USD 6.9 Billion
Geotextiles Market Size, Share, Growth Analysis, By Product Type(Woven, knitted, and non-woven), By Application(Road construction, erosion control, pavement repair, drainage), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25M2015 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
67
|Figures:
75
Geotextiles Market Insights
Global Geotextiles Market size was valued at USD 6.9 Billion in 2022 and is poised to grow from USD 7.36 Billion in 2023 to USD 12.37 Billion by 2031, at a CAGR of 6.7% during the forecast period (2024-2031).
The market growth is anticipated to be propelled by the increasing civil engineering endeavors due to the rapid urbanization and industrialization observed in developing nations. The market is experiencing growth primarily due to the increasing demand for high-performance and functional textiles in various applications such as road construction, erosion control, and agriculture. This demand is driven by the continuous development in the construction industry. These textiles play a crucial role in improving the quality of soil used in the construction of pipelines, roads, earth retaining structures, and embankments. The global demand for geotextiles is expected to rise due to their cost-effectiveness, longer lifespan compared to alternative materials, and the growing environmental concerns associated with soil erosion. In the United States, there is a notable surge in the utilization of geotextiles across various construction applications, such as drainage structures, harbors, roads, and landfills, aimed at improving soil stabilization. This increased adoption of geotextiles, driven by their extended lifespan and cost-effectiveness, contributes to the market's growth. Woven geotextiles are produced by interweaving individual threads, including fibrillated yarns, monofilaments, or slit films, to create materials with high-load capacity suitable for road construction applications. These fabrics are known for their extended lifespan and corrosion resistance, making them ideal for long-term use. European economies like Germany and the U.K. enforce strict regulations set by governing bodies, which define the specific characteristics of geotextiles and their recommended applications. This favorable regulatory framework, particularly in erosion prevention applications, is expected to propel market growth. Furthermore, the infrastructural development in China is likely to be positively influenced by the increased government spending on the One Belt, One Road (OBOR) project. With abundant available land, China is expected to experience a surge in infrastructural activities. The Chinese government has made significant investments in infrastructure projects, leading to an increased demand for geotextiles in the country.
US Geotextiles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
woven geotextiles
Fastest Growth
woven geotextiles
Growth Rate
6.7% CAGR
Global Geotextile Market ($ Bn)
Country Share for North America Region (%)
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Geotextiles Market Segmental Analysis
Global Geotextiles Market is segmented by product type, application, and region. Based on product type, the market can be segmented into woven, knitted, and non-woven. Based on application, the market is segmented into road construction, erosion control, pavement repair, drainage, railroad, agriculture, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product type
The dominant segment in the market based on product type is non-woven geotextiles. Non-woven geotextiles offer a wide range of applications and have gained significant popularity due to their versatility, strength, and cost-effectiveness. They are extensively used in various civil engineering projects, including road construction, drainage systems, erosion control, and filtration applications. Non-woven geotextiles provide excellent filtration, separation, and reinforcement properties, making them the preferred choice for many infrastructure and construction projects.
On the other hand, the fastest-growing segment in the market based on product type is knitted geotextiles. Knitted geotextiles have been witnessing rapid growth due to their unique characteristics and advantages. They offer high tensile strength, flexibility, and excellent hydraulic properties. Knitted geotextiles are commonly used in applications such as slope stabilization, soil reinforcement, and erosion control. Their ability to provide effective soil retention and prevent surface erosion has led to an increased demand for knitted geotextiles in various construction and civil engineering projects, driving their fast-paced growth in the market.
Analysis by Application
Road construction dominated the global market. Geotextiles play a crucial role in enhancing the performance and durability of roads. They are used as a reinforcement layer to improve the structural integrity of the roadbed, prevent soil erosion, and provide separation between different layers of the pavement. Geotextiles in road construction help in distributing the load, reducing rutting, and enhancing overall stability, making them an essential component in the infrastructure development of transportation networks.
The fastest-growing segment in the market based on application is erosion control. With increasing concerns about soil erosion, geotextiles have become instrumental in mitigating erosion and protecting vulnerable landscapes. Geotextiles used in erosion control applications prevent the loss of soil, provide slope stabilization, and control sediment movement in areas such as riverbanks, shorelines, and steep slopes. The growing recognition of the importance of environmental conservation and sustainable land management practices has fueled the demand for geotextiles in erosion control applications, driving their rapid growth in the market.
Global Geotextile Market By Type
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Geotextiles Market Regional Insights
Asia Pacific dominated the global market. The Asia Pacific region is experiencing rapid urbanization, industrialization, and infrastructural development, leading to increased demand for geotextiles. Countries like China, India, and Southeast Asian nations are witnessing significant growth in construction activities, road development projects, and erosion control measures. The booming construction industry, coupled with government initiatives to improve infrastructure, has propelled the demand for geotextiles in the region. Moreover, the availability of cost-effective manufacturing capabilities and a large consumer base further contribute to the dominance of the Asia Pacific market.
The fastest-growing segment in the market based on region is the Middle East and Africa. The Middle East and Africa region is witnessing substantial growth in construction and infrastructure projects, including road construction, coastal protection, and erosion control measures. The region's favorable climatic conditions, coupled with increasing investments in infrastructure development, are driving the demand for geotextiles. Additionally, governments in the region are focusing on sustainable development and environmental conservation, leading to the adoption of geotextiles for erosion control and soil stabilization. The rising awareness about the benefits of geotextiles and the implementation of stringent regulations for environmental protection contribute to the rapid growth of the geotextile market in the Middle East and Africa.
