The global geotextiles market is anticipated to reach USD 11.3 billion by the end 2027, according to a new report released by Million Insights. It is projected to grow at a CAGR of 11.9% from 2020 to 2027. Rising demand for geotextiles to control soil erosion and rising adoption for construction of roads and other infrastructural projects such as railways and drainage systems owing to its high tensile strength are some of the major forces driving the market growth over the forecast period.
Various governments are investing in infrastructural projects for development of their economies. Therefore, there has been high demand witnessed for geotextiles across different regions. Rising adoption of geotextiles in U.S. for maintaining their drainage systems is anticipated to further fuel the growth of geotextile market. These geotextiles form a channels for smooth flow of water and other fluids.
To download the sample pdf of Geotextile Market Report “Please” click here: https://www.millioninsights.com/industry-reports/geotextile-market/request-sample
Moreover, growing product demand in Europe owing to presence of large number of water bodies and river beds that cause extensive soil erosion is projected to propel the market growth in this region. Geotextiles have the property of holding the soil particles and promoting the growth of various vegetation which reduces the soil erosion levels.
In addition, growing industrial sector and rising investment of government in infrastructure projects in Asian countries such as China, Thailand, India, and Indonesia is anticipated to propel the regional demand. Furthermore, growing foreign investments and availability of abundant raw materials at cheaper rates are the factors projected to fuel the regional market growth.
To browse report summary & detailed TOC, please click the link below:
Further key findings from the report suggest:
• In 2019, the non-woven segment held the largest market share of 63.3% owing to rising adoption across different verticals such as packaging, construction, agriculture, furniture, pharmaceuticals, and automobiles.
• The segment of woven geotextiles is projected to grow at a CAGR of more than 11% over the forecast period.
• The segment of drainage system is projected to grow at a CAGR of 12.5% from 2020 to 2027.
• The segment of road construction is anticipated for grow at a CAGR of 13.1% over the forecast period due to salient features such as high tensile strength and cost-effectiveness.
• North America is projected to expand at a CAGR of 11.8% over the forecast period owing to rising product demand for maintaining the drainage systems in countries such as Canada and U.S.
• The material segment of polypropylene geotextiles is projected to ascend with a CAGR of 13.0% due to its excellent performance and resistance to inorganic salts and chemicals.
• Leading players in the geotextiles market are GSE Environmental, Koninklijke Ten Cate B.V., NAUE GmbH & Co., KG., Officine Maccaferri, Propex Operating Company, LLC; and Agru America.
Million Insights has segmented the global geotextile market on the basis of product, material, application, and region:
Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 – 2027)
Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 – 2027)
Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 – 2027)
• Road construction
• Erosion prevention
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 – 2027)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
• United Arab Emirates
Browse the Latest Market Research Reports with Million Insights:
• Scented Candles Market – The global scented candles market is anticipated to reach USD 545.2 million by the end 2025. The market is anticipated to grow at a CAGR of 8.4% during the forecast period, 2019 to 2025.
• Denim Jeans Market – The global denim jeans market size is anticipated to reach USD 102.45 billion by 2025. Increasing the target population across the globe is projected to drive the market during the forecast period, 2019 to 2025.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar