According to MRFR analysis, the Global Geotextiles Market size is projected to reach a market value of over USD 10.5 Billion by the end of 2025, at a CAGR of 10.8%.
Geotextile is a permeable geosynthetic made of textile materials (synthetic and natural fibers) and is also known as filter fabrics, road rugs, and geosynthetics. It is widely used in a wide range of applications including roads, railways, embankments, landfills, retaining structures, erosion control, dams, landfill liners, sediment control, landfill covers, and agriculture, owing to its mechanical responses, increased impact strength, excellent filtration characteristics, reduced maintenance costs, resistance to extreme wave action, increased sustainability, and chemical resistance. Some of the major brands in the market are GEOTEX, MacTex, Polyfelt, Mirafi, AGRUTex, and COMBIGRID, among others.
The major factors favoring the growth of the market is the increasing demand for geotextiles in the construction of roadways. The increasing construction activities in the emerging economies and increasing focus to reduce rutting and extend the life of paved and unpaved roadways is expected to boost the demand for geotextiles. In the recent years, various major construction projects were initiated and are in the completion phase, such as Beijing Airport (China), Al Maktoum International Airport (Dubai), High-Speed Railway (California), and New Silk Road (China). These projects involve construction of large roadways and are thus expected to fuel the demand for geotextiles in the coming years.
Globally, the need for improved drainage systems has been rising over the past few years and this trend is expected to continue in the years to follow. Geotextiles used in drainage systems offer various advantages including the elimination of filter sand with dual media backfill, reduction in trench excavation depth, and prevent sand entering the perforation in the pipe, which is expected to boost the demand for geotextiles in the coming years.
Furthermore, favorable government policies and rapid urbanization in the emerging economies such as India, China, Indonesia, South Africa, and Saudi Arabia are expected to drive the market growth for geotextiles during the review period.
However, volatile raw material prices for synthetic materials are likely to hinder the market growth in the coming years.
Pricing and Regulatory Analysis
In 2018, geotextiles were priced around USD 0.75 to 1.6 per square meters across the globe. The product pricing mainly depends on the raw material used (synthetic fibers or natural fibers), geotextiles based on synthetic fibers are low in cost. The price of polypropylene, one of the key raw materials, has increased from 2015 to 2018, however has witnessed some decline in 2019. This trend is likely to continue during the forecast period, which may lead to fluctuations in the prices of geotextiles.
The stringent water pollution standards are likely to boost the demand for geotextiles during the forecast period. For instance, in the US, Safe Drinking Water Act's (SDWA) Underground Injection Control (UIC) program for protecting underground sources of drinking water from underground injection, Safe Drinking Water Act, Dam Safety Act of 2006, and Reservoir Dam Safety Regulations.
- 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
- Volatile prices of synthetic fibers—the major raw materials used in the production of geotextiles
- Environmental impacts due non-degradability
- Synthetic Fibers: The synthetic fibers segment held the largest market share in 2018. This is mainly attributed to its excellent safety performance, low cost, high tensile strength, ease of availability, superior creep resistance, tenacity values, and chemical inertness.
- Natural Fibers: The majorly used plant fibers in geotextile fabrication are jute, flax, sisal, hemp, ramie, and coir.
By Product Type
- Non-Woven: The largest product type segment, with widespread use in numerous civil engineering applications including subsurface drainage, roadway separation, railroad stabilization, hard armor underlayment, and landfill leachate collection. The increasing construction activities are expected to propel the market growth.
- Woven: The increase in roadbuilding and embankment construction activities are fueling the demand for woven geotextiles.
- Knitted: This geotextile offers various advantages over woven geotextile, including exceptional tear strength, can incorporate an additional fabric to form a true composite geotextile, and lightweight.
- Transportation: The largest end-use segment, the expanding construction sector and increasing investments by governments in the emerging economies for infrastructure development are expected to boost the demand for geotextile road fabric and propel the growth of the segment in the years to follow. The segment accounted for the largest market share in 2018 and is expected to be the leading segment during the forecast period on account of the initiation of large-scale airport and road construction projects globally.
- Environment: The growing need for construction of drainage systems and waste containment, and increasing demand for geotextile filter fabric in the erosion control sector is fueling the growth of the segment
- Energy & Water Resources: The global water crisis leading to the need for efficient water storage sources such as dams and reservoirs, canals, and irrigation channels is driving the demand for geotextiles in these applications.
- Building Site Infrastructure
- North America
- Latin America
- Middle East & Africa
- North America: A well-established oil & gas industry and growing concern regarding pollution of waterways due to sediments during oil explorations are expected to boost the demand for geotextiles in the regional market. In addition, increasing reconstruction activities is likely to boost the product demand in the regional market.
- Europe: Increasing demand for sustainable materials in the region is likely to favor the demand for geotextiles made of natural fiber in the construction of roads and water reservoirs.
- Asia-Pacific: Held the largest market share, over 40%, in 2018 and is projected to be the dominant regional market during the assessment period. This is mainly attributed to the increasing construction activities in the region, mainly the road projects in China, India, and Indonesia. Moreover, with the growing need for water conservation, the construction of dams and water reservoirs is expected to increase in the region and is likely to favor the market growth for geotextile. According to the International Railway Journal, China plans to invest more than USD 125 billion in rail projects in 2019–2020, which is expected to fuel the demand for geotextiles in the regional market.
- Latin America: The relatively small market but the ongoing and upcoming airport construction projects in Brazil, Mexico, and Chile are expected to boost the market growth for geotextiles in the region.
- Middle East & Africa: The rapidly growing construction activities in the region on account of the growing tourism sector is likely to provide high growth potential for the growth of the regional market during the forecast period.
- 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)
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.
A 10.8% CAGR is predicted to bolster the market in the forecast period.
A USD 10.5 Billion is estimated to control the market in the future.
The APAC region is estimated to bolster the market in the forthcoming period.
The use of geotextiles in the building of roadways is likely to stimulate the global market.