Global Geotextile Market By Geography
- Largest
- Fastest
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Geotextiles Market Dynamics
Drivers
Increasing demand in road construction
- The demand for geotextiles in road construction is driven by their effectiveness in ground stabilization, pavement life extension, and cost control. Geotextiles are widely used in the construction of roads, highways, bridges, and pavements to provide filtration and separation functions, preventing material migration and facilitating water movement. They are increasingly considered as an alternative to concrete in the road industry due to their beneficial properties and performance. Pavement damage often occurs due to the contamination of the aggregate base, leading to a loss of aggregate strength. Geotextiles play a crucial role in stabilizing roads by separating and draining the layers of subgrade and base materials. This prevents soil migration into the aggregate base and maintains the strength and performance of the roadway over time.
Restraints
Volatile prices of the raw materials
- The volatility of raw material prices impacts the demand for synthetic geotextiles. Geotextiles are manufactured using synthetic fibers such as polypropylene, polyester, and polyethylene, as well as natural fibers like jute, coir, and ramie. Any fluctuations in the supply and demand of these raw materials can significantly affect the geotextile industry. As synthetic fibers are derived from crude oil, increases in crude oil prices lead to higher costs of raw materials, impacting the geotextile industry. These price fluctuations also affect the operating margins of manufacturers, making it challenging for them to sustain their business in the global geotextile market.
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Geotextiles Market Competitive Landscape
Key players in the market are forming agreements with emerging and smaller companies to enhance their distribution capabilities and expand the market presence of their products. Additionally, manufacturers are prioritizing the establishment of efficient and effective distribution channels to ensure timely product availability for buyers. Leading market players are assessed based on factors such as their geographic coverage, distribution networks, product range, innovation, strategic initiatives, operational capabilities, and brand recognition in the market.
Top Player’s Company Profiles
- Koninklijke Ten Cate B.V. (Netherlands)
- NAUE GmbH & Co. KG (Germany)
- Low and Bonar PLC (UK)
- Propex Operating Company, LLC (US)
- Fibertex Nonwovens A/S (Denmark)
- AGRU America (US)
- Global Synthetics (Australia)
- HUESKER Group (Germany)
- TYPAR (US)
- Machina-TST (Czech Republic)
- Gayatri Polymers & Geosynthetics (India)
- Kaytech (South Africa)
- Carthage Mills (US)
- Terram (UK)
- ACE Geosynthetics (Taiwan)
- Geofabrics Australasia (Australia)
- NAUE Asia Sdn. Bhd. (Malaysia)
Recent Developments
- In June 2021, Core & Main LP, a distributor of wastewater, water, fire protection products, and storm drainage, announced its definitive agreement to acquire the majority of assets belonging to L&M Bag & Supply Co., Inc. L&M is a company focused on geotextiles and geosynthetics products and is recognized for its well-established manufacturing operation of erosion control materials. This strategic acquisition is expected to provide new opportunities and strengthen Core & Main LP's expertise in erosion control on a global scale.
- In February 2021, the BontexGeo Group, a leading European company involved in the sale and production of geotextiles for civil engineering applications, completed the acquisition of Stratex SA. Stratex, a Swiss-based company, specializes in the sale of geosynthetic and building products and holds a strong market position in Switzerland. This acquisition presents a valuable market opportunity for the BontexGeo Group in the geosynthetic business, further expanding its presence and capabilities in the industry.
Geotextiles Key Market Trends
- One key market trend in the geotextile market is the increasing adoption of sustainable and eco-friendly geotextile materials. There is a growing emphasis on environmental conservation and sustainable construction practices, leading to a shift towards geotextiles made from recycled or biodegradable materials. Manufacturers are developing innovative geotextile products that offer comparable performance to traditional materials while reducing their environmental impact. This trend is driven by the demand for more sustainable solutions in construction projects, where geotextiles play a vital role in soil stabilization, erosion control, and infrastructure development.
Geotextiles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global geotextile market analysis, the market is witnessing significant growth driven by factors such as increasing civil engineering activities, rising environmental concerns regarding soil erosion, and the need for sustainable construction practices. Geotextiles are widely used in road construction, erosion control, pavement repair, drainage, agriculture, and other applications. The market is characterized by the dominance of woven geotextiles and the fastest-growing segment being erosion control. In terms of regions, Asia Pacific is the dominant segment due to rapid urbanization and infrastructure development, while the Middle East and Africa show the fastest growth. Key drivers include the high demand for geotextiles in road construction and the rising awareness of environmental regulations. However, the market also faces restraints such as volatile raw material prices. Prominent companies in the market are actively expanding their distribution capacities and focusing on efficient distribution channels. Overall, the market trend is towards sustainable and eco-friendly geotextile materials, aligning with the growing emphasis on environmental conservation and sustainable construction practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.9 Billion |
| Market size value in 2031 | USD 12.37 Billion |
| Growth Rate | 6.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Geotextiles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Geotextiles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Geotextiles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Geotextiles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Geotextiles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Geotextiles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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