Geotextiles Market 2020 Overview by Type, Application, Global Leading Players, Size, CAGR of 12.6 %, Future Growth, Business Prospects, Forthcoming Developments, Future Investments & Forecast 2025
Global geotextiles market size is estimated to reach USD 13.76 billion by 2025
Growing preferences for synthetic fabric to suit diverse industrial applications owing to diverse characteristic features such as abrasion resistance and flexibility are pushing advances in global geotextile market in recent years. A new market intelligence report under the title, ‘Global Geotextiles Market by Product and Application, Forecast 2019-25’ evaluates ongoing market developments, popular trends and the like to get a pulse of the growth trajectory.
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Besides rampant end-use usability, the global geotextile market is likely to witness growth on the back of RandD initiatives to procure high grade geotextiles. End use expansion across erosion control and filtration are gaining steadfast prominence. The market is strongly shaped by high end mergers and acquisitions besides constant advances in product diversification which collectively are estimated to ensure thumping growth in global geotextile market in the near future.
Advances in construction activities on the back of favorable infrastructure development schemes comprising both residential and urban construction to accommodate vast majority of rural population influx into sub-urban and urban belts are poised to leverage onward growth in global geotextiles market. Geotextiles are soon becoming ideal substitutes for sand and gravel which are conventionally used raw materials in construction.
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Receding resources and high prices of minerals defines a paradigm shift, molding adoption and subsequent growth in global geotextiles market. The report houses an elaborate analysis of competition spectrum, highlighting tier 1 players, as well as a detailed analytical review of other additional players in global geotextiles market. A detailed overview of regional diversification is also pinned in the report to gauge notable country specific advances that trigger holistic growth in global geotextiles market. A review of segment analysis is also entailed in the report on the basis of which type and application are identified as prominent segments in global geotextiles market.
Key players present in the global geotextiles market includes SKAPS Industries, TYPAR (Polymer Group, Inc.), Fibertex Nonwovens A/S, Low and Bona, Koninklijke Ten Cate bv, Maccaferri, GSE Environmental, NAUE GmbH and Co. KG, Propex Operating Company, LLC.
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Key segments of the global geotextiles market
Type Overview, 2015-2025 (USD Million) (Million square meters)
Application Overview, 2015-2025 (USD Million) (Million square meters)
- Road Construction
- Erosion Control
- Others (GCL, Composites among others)
Region Overview, 2015-2025 (USD Million) (Million square meters)
- North America
- Asia Pacific
- Rest of the World
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Reasons for the study
- The use of geotextile has become more popular in civil engineering earth works to construct firm bases and proper reinforcement of soil.
- Lesser transportation cost coupled with better longevity is the key factor driving the demand of geotextiles across the globe
- Geotextiles are gaining popularity on account of their ability to control erosion and promote vegetation growth
What does the report include?
- The global geotextiles market study provides an in-depth analysis of the application.
- Drivers, restraints and opportunities for the market have been covered in the study.
- The study covers the different aspects of the value chain, Porters Five Forces, and vendor landscape analysis.
- The global geotextiles market report covers qualitative and quantitative analysis of the market segmented on the basis of application.
- Historical, current and forecast market data is provided for all the segments on a country basis.
- The study includes detailed profiles of key participants of the market based on product offerings, geographical presence, financial performance and recent initiative.
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