The
global Geotextiles Market of was worth nearly USD 3.2 billion in
2011. By observing growth at a CAGR of 10.3% during the forecast
period, the market could reach a market value worth nearly USD 6.4
billion by 2018. Volume-wise, the geotextiles industry observed
demands worth nearly 1,904.0 million square meters in 2011. This is
expected to grow to 3,398.4 million square meters by 2018, by
observing growth at a CAGR of 8.6% during the forecast period, adds
the report.
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the full Geotextiles
Market by Product Type (Woven, Non-woven, Knitted) for Roadways,
Erosion Control and Drainage - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2012 - 2018
report at
http://www.transparencymarketresearch.com/geotextiles-market.html
Applications
of geotextiles are on a constant rise in the area of construction of
roadways, dams, bridges and other infrastructure amenities,
especially in the BRIC countries. A continuous rise in the number of
infrastructure development projects in this region is expected to
drive the global market of geotextiles.The favorable regulatory
support for use of geotextiles in construction activities in these
countries is also expected to favorably impact the growth of this
industry.
However,
elementary factors that inversely affect the growth of any market
such as the fluctuating prices of raw materials – polypropylene and
polyester in this case – are expected to hinder growth of this
industry to some extents during the forecast period of the report. In
addition to this, the absence of a specified set of physical and
mechanical standards for geotextiles across various countries is a
significant factor that could challenge the growth of this market.
The report segments the market in three major product sections in
this industry : woven, non-woven and knitted.
Product-wise,
the segment of non-woven geotextiles emerged as the largest consumer
segment and acquired nearly 60% shares of the market in 2011.
However, the report estimates that it could be the market segment of
woven fabrics that would gain substantial and rapid growth during the
forecast period of the report. Application wise, the segment of
road-construction led the global geotextiles market in 2011 and
valued nearly USD 1,502.8 million.
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Geographically,
the region of Asia Pacific dominated this industry in 2011. It held
nearly 41% shares of this market in terms of volume. The report
estimates that the European geotextiles market could value USD
1,647.7 million by 2018. During the report’s forecast period,
geotextiles market in the region of North America is expected to grow
at a CAGR of 9.9%. Some of key manufacturers in the industry
include GSE Holdings, Royal TenCate, Maccaferri, Officine and NAUE
among others.
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