According to a new market report by Lucintel, the future of the geotextile market looks promising with opportunities in the road construction and pavement, repair, erosion, drainage, railway, work, and agriculture applications. The geotextile market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are rising demand for geotextiles due to superior properties and cost savings in road construction, and growing infrastructural activities in emerging economies.
In this market, nonwoven geotextile, woven geotextile, and knitted geotextile are the major product types. Nonwoven geotextile is the largest product type.
Within the geotextile market, road construction and pavement, repair, erosion, drainage, railway, work, and agriculture are the major applications. Road construction and pavement is the largest application segment for geotextile market.
Synthetic material (polypropylene, polyester, polyethylene, polyamide, polyvinyl chloride) and natural (jute, coir, ramie, and others) are the major material type segments of the geotextile market.
Asia Pacific will remain the largest market over the forecast period due to the availability of cheap labor and raw materials.
Koninklijke TenCate, Low & Bonar, Fibertex Nonwovens, Thrace Group, Huesker, Berry,DuPont, Strata Systems, Leggett & Platt, Officine Maccaferri, GSE Environmental, Kaytech, Mattex, NAUE, Propex Operating Company, Carthage Mills, and Asahi Kasei Advance Corporation, are among the major manufacturers of geotextiles.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the geotextile market by material type, product type, application, and region. Lucintel has prepared a comprehensive research report entitled "Geotextile Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the geotextile market by material type, product type, application, and by region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
• Nonwoven Geotextile
• Woven Geotextile
• Knitted Geotextile
By Material Type [$M shipment analysis for 2013 – 2024]:
• Synthetic
− Polypropylene
− Polyester (PET)
− Polyethylene
− Polyamide
− Polyvinyl Chloride
− Others
• Natural
− Jute
− Coir
− Ramie
By Application [$M shipment analysis for 2013 – 2024]:
• Road Construction and Pavement Repair
• Erosion
• Drainage
• Railway Work
• Agriculture
• Others
• Sports Field Construction
• Retaining Walls
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• The Rest of the World
More than 150-page 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…… [email protected].
About Lucintel
Lucintel, the premier management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the geotextile market by application (road construction and pavement repair, erosion, drainage, railway work, agriculture, sports field construction, and retaining walls), by material type (synthetic-polypropylene, polyester (PET), polyethylene, polyamide, polyvinyl chloride, natural- jute, coir, and ramie), by product type (nonwoven geotextile, woven geotextile, and knitted geotextile), and by region (Asia Pacific, North America, Europe, and Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the geotextile market?
Q.5 What are the business risks and threats to the geotextile market?
Q.6 What are emerging trends in this geotextile market and the reasons behind them?
Q.7 What are some changing demands of customers in the geotextile market?
Q.8 What are the new developments in the geotextile market? Which companies are leading these developments?
Q.9 Who are the major players in this geotextile market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, geotextile market?