Geotextiles Market Size

Geotextiles Market Size

Geotextiles Market size was over USD 4,195 million in 2016 and industry expects consumption at over 9,045 million square meters by 2024.

Growing demand for functional and high performance textiles in agriculture, road construction and erosion control applications along with increasing development in construction industry is likely to accelerate the geotextiles market growth. These products have gained popularity owing to their superior benefits such as liquid repellency and mechanical strength. Global construction industry expenditure amounted over USD 10 trillion in 2016 which is likely to have a positive impact on the product demand. Rising investments by government in public utility infrastructures owing to increasing industrialization is likely to drive the market size.

Rising awareness towards the functional advantages of products over traditional materials such as high tensile strength, flexibility, superior load bearing capacity and permeability has increased its penetration in various industries which is the major driving factor of the market. It is manufactured from synthetic polymers such as polyester and polypropylene are less prone to decay under any chemical process and provide high benefits in terms of durability & performance. The roads and bridges infrastructure market in India amounted over USD 16 billion in 2016.  Expanding road construction industry is likely to propel the industry growth as they are used during foundation laying in roads and strengthen the soil by holding it together.

Synthetic products such as polyethylene, polyester and polypropylene are manufactured from non-biodegradable materials which are extracted through burning & flaring activities. Moreover, it also contains hindered phenols, amines and phosphates which may undergo degradation through surface oxidation on exposure to heat and UV radiation. On exposure to these conditions, the product witness oxidation on their surfaces which makes them weak & brittle thereby hampering the market size. However, superior capability to distribute load evenly, stabilize soil and control drainage is likely to stimulate the product demand.