According to a new market report by Lucintel, the future of the geotextile market looks promising with opportunities in the road construction and pavement, repair, erosion, drainage, railway, work, and agriculture applications. The geotextile market is expected to grow with a CAGR of 10% from 2019 to 2024. The major drivers for this market are rising demand for geotextile in road construction and growing infrastructural activities in emerging economies.
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Synthetic material (polypropylene, polyester, polyethylene, polyamide, and polyvinyl chloride) and natural (jute, coir, ramie, and others) are the major material used for manufacturing of geotextile. Synthetic material will remain the largest segment over the forecast period due to its low cost.
In this market, nonwoven geotextile, woven geotextile, and knitted geotextile are used in various applications. Nonwoven geotextile will remain the largest segment and woven geotextile is expected to witness the highest growth over the forecast period.
Within the geotextile market, road construction and pavement will remain the largest application during the forecast period.
Asia Pacific will remain the largest region over the forecast period due to the availability of cheap labor and raw materials.
Koninklijke TenCate, Low & Bonar, Fibertex Nonwovens, Thrace Group, Huesker, Berry Global, DuPont, Strata Systems, Leggett & Platt, Officine Maccaferri, GSE Environmental, Kaytech, Mattex, NAUE, Propex Operating Company, Carthage Mills, and Asahi Kasei Advance Corporation, are among the major manufacturers of geotextiles.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the geotextile market by material type, product type, application, and region. Lucintel has prepared a comprehensive research report entitled "Geotextile Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the geotextile market by material type, product type, application, and by region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Nonwoven Geotextile
Woven Geotextile
Knitted Geotextile
By Material Type [$M shipment analysis for 2013 – 2024]:
Synthetic
Polypropylene
Polyester (PET)
Polyethylene
Polyamide
Polyvinyl Chloride
Others
Natural
Jute
Coir
Ramie
By Application [$M shipment analysis for 2013 – 2024]:
Road Construction and Pavement Repair
Erosion
Drainage
Railway Work
Agriculture
Others
Sports Field Construction
Retaining Walls
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wearable-display-market.aspx or helpdesk@lucintel.com.
About Lucintel
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