Geotextile Market size is forecast to reach $10 billion by 2025, after growing at a CAGR of 9.6% during 2020-2025. Geotextile is currently experiencing rapid growth due to strict government controls on the commercial usage of geotextiles. Also, the global demand for geotextiles is growing due to numerous functional properties such as its mechanical responses, filtration ability, and chemical resistance over other products. Besides, rising investment in infrastructure developments owing to its physical, mechanical, and endurance properties the market for the geotextile industry is expected to drive in the forecast period.
Type - Segment Analysis
Non-Woven Geotextile is extensively used in Geotextile Market. Nonwoven geotextiles are permeable Geosynthetics made of nonwoven materials used with soil, rock, or other geotechnical-related material as an integral part of a civil engineering project, structure, or system. With the functionality of providing an avenue for water flow, nonwoven geotextiles are increasingly being used in road construction, drainage, and erosion control. Additionally, innovation in the use of nonwoven geotextiles within drainage subsystems and the increasing lifespan of dumps are further expected to help the market growth. Also, Nonwoven geotextiles are witnessing a significant demand for transport infrastructure projects on account of their high tensile strength and low cost.
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Material- Segment Analysis
Synthetic material is used widely in the Geotextile Market. Polyamides, polyethylene, polypropylene, and polyester are the synthetic polymers that are used in geotextile production. Geotextile fabrics are used to make networks, mats, nets, and webs. The biological or chemical reactions/processes do not affect synthetic fibers. The geotextiles have evolved and currently, due to their properties such as flexibility and suitable texture, geotextiles are largely used in civil engineering applications. Also, in the construction industry synthetic geotextile is widely used, mainly for separation and filtration applications. Polypropylene and polyester are the preferred materials in the construction industry within the synthetic geotextile segment, primarily due to their lower cost compared with other raw materials.
Application - Segment Analysis
Road Industry held the largest share in the Geotextile Market in 2019 and is projected to grow at a CAGR of 7.2% during the forecast period 2020-2025. Geotextiles have proven to be the ideal solution for problems with ground stabilization, rising pavement life, restoring and rehabilitating highways, cost control, and enhanced road lifespan. The use of geotextile in the road constructions, worldwide, has expanded considerably over the past decade. Geotextiles have proven to be the optimal solution for ground stabilization problems, increasing pavement life, repairing and rehabilitating highways, cost control, and improved road lifespan, from major motorways to roads. Also, geotextiles are one of the basic materials used for filtration and separation functions in the construction of roads, highways, flyovers, bridges, and pavements as they help prevent the migration and mixing of materials and allow the free flow of water. Geotextiles are thus emerging as an alternative for concrete in the road industry and are estimated to rise over the forecast period.
Geography- Segment Analysis
The Asia Pacific held the largest share with 47% in Geotextile Market in 2019. The market for geotextiles in the APAC region is mainly driven by the ongoing developments in the construction industry. Geotextile materials are synthetic structures that are permeable and are used primarily in building applications. Separation is the fundamental use of geotextiles and is commonly used in the building of roads and railways. Geotextile offers great physical performance and durability advantages owing to which these materials are used in road, highways, and railroads. China is expected to be the major market for geotextiles in the region. According to the International Trade Administration, China spent $81.5 billion on urban rail transport construction in 2018, with an increase of 14.9 percent year-on-year and had a total of 6,370 km of new lines under construction. China has planned a total of 9,500 km expected in operation country-wide by 2021 with Jinan, Lanzhou, Changzhou, Xuzhou, and Huhhot planning to put new metro lines into operation in 2019. Also, according to the India Brand Equity Foundation, Indian Railways’ revenues increased at a CAGR of 6.20 percent during FY08-FY19 to US$ 27.13 billion in FY19, as well as the total national highways length increased to 122,434 km in FY18 from 92,851 km in FY14. Hence, leading construction activities of roads and railways will further drive the market in the forecast period.
