Market Size of Geotextile Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.46 Billion |
Market Size (2029) | USD 2.39 Billion |
CAGR (2024 - 2029) | 10.34 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Geotextile Market Analysis
The Geotextile Market size is estimated at USD 1.46 billion in 2024, and is expected to reach USD 2.39 billion by 2029, growing at a CAGR of 10.34% during the forecast period (2024-2029).
The COVID-19 pandemic hindered the market because lockdowns, social distancing, and trade sanctions caused significant disruptions to global supply chain networks. The road construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which is expected to benefit the market during the forecast period.
- Major factors driving the market are the increasing use of geotextiles in the construction industry and mining activities and the stringent regulatory framework for environmental protection.
- The fluctuating prices of raw materials are expected to hinder the market's growth.
- Rising awareness about water conservation in the manufacturing sector is expected to act as an opportunity for the market in the future.
- Asia-Pacific is expected to dominate the global market due to government investments in the construction of roads and rail projects, leading to a huge demand for geotextiles from countries such as China, Japan, and India.
Geotextile Industry Segmentation
Geotextiles are permeable fabrics that exhibit the ability to separate, filter, reinforce, protect, or drain when used in association with soil. Geotextiles are fabrics that are used in geotechnical applications, such as road and railway embankments, earth dikes, and coastal protection structures. They are designed to perform one or more essential functions such as filtration, drainage, separation of soil layers, reinforcement, or stabilization.
The geotextile market is segmented by material, type, application, and geography. By material, the market is segmented into polypropylene, polyester, and polyethylene. By type, the market is segmented into woven, non-woven, and knitted. By application, the market is segmented into road construction and pavement repair, erosion, drainage, railworks, agriculture, and other applications (landfills, separation in construction works, etc.). The report also covers the market size and forecasts for the geotextile market in 27 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
By Material | |
Polypropylene | |
Polyester | |
Polyethylene | |
Other Materials |
By Type | |
Woven | |
Non-woven | |
Knitted | |
Other Types |
By Application | |
Road Construction and Pavement Repair | |
Erosion | |
Drainage | |
Railworks | |
Agriculture | |
Other Applications |
By Geography | |||||||||||
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Geotextile Market Size Summary
The geotextile market is poised for significant growth, driven by increasing applications in the construction and mining sectors, alongside stringent environmental regulations. Geotextiles, made from durable synthetic polymers like polypropylene and polyester, are essential for road construction and maintenance due to their resistance to biological and chemical decay. The market experienced disruptions during the COVID-19 pandemic, but recovery began in 2021, setting the stage for future expansion. The rising awareness of water conservation in manufacturing presents new opportunities, while fluctuating raw material prices pose challenges. The Asia-Pacific region is expected to lead the market, fueled by substantial government investments in infrastructure projects in countries such as China, Japan, and India.
The demand for geotextiles is further bolstered by increased construction spending and infrastructure development globally. In the United States, significant funding from the Infrastructure Investment and Jobs Act is expected to enhance transportation infrastructure, thereby driving geotextile usage. The market is characterized by partial fragmentation, with key players like Fibertex Non-woven AS, HUESKER, and Tencate Geosynthetics actively expanding their operations and product offerings. Recent strategic moves, such as acquisitions and new subsidiary establishments, indicate a trend towards consolidation and market expansion. These developments, coupled with the growing construction activities in the Asia-Pacific region, are anticipated to sustain the market's growth trajectory over the forecast period.
Geotextile Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Usage of Geotextiles in Construction Industry
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1.1.2 Increase Usage of Geotextiles in Mining Activities
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1.1.3 Stringent Regulatory Framework for Environmental Protection
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1.2 Restraints
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1.2.1 Fluctuating Raw Material Prices
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 By Material
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2.1.1 Polypropylene
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2.1.2 Polyester
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2.1.3 Polyethylene
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2.1.4 Other Materials
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2.2 By Type
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2.2.1 Woven
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2.2.2 Non-woven
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2.2.3 Knitted
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2.2.4 Other Types
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2.3 By Application
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2.3.1 Road Construction and Pavement Repair
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2.3.2 Erosion
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2.3.3 Drainage
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2.3.4 Railworks
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2.3.5 Agriculture
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2.3.6 Other Applications
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2.4 By Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Thailand
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2.4.1.6 Malaysia
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2.4.1.7 Indonesia
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2.4.1.8 Vietnam
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2.4.1.9 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Russia
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2.4.3.6 NORDIC
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2.4.3.7 Spain
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2.4.3.8 Turkey
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2.4.3.9 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Colombia
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2.4.4.4 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 United Arab Emirates
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2.4.5.4 Qatar
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2.4.5.5 Nigeria
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2.4.5.6 Egypt
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2.4.5.7 Rest of Middle East and Africa
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Geotextile Market Size FAQs
How big is the Geotextile Market?
The Geotextile Market size is expected to reach USD 1.46 billion in 2024 and grow at a CAGR of 10.34% to reach USD 2.39 billion by 2029.
What is the current Geotextile Market size?
In 2024, the Geotextile Market size is expected to reach USD 1.46 billion.