Geo textile Market

Geotextile Market Size (2023-2028)

The Geotextile Market is expected at USD 9.01 billion in 2022 and is anticipated to extend an over USD 16.2 billion by the end of the assessment period. The Geotextile Market is estimated to experience reasonable growth to record a CAGR of 7.69% throughout the estimated period (2023-2028).

The increasing demand for functional and high-performance textiles in road construction, erosion control, and agricultural applications, coupled with the increasing development of the construction industry, is an important factor in the growth of the market. These are widely used to improve the soil on which pipes, roads, supporting structures, and embankments are built.

Generally, geotextile is made from polyester or polypropylene, geotextile fabrics come in three basic shapes: heat-bonded, needles, or woven. Geotextiles can withstand a lot, are durable, and can cushion a fall if someone falls. Geotextiles have been used in agricultural and civil applications for thousands of years. Today, synthetic and natural fibers/polymers are used to produce geotextiles. Vegetable or plant-based geotextiles have a shorter lifespan than synthetic fibers/polymers. Geotextiles are low-cost and hence favored for numerous purposes such as protection, reinforcement, filtration, separation, and drainage in civil engineering applications. The key applications of geotextiles are in Geotechnical and environmental engineerings such as Railways, dams, canals, embankments, and the construction of roads, among others. Additionally, geotextiles are generally used as an alternative to granular soil filters.

Geotextile Market Trends:

Countries are vulnerable to climate change which has caused several disasters that occur frequently around the world. Therefore, these textiles protect roads, soil, and bridges from natural disasters by means of retaining walls and barriers. In addition, they have gained popularity due to their superior advantages, such as mechanical resistance and repellency to liquids. Geotextiles are made from natural fibers like coir and jute and synthetic fibers like polyester, polyethylene, and polypropylene.

Geotextile Market Drivers:

Increased government investment in the construction sector due to rapid industrialization will increase the market growth. The market is driven by the growing demand for geotextile tubes in the marine and hydraulic engineering, environmental engineering, agricultural engineering, and construction sectors. These tubes are an ideal and economical erosion mitigation solution for dewatering and drainage applications. There is a growing installation of geotextile tubes that are used to prevent coastal erosion that has occurred due to rising ocean and sea levels due to increased temperature on the marine coast. Coastal erosion has also occurred due to human activities such as sand dredging and port construction. For example, the government has installed geotextile tubes along the shores of the Bay of Bengal, as well as in the coastal areas of Malad, Mumbai, along the boardwalk of Uppada, Andhra Pradesh, and other coastal areas throughout India. Increased infrastructure spending on various construction projects will stimulate demand for these textiles. Most state, local, and federal governments are the largest contributors to funding for highway construction. Furthermore, the growing number of public-private partnerships (P3), as they receive money and government approval to build roads and highways, is likely to stimulate demand for the product.

Geotextile Market Restraints:

Changes in supply and demand for these raw materials may have a negative impact on the overall outlook for the industry. Synthetic fibers are extracted from crude oil. Thus, the rise in the price of crude oil translates into a rise in the price of raw materials. Also, the costs of polypropylene resin and other plastic resins have skyrocketed in recent times. Therefore, large fluctuations in the cost of raw materials can be a drag on market growth.

Challenges in the Geotextile Market:

The implementation of strictly private and government regulations by various countries poses a challenge to the expansion of the Geotextile Market.

GEOTEXTILE MARKET REPORT COVERAGE:

Geotextile Market Segmentation:

By Product:

• Non-woven
• Woven
• Others

Pavement repair and Road construction is the major section of the geotextile market, by application. Geotextiles have proven to be the optimal solution to soil stabilization problems, increasing pavement life, road repair and rehabilitation, cost control, and road life improvement. Therefore, there is a great demand for geotextiles in this application segment.

By Application:

• Road construction
• Erosion prevention
• Drainage
• Others

According to the application, the Geotextile Market is divided into road construction, erosion, railway works, and agriculture.

Geotextile Market Regional Analysis:

The Geotextile Market Report includes the segmentation of Regions:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

Drainage systems in the United States and Canada are large and highly developed. The high use of these drainage systems has resulted in the need for constant maintenance. The presence of numerous riverbeds and other bodies of water in Europe has led to soil erosion and the invasion of water into land masses. Some of these bodies of water run through large cities and the erosion of the banks of these rivers has an impact on the overall integrity of the infrastructure around the area. Therefore, to protect land masses, woven geotextiles are used to prevent corrosion. Furthermore, the rise of megacities in China and India, coupled with strong infrastructure development, is expected to drive demand for products during the forecast period.

Impact of COVID-19 on Geotextile Market

The new coronavirus outbreak has shut down most companies in the coconut industry due to plant closures across the country and export order cancellations. Exports of coconut and coconut products from India have been disrupted as Tamil Nadu manufacturers export around 90% of their products, mainly to China. Coir products have been accumulated in units due to a large-scale drop in exports and order cancellations in most European and North American countries. Coconut coir exporters and manufacturers in Tamil Nadu, India, have insisted that the government help companies generate value-added coir products to help them during the pandemic.

Recent Developments in the Geotextile Market:

• In March 2020, BASF recently announced that Megaplast India (Megaplast) has used its Chimassorb® line of light stabilizers to produce a non-woven geotextile used in national highway construction. The set of additives used plays a crucial role in stabilizing the production process and lengthening the life of the geotextiles. During the trial period, BASF assisted the customer in testing different formulations, giving them the flexibility to choose the optimal balance between cost and performance.

•  weed control fabrics and staples for lawns. Founded in 1992, L&M also manufactures a variety of roofing and acacia products throughout the U.S. These products help minimize soil erosion and runoff at construction sites.

Geotextile Market Key Players:

The major players covered in the Geotextile Market report are

1. Mattex

2. Kaytech

3. Gse Environmental

4. Mada Nonwovens

5. Strata Systems

6. Berry Global

7. Thrace Group

8. Huesker

9. Fibertex Nonwovens

10. Low & Bonar

11. Agru America