Geotextile Market by Type (Nonwoven, Woven & Others), by Material (Polypropylene, Polyester, Polyethylene & Others), by Application & by Region - Global Trends & Forecasts to 2019
The geotextiles market size in terms of value is projected to grow at a CAGR of 10.59% between 2014 and 2019 to reach $8,632.83 million by 2019. Asia-Pacific held the largest share in 2013, in terms of value.
The geotextiles market in Asia-Pacific region is growing fast, mainly due to government policies and the increasing commercial activities.
The Asia-Pacific region alone is expected to generate over 32% of the global geotextiles demand in the coming five years, as developing countries in this region plan to undertake large scale infrastructure and other development projects.
New product launches, Agreements, and expansions were the most preferred growth strategy among the major players in the geotextiles market, globally. The major players are enhancing the global presence.
Many companies offering geotextiles are actively trying to increase their product portfolio and regional presence to cater to different regional markets. Asia-Pacific is the fastest growing market in terms of value during 2014-2019, mainly due to huge investment in the infrastructure projects in the region.
The major players in the geotextiles market are Royal Tencate NV (The Netherlands), Gundle/ SLT Environmental Inc. (GSE) (U.S.), Low & Bonar PLC (U.K.) and Fibertex Nonwoven A/S (Denmark). These companies showed significant presence among other players in the global geotextiles market.