According to a new market report published by Transparency Market Research “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,“ the global market for geotextiles was valued atUSD 3.2 billion in 2011 and is expected to reach USD 6.4 billion in 2018, growing at a CAGR of 10.3% from 2012 to 2018. In terms of volume, the demand for geotextiles was 1,904.0 million square meters in 2011 and is expected to reach 3,398.4 million square meters in 2018, growing at a CAGR of 8.6% from 2012 to 2018.
Browse the full report at http://www.transparencymarketresearch.com/geotextiles-market.html
Increasing demand from roadway construction, especially from BRIC countries, is expected to drive geotextile demand over the next five years. Special focus on the use of geotextiles in infrastructural activities coupled with favorable regulatory support is also expected to have a positive impact on global demand. However, the fluctuating cost of commonly used raw materials such as polypropylene and polyester is expected to have an adverse effect on the market over the forecast period. In addition, the absence of defined standards across the countries has also emerged as a key challenge for market participants.
Among the product types, non-woven geotextiles was the largest consumed segment, accounting for over 60% of the overall demand in 2011. However, woven fabrics are expected to show substantial growth over the forecast period. Road construction was the largest application segment for geotextiles, and was valued at USD 1,502.8 million in 2011.
The report analyzes, estimates and forecasts geotextiles demand on a global and regional level. The forecast demand is based on volume (million square meters) and revenue (USD million) for a period ranging from 2012 to 2018. The study also explores in detail, the drivers and restraints for the market along with the impact they are expected to have on the overall market over the said forecast period. The effects of implementation of MARV and CBR standards for geotextile production have been covered in the report. In addition, the potential opportunities present for the market have been included in the report.