Global Geotextile Market Size to Reach USD 25.34 Billion in 2032 | Emergen Research

Vancouver, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The global geotextile market size is expected to reach USD 25.34 Billion in 2032 and register a steady revenue CAGR of 10.3% over the forecast period, according to the latest analysis by Emergen Research. Growing consumption of bio-based geotextiles is expected to drive market revenue growth. Bio-based geotextiles are created using different natural materials, such as agricultural products and waste materials. Examples of these bio-based geotextiles include geotextiles made from maize-based Polylactic Acid (PLA), erosion mats crafted from sheep wool, and mats formed from straw and coconut fibers. These bio-based geotextiles come with several important benefits. They are efficient in their use of resources and can help lower or even eliminate Greenhouse Gas (GHG) emissions.

In addition, these materials are lightweight, which helps reduce costs for their application and transportation. Bio-based geotextiles are particularly useful for shorter timeframes, lasting from 6 months to 10 years, where their ability to break down naturally is a positive feature. These geotextiles are used as a cover to improve plant growth, ensure survival of plants, and prevent soil erosion. In cases where sheet mulch is used, these geotextiles can even include seeds that grow into plants, helping to stabilize the soil as the geotextile breaks down naturally. They can also function as filters in both industrial and agricultural settings, and they can also absorb substances such as oil and chemicals. If organizations can benefit from any of these capabilities, they might consider incorporating bio-based geotextiles into their procurement process.

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However, rising popularity of geotextile alternatives such as geogrids is expected to restrain market revenue growth. Using geogrids in various construction applications comes with numerous advantages. They have the potential to lower overall project expenses, as their apertures accommodate a wide range of fill materials, enabling contractors to utilize less costly soils. Geogrids can also expedite construction timelines, contributing to an overall reduction in project costs. They minimize the depth of excavation necessary on unfavorable subgrades.

In addition, geogrids enhance safety and increase seismic resilience by stabilizing slopes and reinforcing soil strength. By mitigating the differential settlement of roadways, geogrids diminish the need for maintenance and extend lifespan of paved roads. These materials display robust resistance to soil microorganisms, chemicals, Ultraviolet (UV) radiation, and mechanical wear. Depending on manufacturing methods and materials, geogrids can even be engineered to withstand creep when exposed to substantial long-term loads or resist intense, short-term dynamic pressures. These factors are creating a high demand for these geogrids which is expected to retrain revenue growth of the market.

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Scope of Research

Major Companies and Competitive Landscape

The global geotextile market is fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective database security. Some major players included in the global geotextile market report are:

• TenCate Protective Fabrics
• GSE Group Inc.
• Naue GmbH & Co. KG
• Officine Maccaferri Spa
• Low & Bonar
• Propex Operating Company, LLC.
• Fibertex Nonwovens A/S
• TENAX SPA
• AGRU America Inc
• Global Synthetics

Strategic Development

On 15 March 2021, Puerko Sp. z.o.o. announced the installation of an Andritz needle punch line in Myszków, Poland. This line was utilized to process recycled fibers obtained from discarded garments, to produce specialized technical felts for applications in furniture and geotextiles. The resulting products encompassed fabric weights spanning from 300 to 500 gsm, and the production capacity was capable of achieving up to 750 kg/h. The process of installation and commencement was originally slated for the third quarter of 2021.
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Some Key Highlights From the Report

• The woven segment is expected to account for largest revenue share in the global geotextile market during the forecast period. Woven geotextile is a form of geotextile known for its robustness and durability, suitable for various applications. It features a continuous yarn on both sides to fully harness technical attributes of the yarn, ensuring high strength even under minimal stretching. The yarns are woven together at perpendicular angles. While friction and prolonged usage might lead to yarn weakening in some cases, the inherent strength of the woven geotextile yarns provides resistance against such conditions.
• The road construction segment is expected to account for a significantly large revenue share in the global geotextile market over the forecast period. Geotextile offers a range of advantages in road construction, including enhanced durability, stability, and overall performance. Through its ability to thwart soil erosion, geotextile not only curtails maintenance expenses but also elongates road's operational life. This material works to stabilize subgrade and halt soil erosion, ultimately yielding a road infrastructure that is both sturdier and more enduring. The prevention of soil erosion through geotextile employment contributes to decreased maintenance outlays and a prolonged road lifespan which is a major factor driving revenue growth of this segment.
• The North America market is expected to account for largest revenue share in the global geotextile market during the forecast period. This is attributed to increasing activities by key market players in countries in this region. For instance, Solmax, a renowned worldwide producer of top-notch polyethylene geomembranes used in industrial and environmental contexts, has come to a mutual agreement with Koninklijke Ten Cate from the Netherlands for the acquisition of TenCate Geosynthetics, a prominent global supplier of geosynthetics and industrial fabrics. Caisse de Dépôt et Placement du Québec (CDPQ) and Fonds de solidarité FTQ, longstanding financial associates of Solmax, are both contributing to this transaction through investments.

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For the purpose of this report, Emergen Research has segmented the global geotextile market based on material type, product, application, end-use, and region:

• Material Type Outlook (Revenue, USD Billion; 2019–2032)
  • Natural
    • Jute
    • Others
      • Coir
      • Ramie
  • Synthetic
    • Polypropylene
    • Polyester (PET)
    • Polyethylene
    • Others
      • Polyamide
      • Polyvinyl Chloride
• Product Outlook (Revenue, USD Billion; 2019–2032)
  • Woven
    • Slit Tape Woven
    • High Strength Woven
  • Non-woven
    • Light Weight
    • Medium Weight
    • Heavy Weight
    • Paving Fabrics
  • Knitted
• Application Outlook (Revenue, USD Billion; 2019–2032)
  • Road Construction
  • Erosion Control
  • Drainage Systems
  • Railway Construction
  • Landfill and Waste Containment
  • Soil Reinforcement
  • Pavement Construction
  • Agriculture
  • Others
    • Sports field construction
    • Retaining walls
• End-Use Outlook (Revenue, USD Billion; 2019–2032)
  • Transportation
  • Agriculture
  • Construction
  • Mining
  • Water management
  • Others
• Regional Outlook (Revenue, USD Billion; 2019–2032)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Rest of MEA

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