Geotextile Market Future Growth Analysis and Challenges

The 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.

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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.

Polypropylene geo-synthetics is an essential geotextile that requires lower maintenance costs and results in longevity of the roads and similar construction structures. The areas which are prone to any natural calamity such as landslides have witnessed these geotextile materials of significant use, thereby providing a suitable alternative for such scenarios. For instance, the Ministry of Textiles (Government of India) launched a program/scheme for promoting the usage of geotextiles in road applications in the Northeastern region of the country.

The roadways segment is likely to witness the fastest growth rate during the forecast period on account of growing issues concerning a lifespan of roads, their maintenance issues, and a growing stabilization. The use of geotextile products is a cost-effective solution towards highway rehabilitation and pavement repairs especially in the emerging countries of the Asia-Pacific, where cost is among the most important concern. The consumption of these products in China, Japan, and India has increased prominently during the recent years, further strengthening the market growth.

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