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Geotextile market to hit $9.35 billion growing at 10.2% CAGR due to nonwoven & synthetic segment to 2022 illuminated by new report

Geotextile market to hit $9.35 billion growing at 10.2% CAGR due to nonwoven & synthetic segment to 2022 illuminated by new report

Synthetic geotextile is expected to be the largest & fastest-growing segment of global geotextile market, by material type during the forecast period of 2017 to 2022. The polypropylene geotextile segment is expected to be the largest material type sub-segment of the synthetic geotextile type.

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The factors inhibiting the growth of the geotextile market includes the volatile raw material prices affecting the demand for synthetic geotextile. Koninklijke TenCate (Netherlands), Low & Bonar (UK), Fibertex Nonwovens (Denmark), Thrace Group (Greece), Huesker (Germany), Berry Global (US), DuPont (US), Strata Systems (US), Leggett & Platt (US), Officine Maccaferri (Italy), GSE Environmental (US), Kaytech (South Africa), Mattex (Saudi Arabia), NAUE (Germany), Propex Operating Company (US), Carthage Mills (US), and Asahi Kasei Advance Corporation (Japan) are the leading players in the geotextile market.

The nonwoven geotextile segment accounted for the largest share of the geotextile market in 2016. Synthetic geotextile is the largest material type segment of the geotextile market.

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Companies have adopted strategies such as new product launches, supply contracts, and plant expansions to meet the growing demand for geotextile and to increase their market shares. Material type during the forecast period.

The polypropylene geotextile segment is expected to be the largest material type subsegment of the synthetic geotextile type. This segment is also expected to register the highest CAGR in the global market.

Scope of the Report: This research report categorizes the geotextile market based on material type, function, end use, and region, forecasting revenues as well as analyzing trends in each of the submarkets.

1        Based on Material Type:

  1. Synthetic
  2. Polypropylene
  3. Polyester (PET)
  4. Polyethylene
  5. Ramie

2        Based on Product Type:

  1. Nonwoven Geotextile
  2. Woven Geotextile
  3. Knitted Geotextile

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Within the synthetic geotextile segment, polypropylene is a preferred material especially for the applications in the construction industry since it is cheaper in comparison to other raw materials. This large share is mainly attributed to the material being cost-effective and the key functional properties which make it a preferred material especially for the construction industry.

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