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Geotextiles Market Share, Size,Growth, Key Players, Outlook and
Forecasts to 2020 | Hexa Research
“ Global geotextile market size is likely to be valued at USD 8.24 billion by
2020”
05 December 2018
Global geotextile market size is likely to be valued at USD 8.24 billion by 2020; as per a new research report
by Hexa Research. Increasing use in soil reinforcement activity coupled with growing application scope in
road & railway development is likely to drive market growth.
Favorable government regulations in countries such as China, India, Brazil and UAE supporting application
development and employment creation in manufacturing industries is likely favor geotextiles market growth.
Lack of manufacturing standardization coupled with fluctuation prices of raw materials such as polyester and
polyethylene is anticipated to challenge trade opportunities and profitability.
Nonwoven geotextiles were the largest consumed product segment and accounted for over 65% of the total
volume in 2013. Low cost and factors such as absorbency, mechanical strength and liquid repellency make
nonwoven products to be widely preferred in the industrial applications. Woven products were the second
largest consumed product and are likely to witness significant gains, at an estimated CAGR of 9.0% from 2014
to 2020.
Browse Details of Report @ https://www.hexaresearch.com/research-report/geotextiles-industry
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