Geotextiles Market Is Likely To Up Demand At A USD 11.82 Billion By 2030: Grand View Research Inc.


 San Francisco, 19 Dec 2022: The Report Geotextiles Market Size, Share & Trends Analysis Report By Material (Polypropylene, Polyethylene), By Application (Road Construction), By Product, By Region, And Segment Forecasts, 2022 - 2030

The global geotextiles market size is expected to reach USD 11.82 billion by 2030, registering a CAGR of 6.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The demand for geotextiles is expected to witness a significant growth owing to wide application including road construction, erosion control, and drainage systems among others.

The regulatory trends regarding the environmental protection in mining and landfills has ensured the penetration of geotextiles in these applications; thereby having a positive impact on the market growth. In addition, the government agencies in the developed economies of Europe including the UK and Germany have made the use of geotextiles in road construction mandatory, resulting in market growth.

Cost-effectiveness and longer lifespan of geotextiles as compared to other materials and the growing environmental concerns regarding soil erosion are projected to drive the product demand across the globe. Initiatives by foreign regulatory bodies and promotional policies have aided in increasing the awareness related to the benefits offered by geotextiles. All these factors are contributing to the growing demand for geotextiles in the global market.

The market is characterized by the presence of large-scale manufacturers catering the global demand. The demand for geotextiles is high in developing economies including India, and China, owing to the sanction and commencement of infrastructural development projects in the developing economies.

Access Research Report of Geotextiles Market @ https://www.grandviewresearch.com/industry-analysis/geotextiles-industry

Geotextiles Market Report Highlights

  • The growing demand for woven is likely to grow at a CAGR of 6.2% in the forecast period.
  • Non-woven is expected to be the fastest-growing segment and is anticipated to reach USD 7.91 billion in revenue by 2030, owing to its unique properties such as absorbency, liquid repellency, and mechanical strength.
  • The road construction application segment is anticipated to dominate the market accounting for 47% of the market in 2021 owing to increasing construction activities, especially in the Asia Pacific region.
  • Asia Pacific region accounted for a market share of 54% of the global geotextiles market in 2021, owing to the sanction and commencement of infrastructural development projects in the developing economies in the region is expected to drive the demand for construction products.
  • Key market players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby advancing their market share.

List of Key Players in Geotextile Market

  • Koninklijke Ten Cate B.V.
  • GSE Holdings, Inc.
  • NAUE GmbH & Co. KG
  • Officine Maccaferri S.p.A.
  • Low and Bonar PLC
  • Propex Operating Company, LLC
  • Fibertex Nonwovens A/S
  • TENAX Group
  • AGRU America
  • Global Synthetics
  • HUESKER Group
  • TYPAR
  • Machina-TST
  • Gayatri Polymers & Geo-synthetics

Access Press Release of Geotextiles Market @ https://www.grandviewresearch.com/press-release/global-geotextiles-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more