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Market Research Report
Product code
818731
Geotextiles Market Size, Share & Trends Analysis Report By Material (Polypropylene, Polyethylene), By Application (Road Construction, Erosion Prevention), By Product, By Region, And Segment Forecasts, 2020 - 2027 |
Geotextiles Market Size, Share & Trends Analysis Report By Material (Polypropylene, Polyethylene), By Application (Road Construction, Erosion Prevention), By Product, By Region, And Segment Forecasts, 2020 - 2027 |
Published: February 13, 2020
Grand View Research, Inc.
Content info: 122 Pages
Delivery time: 2-10 business days
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The global geotextiles market size is expected to reach USD 11.3 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 11.9% over the forecast period. Increasing adoption of geotextiles in road construction and infrastructure development activities is expected to drive the market growth over the forecast period.
Innovations by manufacturers are backed by government and regulatory bodies to improve product properties, which, in turn, would contribute to the market growth. Governments across various countries are actively participating in geotextile production as it creates ample employment opportunities and helps in the improvement of adverse environmental conditions. Geotextiles are used in soil to improve stability and to protect land surface to promote vegetation growth. The product also plays a significant role in soil erosion control and helps mitigate soil erosion. On-going research related to the use of geotextiles for soil erosion prevention in unpredictable climatic conditions is expected to aid in promoting their application in erosion prevention over the forecast period.
In emerging countries such as India and China, there is an absence of a standardized manufacturing process, resulting in lower quality products with differentiated standards. However, increasing focus on exports to international markets by local producers is expected to compel them to adopt advanced manufacturing techniques.