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Geotextile Market Worth 9.35 Billion USD by 2022

 



(EstateNewsWire.com, June 01, 2019 ) 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.

Request for PDF of Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=492

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.

Don't miss out on business opportunities in Geotextile Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=492

Browse in-depth TOC on "Geotextile Market"
209 - Market Data Tables
56 - Figures
102 -Pages

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.

Purchase the report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=492

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com


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