Geotextile Market to Hit USD 12.030 billion By 2030
Acumen Research and Consulting
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Global Geotextile market size in 2021 was USD 7.028 billion, market value to grow to USD 12.030 billion by 2030 at 6.3% CAGR as per Acumen Research and Consulting
Geotextile Market Overview
The global geotextile market is expected to witness significant growth in the coming years, owing to the increasing use of geotextiles in various applications such as transportation, drainage, and construction. Geotextile is a permeable fabric that is used to separate, filter, reinforce, and protect soil. The material is made from synthetic fibers, including polypropylene and polyester, and is used in various construction projects, including roads, railways, airports, and other infrastructures.
Market Segmentation
The geotextile market is segmented based on product type, application, and region. By product type, the market is segmented into woven, non-woven, and knitted geotextile. By application, the market is segmented into transportation, drainage, erosion control, agriculture, and other applications.
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Why Market is Growing
The increasing demand for geotextiles in various applications such as transportation, drainage, and construction is driving the growth of the market. Additionally, the increasing use of geotextiles in agriculture and erosion control is also driving the growth of the market. Furthermore, the rising infrastructure development in developing countries is also expected to boost the market growth.
Market Regional Overview
The geotextile market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to dominate the market, owing to the presence of major players in the region. Additionally, the increasing infrastructure development in the region is also driving the market growth. Asia Pacific is also expected to witness significant growth in the coming years, owing to the increasing infrastructure development in countries such as China, India, and Japan.
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Market Players
Some of the key players in the geotextile market include:
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