August 4, 2020

Geotextile Market Experts Anticipate Market Boom in 2026

New York, NY 4 August 2020 :Global geotextile market size is anticipated to reach $14.03 billion by 2026, growing at a CAGR of 8.8% during the forecast period, according to a report published by Polaris Market Research. The report ‘Geotextile Market Size By Technology Type (Woven, Non-Woven, Knitted), By Material Type (Polyester, Polyethylene, Polypropylene), By Application Type (Agriculture, Drainage, Erosion Control, Railways, Roadways), By Regions & Segments Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

Geotextiles are extensively used in the reinforcement of soil banks in bridges, pavements, roads, highway, and other construction sector. Their integral applicable functions include sealing, separation, drainage, filtration, and reinforcement in different substrates. Concerning their multifunctional characteristics, the geotextiles are suitable for a range of industries and tend to find application in transportation, maintenance industries agriculture, and construction, among many.

The rapidly growing demand for non-woven fabrics has increasingly gained significance and has flourished in the recent past. This has led to increasing applications with the growing number of constructions sites and growing infrastructural structural developments across the world. Governmental authorities of numerous countries have taken precautionary measures during different types of construction on account of growing awareness regarding degradability of roads during natural calamities and to promise enhanced quality and durability.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Geotextile Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

The geotextile market in Europe is expected to witness major growth during the forecast period. Some of the significant reasons behind this include increasing expenditure in the construction of roads, railways, airport runways, and pavements in the countries such as Italy, UK, Germany, and France. The rail & road authorities in the previously-mentioned nations have published multiple policies & regulations concerning the drainage plants and waste water treatment processes.

Competitive Landscape and Key Vendors

The global geotextile industry constitutes numerous large international market payers and is a fragmented industry. These market players consistently undertake R&D for the launch of new innovative products to strengthen their product portfolio in the industry. In addition, the companies focus mainly on foreign investments in research and development to cater the rapidly growing demand. Big market players are also focusing on their business expansion through inorganic developments which increases the potential concerning expansion of customer base and also geographic expansion.

Some of the prominent industry players include Berry Global, Agru America, Inc., Carthage Mills, DuPont, Strata Systems, Mattex, Propex Operating Company Koninklijke Ten Cate, Kaytech, Tenax and Leggett & Platt.

Polaris Market Research has segmented the global geotextile market on the basis of product, technology, material, application and region:

Geotextile by Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

Woven

Non-woven

Knitted

Geotextile by Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

Polyester

Polyethylene

Polypropylene

Others

Geotextile by Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

Agriculture

Drainage

Railways

Roadways

Others

Geotextile by Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

North America

US.

Canada

Europe

Germany

UK

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Latin America

Brazil

Rest of Latin America

Middle East and Africa

Saudi Arabia

UAE

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