Drivers – Geotextile Market
Growing consumption of bio-based geotextiles
Bio-based geotextiles are produced from diverse bio-based materials, such as agricultural products and waste streams. Examples of bio-based geotextiles include maize-based PLA geotextiles, sheep wool erosion mats, and straw and coconut erosion mats. Some of the key advantages of bio-based geotextiles are resource efficiency and reduction/elimination of greenhouse gas (GHG) emissions. These materials are light in weight and thus reduce the cost of application and transport. Also, because of the abundant availability and sustainable nature Jute is the most widely consumed form of natural geotextile on the global market. Geotextile jute boosts soil nutrition and is less expensive than other natural geotextiles. Other advantages of jute are its high ability to absorb moisture, excellent drape ability, high initial tensile strength, low break extension, high spin capability, and bid ability. Also, jute geotextile characteristics such as flexibility and high capacity for absorption of moisture have made it a preferred material in the civil engineering field.
Increasing use of geotextiles in marine and coastal structures
Modern construction techniques utilize a single carefully-selected geotextile layer, to provide the necessary hydraulic and mechanical properties and to prevent leaching of the underlying soil. Geotextile is quicker and easier to install than stone layers, and its factory-controlled properties mean a more consistent efficiency. Robust geotextiles minimize the amount of lost material into soft subsoil at the toe. And mitigate differential settlement. Applications covered include marine revetments, basal filters, basal reinforcement, breakwaters, containment dykes and seawalls, protection dykes and reinforced dunes, artificial reefs, and submerged breakwaters and miscellaneous offshore use. For each of these applications, the geotextile solution is presented along with important performance aspects. Nhava Sheva Port Project near Bombay is the first of its kind in India where the use of geotextiles has been specified extensively to the tune of 106 m2 under general reclamation area, roads, reclamation bunds, and guide bund. Woven geotextiles of varying strengths have been applied as separation and drainage layers and also as soil reinforcement.
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Challenges –Geotextile Market
Volatile prices of raw materials impact synthetic geotextile demand
Geotextiles are made from synthetic fibers such as polypropylene, polyester, and polyethylene, as well as natural fibers such as jute, coir, and ramie. Any shift in the demand and supply of these raw materials could affect the geotextile industry significantly. The components of synthetic fibers are extracted from crude oil, thus the increase in crude oil prices leads to higher prices of raw materials, thus affecting the geotextile industry. The fluctuations in raw material prices also affect the manufacturers' operating margins, which in turn makes it difficult for them to sustain themselves on the global geotextile market.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Geotextile Market.In2019, the market of Geotextile Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Geotextile Market are Huesker Synthetic GmbH, CTM GEO Synthetics, Leggett & Platt Incorporated, The Dow Chemical Company, Kaytech, Asahi Kasei Advance Corporation, Low & Bonar PLC., Royal Ten Cate Corporate EMEA, GSE Holdings Inc., and Tenax among others.
Acquisitions/Technology Launches
In September 2017, Hueskar Russia began production at its Klin plant, Russia to strengthen the company's position in the European market. The new facility is spread over about 5,000 m² and is engaged in the manufacture of tried and tested geotextiles such as Hatelit, Basetrac, and Stabilenka.
In January 2017, Hanes Geo Components, a subsidiary of Leggett & Platt, signed an agreement to acquire Terrafix Geosynthetics Inc. With this acquisition the company's strategy of developing a distribution network for geotextile and erosion control products in North America was successful.
Key Takeaways
APAC dominates the Geotextile Market due to the prolonged lifespan and cost-effectiveness of geotextiles, coupled with increasing environmental concerns regarding soil erosion, which are expected to drive demand for geotextiles.
It is anticipated that increased use of geotextiles in a wide range of construction applications such as roads, landfills, drainage structures, and harbors to enhance soil stability will drive market growth over the forecast period.
Owing to the lockdowns to tackle the Covid-19 outbreak, construction projects have been stopped. Hence, the construction industry is facing problems in the production of geotextiles and will continue hampering the growth of the Geotextiles Market in 2020-2021.
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