Asia Pacific - North America & Europe are the Major Regional Markets for Geotextile

The geotextile 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. The rising demand for geotextiles due to superior properties and 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. 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) are some of the leading players in this market.

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Key market players have focused on the adoption of new product launches, supply contracts, acquisitions and expansions to cater the demand for geotextile across various applications in various end-use industries.

In September 2017, HUESKER Russia started production at its Klin facility (Russia). The new facility is spread across approximately 5,000 m² and is engaged in the production of tried-and-tested geotextiles such as HaTelit, Basetrac, and Stabilenka. With this development, the company further strengthened its position in the European market.

In August 2017, Fibertex signed a supply agreement to supply 1,500,000 m² of the Controlled Permeability Formwork (CPF Liner) Formtex for the construction of one of the world's largest bridge project in Kuwait. With this development, the company strengthened its presence further in the Middle East.

In January 2017, Hanes Geo Components, a subsidiary of Leggett & Platt, signed an agreement to acquire Terrafix Geosynthetics Inc (Canada). Terrafix is a leading distributor of geosynthetic products in Canada. This acquisition is in line with the strategy of the company to develop a North American distribution network for geotextile and erosion control products.

In January 2016, Low & Bonar launched an innovative concrete reinforcement fiber, Durus S500. The new fiber significantly outperforms conventional products and is characterized by its enhanced bond within the concrete. With this launch, the company further improved its product portfolio for civil engineering products while maximizing construction speed. 

The global geotextile 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. Growing consumption of bio-based geotextile and rising investments in nonwoven geotextiles present growth opportunities for the global geotextile market.

Geotextiles are durable fabrics that are used for soil stabilization and increase the surface strength of the location. They are used in various fields of civil engineering such as hydraulic engineering, landfill engineering, road construction, and tunnel construction to prevent granular layers from contaminating one another. Geotextiles enhance durability and reduce construction costs associated with a project.

Based on product type, the nonwoven geotextile segment is expected to grow at the highest CAGR from 2017 to 2022. The flexibility and elongation properties and the ability to provide high puncture resistance without sacrificing the friction of filtration properties have resulted in a growing demand for nonwoven geotextiles.

Among material type, the synthetic geotextile segment is expected to grow at the highest CAGR from 2017 to 2022. The superior properties of these materials such as durability, flexibility, degradability, and availability at a cheaper price are the key factors driving the growth of the segment.

Based on application, the road construction and pavement repair segment of the geotextile market is expected to grow at the highest CAGR during the forecast period. Geotextiles are widely used for filtration and separation applications in road construction and pavement repair to prevent migration and mingling of materials while allowing free movement of water.

Asia Pacific, North America, and Europe are the major regional markets for geotextile. Various leading players have been carrying out strategic expansion activities such as plant expansions, product launch, and supply contracts in the region to meet the growing demand for geotextiles in these regions. Growing demand from the construction and agriculture industries has resulted in a high demand for geotextile. Rising infrastructure activities in Asia Pacific have been driving the demand of geotextile in the region. Various leading players have been carrying out strategic expansion activities in Asia Pacific to meet the growing demand from various end users.