Global Geotextiles Market 2017-2021
Geotextiles are fiber-based textiles, which are manufactured with polymers such as polyamide, polyesters, polyethylene, polypropylene, polyvinyl chloride, ethylene copolymer bitumen, and chlorinated polyethylene. The predominantly used polymer is polypropylene, occupying approximately 55.5% of the total geotextiles manufactured globally. This is attributed to its multiple advantages like cost-effectiveness, flexural strength, and low coefficient and chemical reactions.
Technavio’s analysts forecast the global geotextiles market to grow at a CAGR of 11.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global geotextiles market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Geotextiles Market 2017-2021
Technavio recognizes the following companies as the key players in the global geotextiles market: Fibertex Nonwovens, GSE Environmental, Koninklijke Ten Cate, Leggett & Platt, and Low & Bonar.
Other Prominent Vendors in the market are: Technical Absorbents, L & M Supply, Novintiss, Mattex Geosynthetics, and Carthage Mills.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing importance for natural fiber geotextiles. The preference for natural fibers such as coir and jute is increasing in the global geotextiles market. This is due to their exceptional benefits like cost-efficiency, low water absorbability, durability, and easy availability. In addition, coir and jute can be biodegraded completely after a span of five years. The use of natural fibers is increasing in APAC owing to the easy availability of raw materials.”
According to the report, one of the major drivers for this market is Rising concerns regarding soil erosion. Soil degradation is increasing every year. It is estimated that 100,000 km² of agricultural land is lost owing to soil erosion globally each year. This is likely to reduce the yields of the crops and endanger food security in future. It is estimated that the global food demand would increase approximately 61% by 2050. As the population is expected to reach 8.35 billion by 2030, many governments all over the world are undertaking many soil erosion initiatives.
Further, the report states that one of the major factors hindering the growth of this market is UV degradation of polypropylene. Despite having advantages like cost-effectiveness, flexural strength, low coefficient of friction, and chemical resistance, polypropylene geotextiles are prone to UV degradation. Due to the simple chain polymer structure of polypropylene, the bonds tend to break, resulting in the fragility of the polymer when the polymer is exposed to the sun and heat. This UV degradation is likely to occur in road construction application.
Fibertex Nonwovens, GSE Environmental, Koninklijke Ten Cate, Leggett & Platt, Low & Bonar, Technical Absorbents, L & M Supply, Novintiss, Mattex Geosynthetics, and Carthage Mills.
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