Nonwoven Geotextiles Market Size Projected To Boost At $6.91 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.

According to a report ,” Nonwoven Geotextiles Market Size, Share & Trends Analysis Report By Application (Road Construction, Erosion Prevention, Drainage), By Material, By Region (EMEA, APAC), And Segment Forecasts, 2019 – 2025″ , published by Grand View Research, Inc., The nonwoven geotextiles market size in Europe, Middle East and Africa, and Asia Pacific Region is expected to reach USD 6.91 billion by 2025. It is anticipated to expand at a CAGR of 6.7% during the forecast period. Favorable government policies for the use and development of geotextiles is expected to boost product demand.

Key Takeaways from the report:

• Polypropylene accounted for 53.9% of the global market share in 2017 owing to excellent chemical resistance of the product to aqueous and alkaline environments coupled with favorable climatic conditions in Europe

• Product consumption in road construction is expected to expand at a CAGR of 7.3% from 2018 to 2025 on account of increased product penetration in ongoing repair and maintenance of old roads in Europe

• Middle East and Africa is expected to witness significant growth over the forecast period owing to application of NBR powder for enhancing groundwater level and reducing the risk of road damage

• Asia Pacific accounted for 65.7% of the global market share in 2017 owing to the massive investments by most governments for railway, highway, and road infrastructure expansion and residential construction

• Major players in the Europe, Middle East and Africa and Asia Pacific nonwoven geotextiles market are focusing on increasing their sales through the development of new products and increased production through capacity additions, thereby obtaining a significant market share

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China is anticipated to contribute majorly to the demand for geotextiles owing to its increasing penetration in the construction of new roads and drainage systems. In addition, the Chinese government has invested a large number of resources in infrastructure development, wherein major investments were made in the construction of highways and railways.

Geotextiles are used to control erosion owing to their reinforcement characteristics. In addition, the product aids in holding the soil particles together and also promotes vegetation growth, which reduces erosion in the long run. The use of geotextiles in drainage systems helps create a solution for consistent flow of water, thereby complementing the market growth.

Market participants are actively involved in forming joint ventures and licensing agreements with manufacturers and distributors to gain competitive edge. However, the lack of defined standards in Asia Pacific is anticipated to hamper the product demand over the forecast period.

Grand View Research has segmented the Europe, Middle East, and Africa and Asia Pacific nonwoven geotextiles market on the basis of material, application, and region:

Nonwoven Geotextiles Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

• Polypropylene

• Polyester

• Polyethylene

• Others

Nonwoven Geotextiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

• Road Construction

• Erosion Prevention

• Drainage

• Others

Nonwoven Geotextiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

• Europe

• Germany

• U.K.

• France

• Italy

• Spain

• Asia Pacific

• China

• India

• Japan

• Middle East & Africa

• UAE

• Saudi Arabia

• South Africa

• Nigeria

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/

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