Global Geotextiles Market Size, Growth And Segments To 2020 By Hexa Research
Geotextiles is a sub-segment of geosynthetics and is majorly used in soil & foundation reinforcement to avoid/control water & wind erosion. Superior properties including filtration, separation, protection, reinforcement and drainage are one of the key factors driving geotextiles market growth. Multiple functionality; flexible thickness & permeability and cost effectiveness in terms of fabric and labor are other factors augmenting geotextiles market growth. Rapid infrastructure development in BRICS is expected to act as a driver for the geotextiles market. Government initiatives in these countries promoting use in infrastructure is expected to further promote market growth. However, absence of regulations for road construction result in low quality materials used mostly due to lack of awareness regarding geotextiles and their advantages is expected to negatively impact market growth.
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Nonwoven geotextiles were the largest product segment, exceeding 60% of global market volume in 2013 owing to use in road construction, erosion control and drainage for easing water flow. Innovation in nonwoven geotextiles usage in drainage sub-systems and long life span of dumps is expected to further augment market growth. Woven geotextiles market is expected to witness growth owing to high tensile strength and good hydro filtration features that help in effective erosion control
Road construction accounted for more than 43% of market volume in 2013 becoming the largest application segment. Increasing consumption in road foundations to strengthen weak soil which leads to increased life span is expected to have positive impact on market growth. Erosion control was the second largest application with 470 million square meters of geotextiles volume in 2013. They are increasingly being used for erosion control as they help in holding soil during excessive rainfalls and water encroachments on riverbanks
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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