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 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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Growing Investments for R&D and new product launches
Promotional grants provided by various governments for geo-textile production
Degradation of polypropylene
Rising demand for natural fibers in geotextiles
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
Regulatory bodies, policy actors, and consumers.
By Implementation Type
By Product Type
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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