Geotextiles Market To Value USD 6.4 Billion Globally By 2018


Posted January 14, 2016 by MOHITTMR

Global market for geotextiles was valued at USD 3.2 billion in 2011 and is expected to reach USD 6.4 billion in 2018, growing at a CAGR of 10.3% from 2012 to 2018

 
The global geotextiles market is expected to reach US$6.4 bn in 2018 after displaying a CAGR of 10.30% between 2012 and 2018, according to Transparency Market Research. The market was valued at US$3.2 bn in 2011. The data is provided in a research report released on the Transparency website under the title “Geotextiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”.

Browse The Full Geotextiles Market Report At : http://www.transparencymarketresearch.com/geotextiles-market.html

According to the report, the primary driver for the global geotextiles market is the rapid rate of growth of the industry of construction, within the fields of bridges, dams, roadways, and other infrastructural amenities. Construction is a core application segment of the global geotextiles market; therefore, any factors that influence construction will indirectly affect the global geotextiles market.The report also explains the impact of the booming construction sectors in the BRIC nations. As their rate of industrialization has increased, the global geotextiles market gets its demand index raised. The market’s growth is further bolstered by government regulations that fall in favor of geotextile usage and international investors that are looking to developing nations for modern markets.

The report also delves into the restraining factors for the global geotextiles market. These include the volatility in raw material pricings. Polyester and polypropylene are the key raw materials used in manufacturing geotextiles. As the stockpiles of non-renewable resources decline, fluctuations in price can hinder the growth of the global geotextiles market. The report also describes the effect that a lack of standardization can have on the global geotextiles market, in terms of mechanical and physical properties.With products as the locus of the report, the global geotextiles market is segmented into knitted, woven, and non-woven. Among these, the global geotextiles market was dominated by non-woven textiles, which held a share of almost 60% in 2011. The report, however, states that the non-woven textiles segment is expected to lose market share to the segment of woven fabrics, which is currently increasing at a rapid rate.

Get Free Sample Research Report on Geotextiles Market : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=860

From the perspective of applications, the global geotextiles market is divided into drain management, soil erosion prevention and control, roadway construction, and others. The segment of roadways construction was recorded to be around US$1.5 bn in 2011.The report also provides a geographical segmentation of the global geotextiles market, which reveals Asia Pacific to be the market leader for 2011 with a share of almost 41% in the market. According to the report, the geotextiles market in Europe could reach US$1.6 bn by 2018, while the North America geotextiles market is expected to progress at a CAGR of 9.90%.Key players in the global geotextiles market, as described in the report, are Propex, Low & Bonar, Officine Maccaferri, NAUE GmbH & Co. KG., GSE Holding, Inc., and Royal TenCafe.

Key segments of the Global Geotextiles Market

Geotextiles Market – Product Segment Analysis
Nonwoven
Woven
Knitted

Geotextiles Market –Application Analysis
Roadway construction
Soil erosion prevention & control
Drain management
Others

Geotextiles Market - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Issued By Mr. Sudip. S
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Categories Business , Industry , Textile
Tags geotextiles market , geotextiles market research reports , geotextiles market share , global geotextiles market industry
Last Updated January 14, 2016