Geotextiles Market Research Report - Forecast till 2030

Geotextiles Market Information: By Material (Synthetic Fibers, Natural Fibers), By Product Type (Non-Woven, Woven, Knitted, Others) and By End-Use (Transportation, Environment, Energy & Water Resources, Building Site Infrastructure, Agriculture, Others) - Forecast to 2030

ID: MRFR/CnM/6872-HCR | December 2022 | Region: Global | 111 Pages         

Geotextiles market

Geotextiles market expected to surpass the market value of over USD 12.09 billion by the year 2028 while registering a CAGR of 6.0% during the forecast period.

Segmentation

By Material Synthetic Fibers Natural Fibers
By Product Type Non-Woven Woven Knitted

Key Players

  • BASF SE (Germany)
  • Covestro (Germany)
  • Solvay SA (Belgium)
  • Celanese (US)
  • DowDuPont (US)
  • LG Chem (South Korea)
  • SABIC (Saudi Arabia)
  • Evonik Industries (Germany)
  • Lanxess (Germany)
  • Mitsubishi Geotextile (Japan)

Drivers

  • Increasing investments in the emerging economies for infrastructure development
  • Rising water concerns fueling demand for construction of water reservoirs (canals and dams)
  • Increasing need for improved drainage systems to boost demand for geotextiles
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Geotextiles Market overview:


 


The geotextiles market growth is expected to have higher growth during the forecast period and is expected to grow with a 6.0% CAGR. The increasing construction activities and varied applications such as soil stabilization, strengthening drainage structures, harbors, roads, and landfills are also expected to aid the overall growth of the geotextiles industry during the forecast period. The advent of bio-based geotextiles, where the raw materials are derived from naturally occurring materials and don’t cause any effect on the environment. The improvisation of the quality and performance of the geotextiles and geogrids and significant other developments in the industry is also presenting favorable growth conditions for the geotextiles industry.


 


COVID 19 Analysis:


 


Like several other industries, there were disruptions and issues in the geotextiles industry as well. The negative demand shock and the decline of the construction industry across the globe after the pandemic have had a significant impact on geotextiles' market growth. The worldwide lockdown and stringent regulations imposed by the government have halted the progress of the coir industry and resulted in the closure of the factories and affected the manufacturers in certain parts of India. The order cancelations and attitude of the coir exporters and manufacturers have had a significant impact on the growth of the geotextiles industry, negatively.


 


Market dynamics:


 


 Market drivers:


 


The utilization of the geotextiles made of natural fibers such as jute; wool and coir are considered as the alternatives of the synthetic ones. The regulations imposed by several developed countries allow the manufacturing of bio-based geotextiles as well. They are cost-effective and are derived from natural products as well. Such factors are considered as the major drivers of geotextiles' market growth.


 


The increasing investment in the infrastructure and construction industry, and the plans and programs to develop countries into sophisticated cities while improving the soil nature and road performance and the properties are expected to propel the overall growth of the geotextiles industry.


 


Market opportunities:


 


The advent of bio-based geotextiles, maize-based PLA geotextiles, erosion mats made of sheep wool, and other bio-based products are lighter and cause no adverse effects on the environment and thereby expected to augment the overall growth of the geotextiles industry during the forecast period. On the other hand, the drainage systems across the countries like U.S and Canada are getting developed and they are highly utilized in recent times. The requirement of constant maintenance and the increasing development of this construction, drainage systems, and flood resisting construction are presenting lucrative opportunities for the overall growth of the geotextiles industry during the forecast period.


 


The geographical structure of certain regions, For instance, Europe contains several riverbeds and water bodies. The region around these river bodies possesses a higher risk of them entering and causing soil erosion and other disasters. Such factors showcase higher demand for the geotextiles industry in the future.


 


Market restraints:


 


Fluctuation of the price of raw materials such as polypropylene, polyester, polyethylene, and others is expected to hinder the overall growth of the geotextiles industry. The disruptions in the demand and supply and other issues are also expected to restrict the overall growth of the geotextiles industry.


 


The increase in the price of crude oil and other raw materials is impacting the overall growth of the Geotextiles industry. Moreover, margins of the manufacturers are also making it difficult for the geotextiles market growth.


 


Market challenges:


 


Lack of skilled professionals and professionals with little technical skills and knowledge across the developing economies are considered as the major challenge for the geotextiles market growth. Moreover, in some developing countries, the standards don’t include geotextiles in the construction materials. 


 


The nature of the geotextiles and their susceptibility are expected to hinder the geotextiles market growth. On the other hand, the environmental concerns related to the manufacturing of the geotextiles industry are expected to hinder the overall growth of the geotextiles industry.


 


Cumulative growth analysis:


 


The Geotextiles market value was at USD 8.04 billion in the year 2021 and it is expected to surpass the market value of over USD 12.09 billion by the year 2028 while registering a CAGR of 6.0% during the forecast period. The market growth during the forecast period is due to the growing demand for construction activities, agricultural demand, food demand, increasing investment and development across the construction sector, and significant others. The climatic change in several countries has brought in disasters and the frequent occurrence of natural disasters are propelling the utilization of geotextiles to protect construction works such as pipelines, roads, soil, and bridges. 


 


The potential properties such as higher mechanical strength, liquid repellence, and others propel varied end-user industries to utilize geotextiles in their manufacturing sector. These are also known as geogrids and are often used to control and stabilize the soil. The growing agricultural sector and urbanization across the globe are expected to increase the overall growth of the Geotextiles industry.


