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Top trends in geotextile market detailed in new research report

Industrial Market Research

The Geotextile Market is further predictable to grow at a CAGR of 12.37% from 2018 to reach USD 10.31 Billion by the year 2023.

GLOBAL GEOTEXTILE MARKET Make an Inquiry about this news was valued at USD 4.45 Billion in the year 2017. 

Asia Pacific region holds the maximum market share in 2017 whereas European region is regarded as the fastest growing market in the forecasted period. Developed markets like China as well the emerging markets like India with largest population base holds the notable market share in 2017 at country level and it is expected to grow strongly in the next 5 years.

Koninklijke Ten Cate bv. (Netherlands), Low & Bonar (UK), NAUE GmbH & Co. KG (Germany) and GSE Environmental (US) are some of the major players in the Geotextile Market with Koninklijke Ten Cate bv having the substantial market share because of its wide global presence both at production and at an operational level.

Rising research and development expenses to cater changing demand of end users, new product launches, the government offered contributions and organic growth strategies were few systems adopted by various manufacturers in last 5 years.

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Drivers:

           Growing Investments for R&D and new product launches

           Promotional grants provided by various governments for geo-textile production

Restraints:

           Degradation of polypropylene

Opportunities:

           Rising demand for natural fibers in geotextiles

Challenges:

          High production cost due to technical specifications

Amongst various Implementation Types, Road construction segment is expected to hold the highest market share during the forecast period because of its growing popularity and product durability.

On the other hand Agriculture Segment for Geotextile Market is expected to grow at the highest CAGR of XXX during the year 2017-2022 because of the easy availability of the end textile products.

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Key Benefits for Stakeholders

Geotextile Manufacturers, Distributors, and Retailers

Industrial Textile Raw material suppliers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type

Synthetic

Natural

By Implementation Type

Road Construction

Railways

Agriculture

Others

By Product Type

Woven

Non-Woven

Knitted

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

1 Koninklijke Ten Cate bv. (Netherlands)

2 GSE Environmental (US)

3 Low & Bonar (UK)

4 NAUE GmbH & Co. KG (Germany)

5 Officine Maccaferri SpA (Italy)

6 Fibertex Nonwovens A/S (Denmark)

7 Huesker Synthetic GmbH (Germany)

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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