Global geotextiles market trends are witnessing a positive growth momentum owing to the booming agricultural and construction sectors. Replacement of aging infrastructure along with modern pavement design and maintenance techniques in urban areas will significantly prompt the use of geotextile products.

Nowadays, geotextile has become an emerging concept for civil engineering and for many infrastructure applications like roads, drainage structures, landfills and other projects, offering a significant revenue potential worldwide.

Geotextiles have become among the extensively deployed construction materials to address increasing road traffic and environmental loads on roads and pavement rehabilitation in urban areas, two of the key issues that government agencies have to face. Utilization of geotextile and geotechnical fabrics has expanded rapidly in recent years for delivering performance enhancing and cost saving design choices for roadways.

For construction segment, geotextile has become one of the prominent choices as it:

• Helps in reducing the rate of deterioration and erosion
• Lowers the cost of operating vehicles by proving smooth running surface
• Improves the reliability of the road
• Enhances safety of road users

Enumerated below are key trends defining potential opportunities for global geotextiles market:

Increasing adoption in drainage application

Geotextiles are playing a pivotal role in reinforcing drainage, filtration, and erosion control systems worldwide. Drainage systems that incorporate geotextile products ensure excellent filtration and drainage properties, besides being widely adopted for filtration applications such as wall drains, retaining walls, among others, subsequently impacting geotextiles industry size.

Infrastructure giants are looking to incorporate latest innovations in geotextile designs which offer environmental protection and are significantly easier to use through customized and sophisticated products. Similar developments in the pipeline sector are positively influencing geotextiles industry outlook.

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According to reports, geotextiles market share from drainage application is anticipated to exceed USD 1.7 billion by 2024. Over the years, these products have helped contractors and engineers to solve myriad of geotechnical problems such as construction costs, schedule delays, change orders, and other advantages.

Expanding construction sector in Europe

Increased investments in new buildings along with higher spending on sustainable infrastructure and modernisation programmes in countries like Germany have boosted the demand for residential and commercial infrastructure.

Growing demand for non-woven and woven geotextile products in road construction helps in improving strength and provide reinforcement properties, increasing the life span of road structure and substantially reduce long-term maintenance costs. Booming infrastructure development in Europe will certainly fuel geotextiles market size.

Speaking about numbers, the construction sector had amounted to 8.6% of the EU’s total GDP in 2016 and was anticipated to witness a steady growth of 3% in 2018. Europe geotextiles industry will witness profitable outlook, with a slew of construction projects in the pipeline. Favourable government initiatives and stringent regulations toward infrastructure development, water management and transportation are slated to signify high product demand in the region.

Apart from construction segment, consistent research alleviating Europe towards pioneering innovations in other segments include railroad and agriculture, besides boosting the utilization of high-performance materials for drainage application.

Growing infrastructure spending in Asia Pacific

Rising number of construction projects to develop roads, ports, airports along with thriving government proposals to promote hi-tech railway projects signify notable target base for Asia Pacific geotextiles industry. Ongoing rapid urbanisation in the region has led to the surge in the requirement of modern infrastructure and expansive highway projects.

The usage of geotextiles in rural roads has opened the gateway for proven environment friendly technology that helps in reducing maintenance costs and provides greater durability. Reports suggest that China geotextiles market size is anticipated to contribute nearly 11.0% of the global share over the estimated time period.

Prominent participants tailoring to global geotextiles demand include Royal Ten Cate, Terram Geosynthetics, Thrace plastics, and Belton Industries. Companies are focusing on strategic partnerships, collaboration, and acquisition to increase production capacity as well as to expand their global reach

Research advancements in recent years have broadened the application prospects of geotextiles industry and demonstrated the performance benefits across a variety of ground stabilization applications. According to Global Market Insights, Inc., global geotextile market size is poised to exceed a valuation of USD 10.7 billion by 2024.

Author Name : Deeksha Pant