastal & river control works, agriculture, defense & security, mining, oil & gas, energy, building construction, and other sectors. In 2024, the road construction segment is expected to account for the largest share of over 45% of the geotextiles market. This segment's large market share can be attributed to increasing investments in road construction projects, a shift towards preventative maintenance strategies, government initiatives aimed at promoting sustainable practices to enhance road foundations and drainage, and increasing infrastructure investments in emerging economies. In April 2023, Singhal Industries Pvt. Ltd. (India) launched a geotextile fabric aimed at providing a cost-effective and sustainable solution to enhance the quality and durability of unpaved roads.
However, the building construction segment is projected to register the highest CAGR during the period. This segment's growth is attributed to the growing population's rising demand for new housing units, commercial buildings, and infrastructure, the increasing use of geotextiles around building foundations to control soil erosion, the growing focus on sustainable building practices to minimize environmental impact, and the growing government policies and incentives for building construction.
Based on geography, the geotextiles market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 51% of the geotextiles market. Asia-Pacific's significant market share can be attributed to rapid development and an increasing focus on major infrastructure projects such as high-speed rail networks, highways, airports, and dams. The rapid pace of urbanization across the region is driving the demand for housing, commercial buildings, and related infrastructure. Additionally, there is a rising focus on environmental regulations, particularly regarding soil erosion control and effective drainage management, driving the demand for geotextile drainage fabric. Furthermore, market players are launching various initiatives to expand their presence in the region. For instance, in July 2023, Freudenberg Performance Materials (Germany) expanded its global geosynthetics production by launching a new line in Changzhou, China, aimed at supplying Enka Solutions for building, industrial, and civil engineering applications in the region.
Moreover, the market in Asia-Pacific is projected to record the highest CAGR of over 10% during the forecast period.
The key players operating in the geotextiles market are Officine Maccaferri Spa (Italy), Koninklijke Ten Cate B.V. (Netherlands), Tenax Corporation (U.S.), HUESKER Synthetic GmbH (Germany), Thrace Group (Greece), Naue GmbH & Co. KG (Germany), Berry Global Inc. (U.S.), Global Synthetics Pty Ltd (Australia), AGRU America Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), Belton Industries (U.S.), Fibertex Non-wovens A/S (Denmark), Suntech Geotextile Pvt. Ltd. (India), SKAPS Industries (U.S.), and Asahi Kasei Corporation (Japan).
Geotextiles Market Assessment-by Material
Geotextiles Market Assessment-by Product Type
Geotextiles Market Assessment-by Application
Geotextiles Market Assessment-by Sector
Geotextiles Market Assessment-by Geography
(Note: SWOT analyses of the top 5 companies will be provided.)