Lucintel Forecasts Geotextile Market to Grow at a CAGR of 10%

According to the recent study the geotextile market is projected to grow at a CAGR of 10% from 2019 to 2024. Growth in this market is primarily driven by are rising demand for geotextiles due to superior properties and cost savings, high demand for geotextiles in road construction, and growing infrastructural activities in emerging economies.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in geotextile market by material type (synthetic (polypropylene, polyester (PET), polyethylene, polyamide, polyvinyl chloride) and natural  (jute, coir, and ramie)), product type (nonwoven geotextile, woven geotextile, and knitted geotextile), application (road construction and pavement repair, erosion, drainage, railway work, agriculture, sports field construction, and retaining walls), and region (Asia Pacific, North America, Europe, and Rest of the World).

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“Synthetic market is expected to remain the largest segment during the forecast period.”

Based on material type, the geotextile market is segmented into synthetic (polypropylene, polyester (PET), polyethylene, polyamide, polyvinyl chloride) and natural (jute, coir, and ramie). Lucintel forecasts that the synthetic market is expected to remain the largest segment due to its low cost.   

“Within the geotextile market, the nonwoven geotextile segment is expected to remain the largest product type.” 

Based on product type, the nonwoven geotextile segment is expected to witness the largest segment largest segment and woven geotextile is expected to witness the highest growth over the forecast period.

“Asia Pacific will dominate the geotextile market in near future.”

Asia Pacific is expected to be the largest region over the forecast period due to the availability of cheap labor and raw materials.  

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Major players of geotextile market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 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, and others are among the major geotextile providers.

This unique 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/geotextile-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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