Published on : Nov 19, 2019
ResearchMoz.us has announced the addition of a report, titled “Nonwoven Geotextiles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025”. The report on the global Nonwoven Geotextiles market is an in-depth study on the current outlook of the market, key demand dynamics, investment strategies by various players, and lucrative growth avenues. Region-wise it has dug deep into United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
Rising popularity of nonwoven geotextiles owing to their functional and performance advantage over other geotextiles is set to propel the global nonwoven geotextiles market. These are known for their superior filtration capability, high tensile strength, antifreeze and protective traits, ageing resistance, isolation, and corrosion resistance. With a rise in construction expected, the market for geotextiles would grow too. As per GlobalData, in India alone, construction industry is expected to grow at an average rate of 6.4% between 2018 and 2023.
Another important contributor to the growth of global nonwoven geotextiles market is an increase in modern healthcare, especially in the developing markets where a rise in disposable incomes is boosting growth in the market. To add to it, the fact that nonwoven geotextiles are better in terms of being environmental friendly, further propels growth in the studies fabric market. It is primarily because it appeases a large community of environmentally aware groups.
The market is set to grow at a decent CAGR (Compound Annual Growth Rate), increasing the value of global nonwoven geotextile market moderately. Thus, the future for the market looks bright.
The market is fairly fragmented. Most major players deploy strategies such as investment in research and development and product improvement to have an edge over competitors.
Traditionally, the largest market for geotextiles has been the Unites States of America. With large-scale development initiatives underway and the benefit of much developed technology on its side, the country has seen an upward growth trajectory. Contributing to its growth story is also its advanced processing capabilities. As road construction and drainage application in the country gain traction, the nonwoven geotextiles market would see impressive growth stats in the forecast period. Besides, an increase in climate change is leading to an increase in landslides in the region. It is mainly because wetness in soil has increased and that’s leading to deterioration in roads. This again is pushing market forward.
However, it is important to note here that the Asia Pacific (APAC) region is expected to perform extremely well, taking up a major share of revenue from the global nonwoven geotextiles market growth in the forecast period. Countries dominating growth from this region would be China, India and Japan, owing to increase in investment in infrastructure projects. As development continues in this economy, the market for nonwoven fabrics will see more and more opportunities to tap into. There is also low cost of labor and raw materials giving the region an edge as these factors are making it a preferred expansion location for manufacturers.
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Companies covered in the report include Fibertex Nonwovens A/S (Denmark), GSE Environmental, Inc. (US), Hanes Geo Components (US), Low & Bonar PLC (Scotland), Bonar Technical Fabrics (Belgium), Mattex Geosynthetics (Saudi Arabia), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa (Italy), Polymer Group Inc. (US), Propex Operating Company, LLC (US), Raven Industries, Inc. (US), Reliance Industries Limited (India), Royal TenCate NV (Netherlands), TenCate Geosynthetics Americas (US), Tenax Corporation (US), Tensar International Corporation, Inc. (US), Thrace-LINQ, Inc. (US)