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"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."

Reports & Insights freshly released a new report entitled as "Geotextile Market: Opportunity Analysis and Future Assessment 2022-2030", in which the base year is considered for the study is 2021, estimated year is 2022, and the forecasted year is considered 2023-2030. The global Geotextile market in 2022 is estimated for more than US$ 9.1 Bn and expected to reach a value of US$ 14.6 Bn by 2030 with a significant CAGR of 8.1%. The report promises to offer its clients with an absolute across-the-board, premium quality primary data about the market prospects and in-depth knowledge of the trends prevailing in the market. The report further aims to provide a quantitative and qualitative synopsis of the theoretical framework and rational approach of the market expatiate using certified research methodologies and proficient expertise. The Geotextile market is estimated to reach at a value of US$ 9.1 Bn by the end of 2022 and expected to reach at a value of US$ 14.6 Bn by 2030 with a significant CAGR of 8.1%.

Global geotextiles market is estimated to be worth $6.3 billion by 2017, with growth expected to come from emerging economies in Asia. geotextiles are permeable textile materials which are designed for use in civil engineering applications such as erosion control, soil stabilisation, reinforcement, separation and drainage.

Geotextiles Market Size & Share - Industry Analysis Report, 2018-2026