Geotextiles Market Analysis

Geotextiles Market Analysis

Global synthetic material market size from polypropylene may witness gains close to 9.5% up to 2024. These materials offer high resistance to harmful chemical environment which makes them suitable for waste containment applications and other heavy-duty construction projects. Polypropylene designed products offer superior permeability which prevents waterlogging, erosion and gives a dryer and more stable ground base for construction. Abundant availability along with cost effective nature of the raw material is likely to foster the material demand in the geotextiles market share.
 

Global natural material market size from jute is likely to exceed USD 200 million by 2024. Growing environmental concerns and government regulations towards carbon emission has urged manufacturers to formulate natural and eco friendly materials in the production which shows huge opportunities for market growth. Jute products provide high moisture absorption capacity, flexibility, bio-degradable properties and low cost as compared to synthetic products. Increasing awareness towards the unique qualities of jute has shifted consumer inclination towards eco-friendly products which is likely to boost the material demand.
 

Global non-woven geotextiles market size may witness gains close to 9.5% up to 2024 pertaining to the growing application outlook in erosion control, railway and road construction activities. These products prevent soil movement in erosion control measure and withstand severe environment dynamics. These products are prefabricated in large sheets which can be installed quickly, thereby reducing road construction time. Growing urbanization along with favourable government initiatives to improve infrastructure development shall further drive the product demand.
 

Global woven market size is likely to exceed USD 1,860 million by 2024. These products provide superior tensile strength and hydro-filtration properties which enables filtration of particles and draining water coupled with soil enforcement, favouring the industry growth. Woven products reduce the need for expensive soil remediation steps owing to their ability to provide stabilization during construction of embankments over soft soils and steepened slopes. These products improve longevity, performance of the structure and effectively reduce environmental impact which is likely to fuel the product demand.
 

Road construction application is likely to surpass USD 4 billion up to 2024 on account of huge growth in automobile sales. These materials are used for separation & filtration in road construction as they protect from migration of small gravels & sand and fill gaps between the roads to improve soil structure. It enhances the stability and decreases the chances of wind & water erosion, thereby strengthening the road durability for a longer time. Increasing consumer spending on automotive growth along with rising government spending on road infrastructure should further propel geotextiles market demand.
 

Railroad application may witness gains at over 6.5% upto 2024. Railroad construction requires solutions for track-bed separation, soil erosion control and embankment stabilisation to improve the performance and eliminate clogging problems. The product separates the layers of the track to support rail structure, reduce penetration of granular particles, thereby maintaining the thickness of granular layers which increases the track lifetime. Increasing government concerns towards the maintenance & quality of railroads owing to rising accidents has boosted the demand for highly durable materials which should further stimulate the product demand.  
 

North America, driven by the U.S., Canada and Mexico geotextiles market share may record gains over 8.5% by 2024 owing to the rapid growth in industrialization and increasing ongoing projects related to landscape restoration. Increasing technological advancements and research & development activities have enabled the development of materials which require less maintenance and offer extend life span which is the key driving factor of the market. Growing awareness towards the advantages of product over other materials such as plastic and metal is likely to induce the regional growth.
 

Europe market demand driven by Germany, UK, France, Italy and Spain may surpass over USD 2.5 billion in the projected time period pertaining to the growing demand for sustainable, eco-friendly solutions in roads, railways and building construction in the region. Growing health and environmental concerns posed by rapid urbanization have increased the demand of green infrastructure solutions. Eco-friendly infrastructure provides cost efficiency, energy savings and reduces pollution and environment degradation. Increasing government focus on enhancing road infrastructure owing to growing automotive sales along with growing consumer spending on premium quality materials should drive the market growth.
 

Asia Pacific driven by China, India, Japan, South Korea, Thailand, Malaysia and Australia geotextiles market demand may register gains at over 10.5% during the projected timespan pertaining to the huge growth in construction industry in the region. Favourable government initiatives for national infrastructure improvement, growing urbanization and availability of skilled workforce shall further strengthen the product demand. Government policies are further emphasizing on creating large cluster cities with infrastructural advancements that provide high durability and longevity which shall induce the regional growth.