Global Geotextiles Market

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 News

  • 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.
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FAQs

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).

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. 'Koninklijke Ten Cate B.V. (Netherlands)', 'GSE Holdings, Inc. (US)', 'NAUE GmbH & Co. KG (Germany)', 'Officine Maccaferri S.p.A. (Italy)', 'Low and Bonar PLC (UK)', 'Propex Operating Company, LLC (US)', 'Fibertex Nonwovens A/S (Denmark)', 'TENAX Group (Italy)', 'AGRU America (US)', '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)'

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.

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.

Asia Pacific dominated the 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.

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Global Geotextiles Market

Report ID: SQMIG25M2015

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