Geotextile Market Research, Analysis, Development Report 2019-2025 - TraDove - 0 views
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emmaj3206 on 03 Apr 19"The global geotextile market size is anticipated to reach USD 9.1 billion by 2025, expanding at a CAGR of 12.0% over the forecast period. Cost viability, longer life expectancy when compared with different materials, and rising ecological concerns are projected to benefit industry expansion over the forecast period. Rising industrialization, technological developments, rapid urbanization, and growth in infrastructure are the major factors augmenting the demand for geotextiles over the forecast period. Non-woven products are increasingly used in road construction, drainage, and erosion control due to their functionality of providing an avenue for water flow. Demand for non-woven products is rising in developing countries, such as China, India, and Russia, due to robust infrastructural development. In terms of revenue, the polypropylene material segment was valued at USD 2.4 billion in 2018 and is projected to hold the largest market share over the forecast period. Most of the geotextiles employed in road construction are composed of polypropylene owing to their longer life span as opposed to other materials."