 


The growth of the geotextiles industry is expected to grow with a healthy CAGR of 6.0% due to the increasing demand. The increasing demand in the U.S due to the presence of erosion and other natural disasters is expected to boost the overall growth of the geotextiles industry. The presence of mountain areas and water bodies across the region is causing soil erosion and serious disasters. Such factors are affecting the growth of the Geotextiles industry in such regions.


 


Value chain analysis:


 


The increasing infrastructural development, constructing pipelines, road developments, and other advancements across the globe demands high-performance and higher mechanical strength geotextiles. Additionally, there are several advancements in the industry itself. For instance, the woven geotextiles are manufactured with individual threads and slit films that provide good load capacity and higher corrosion resistance. Therefore they are used for long-term applications. Therefore Woven geotextiles are growing with the highest CAGR in the market and are expected to boost the overall growth of the geotextiles industry during the forecast period. 


 


On the other hand, the Non-woven geotextiles are expected to grow with a healthy CAGR of 12.2% during the forecast period, as they are utilized in hygiene products, agriculture, furniture, and significant other applications across the world. They are also intensively utilized in transport infrastructural applications. The affordable synthetic geotextiles compared to other raw materials are also expected to boost the geotextile's market value. 


 


 Segment overview:


 


Based on Material Type:


 



  • Synthetic

  • Natural


 


Based on Product Type:


 



  • Nonwoven Geotextile

  • Woven Geotextile

  • Knitted Geotextile


 


Based on Application:


 



  • Road construction 

  • Pavement repair

  • Erosion

  • Drainage

  • Railway work

  • Agriculture

  • Others


 


Regional analysis:


 


The Asia-pacific region is expected to possess higher market value in the geotextiles industry, which is due to the increasing infrastructural development across the region. The countries like India and China are welcoming new plans and making new investments in the construction industry. The demand for comfortable housing and hospitals is increasing in the Asia-pacific region. Therefore the government of the Asian countries is increasing their investments in that area. 


 


On the other hand, European countries such as Germany, the U.K are manufacturing geotextiles with specific qualities and characteristics to cater to varied applications. Also, the government of these countries is projecting a set of regulations for the manufacturers to maintain the standards as well. The regulations and norms related to erosion preventing geotextiles are expected to boost the overall growth of the Geotextiles industry across the region during the forecast period. Moreover, in the countries like U.S and Canada, the up-gradation of the sewage and drainage systems is carried out very frequently and thereby presenting favorable conditions for the geotextiles market growth in those countries.


 


Competitive landscape:


 



  • BASF SE (Germany)

  • Covestro (Germany)

  • Solvay SA (Belgium)

  • Celanese (US)

  • DowDuPont (US)

  • LG Chem (South Korea)

  • SABIC (Saudi Arabia)

  • Evonik Industries (Germany)

  • Lanxess (Germany)

  • Mitsubishi Geotextile (Japan) 


 


Recent developments:


 


In the year 2017, one of the leading market players, Husker who belongs to Russia has announced their expansion of the facility of over 5000 sq.m. and the company had taken a series of steps to strengthen their facility in several other ways as well.


In the year 2017, one of the leading market players, Fibertex had agreed to supply over 1,500,000 controlled permeability formwork, which is utilized for construction purposes. Their further enhancements and development had propelled the overall growth of the geotextiles industry.


 


Report overview:


 


 This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


 Segmentation Table:


 


Based on Material Type:


 



  • Synthetic

  • Natural


 


Based on Product Type:


 



  • Nonwoven Geotextile

  • Woven Geotextile

  • Knitted Geotextile


 


Based on Application:


 



  • Road construction 

  • Pavement repair

  • Erosion

  • Drainage

  • Railway work

  • Agriculture

  • Others



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 10.5 Billion
  CAGR   10.8% (2020-2027)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Product Type, End-Use and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   GSE Environmental (US), TenCate Geosynthetics (US), Officine Maccaferri Spa (Italy), DuPont de Nemours, Inc (US), NAUE GmbH & Co. KG (Germany), AGRU AMERICA, INC (US), Berry Global Inc (US), Propex Operating Company, LLC (US), Thrace Group (Greece), Fibertex Nonwovens A/S (Denmark), TENAX SPA (Italy), HUESKER (Germany)
  Key Market Opportunities   Volatile prices of synthetic fibers—the major raw materials used in the production of geotextiles
  Key Market Drivers

  • Increasing investments in the emerging economies for infrastructure development.
  • Rising water concerns fueling demand for construction of water reservoirs (canals and dams).
  • Increasing need for improved drainage systems to boost demand for geotextiles


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    Frequently Asked Questions (FAQ) :

    GSE Environmental (US), TenCate Geosynthetics (US), Officine Maccaferri Spa (Italy), and DuPont de Nemours, Inc (US) are the companies functioning in the market.

    The Geotextiles market value was at USD 8.04 billion in the year 2021 and it is expected to surpass the market value of over USD 12.09 billion by the year 2028 while registering a CAGR of 6.0% during the forecast period.

    A USD 12.09 billion is estimated to control the market in the future.

    • Road construction • Pavement repair • Erosion • Drainage • Railway work • Agriculture • Others

    • Nonwoven Geotextile • Woven Geotextile • Knitted Geotextile

    • BASF SE (Germany) • Covestro (Germany) • Solvay SA (Belgium) • Celanese (US) • DowDuPont (US)