PUNE, India, October 20, 2017 /PRNewswire/ --
The report "Geotextile Market by
Material Type (Synthetic, Natural), Product Type (Nonwoven, Woven,
Knitted), Application (Road Construction and Pavement Repair,
Erosion, Drainage, Railway Work, Agriculture), and Region - Global
Forecast to 2022" published by MarketsandMarkets™, the market
is expected to be valued at USD 5.76
Billion in 2017 and is likely to reach USD 9.35 Billion by 2022, at a CAGR of 10.2% from
2017 to 2022.
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Browse 209 Market Data Tables and 56
Figures spread through 102 Pages and
in-depth TOC on "Geotextile
Market"
http://www.marketsandmarkets.com/Market-Reports/geotextiles-market-492.html
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The rising demand of geotextiles due to superior properties and
low cost, high demand in road construction, and growing
infrastructure activities in emerging economies are the key factors
driving the growth of the geotextile market globally.
Synthetic geotextile is the fastest-growing material type
segment of the geotextile market.
Based on material type, the synthetic geotextile segment is
expected to grow at the highest CAGR from 2017 to 2022. Synthetic
geotextile is widely utilized in the construction industry, majorly
for separation and filtration applications. Within the synthetic
geotextile segment; polypropylene and polyester (PET) are the
preferred materials in the construction industry mainly due to the
material being comparatively cheaper than other raw materials.
Nonwoven geotextile is the fastest-growing product type in
the geotextile market.
Based on product type, the nonwoven geotextile segment is
expected to grow at the highest CAGR from 2017 to 2022. Nonwoven
geotextiles are a preferred material for various application
segments of geotextiles as they are capable of withstanding harsh
conditions and challenging construction loads.
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Road construction and pavement repair is the fastest-growing
application segment of the geotextile market.
Based on application, the road construction and pavement repair
segment is expected to grow at the highest CAGR from 2017 to 2022.
Geotextiles help enhance the performance as well as the life of the
road. Thus, there is a high demand for geotextile in this
segment.
Asia Pacific is the
fastest-growing regional segment of the geotextile
market.
The geotextile market in the Asia
Pacific region is expected to grow at the highest CAGR
during the forecast period. China,
India, Japan, and South
Korea are the key countries contributing to the high demand
for geotextiles in the Asia
Pacific region. Availability of cheap labor and raw
materials has resulted in Asia
Pacific to be the preferred region for expansion by various
leading manufacturers across the globe, thus making the region to
be fastest-growing geotextile market.
Some of the leading players operating in the Geotextile
Market include Koninklijke TenCate (Netherlands), Low & Bonar (UK), Fibertex
Nonwovens (Denmark), Thrace Group
(Greece), Huesker (Germany), Berry Global (US), DuPont (US),
Strata Systems (US), Leggett & Platt (US), Officine Maccaferri
(Italy), GSE Environmental (US),
Kaytech (South Africa), Mattex
(Saudi Arabia), NAUE (Germany), Propex Operating Company (US),
Carthage Mills (US), and Asahi Kasei Advance Corporation
(Japan), among others.
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