India Geotextiles Market, By Type, By Material, By Application, Competition Forecast & Opportunities, 2012 – 2026
Geotextiles are permeable fabrics with an ability to separate, filter, reinforce, protect, or drain, when used in association with soil. Typically, they are made from polypropylene or polyester. In India, geotextiles are gaining popularity due to several performance and functional advantages over other materials. Construction and agriculture sectors in India are growing at a robust pace, consequently boosting demand for strong, permeable and flexible geotextile products. Moreover, increasing applications of geotextile products in civil engineering applications such as reinforcement, filtration, separation and production, owing to their excellent performance and comparatively low cost are some of the major factors fueling demand for geotextile products in the country. Growing road construction in the country is one of the major factors expected to aid India geotextiles market during forecast period. Furthermore, growing urbanization, booming population coupled favorable government initiatives are expected to positively influence India geotextiles market during forecast period.
According to “India Geotextiles Market, By Type, By Material, By Application, Competition Forecast & Opportunities, 2012 – 2026”, the geotextiles market in India is anticipated to grow at a CAGR of around 12% during 2017 – 2026. India geotextiles market has been broadly segmented into three categories, namely, woven, non-woven and knitted. Among these categories, non-woven geotextile segment occupied the largest share in India geotextiles market in 2016. The segment is anticipated to maintain its dominance during the forecast period as well. Non-woven geotextiles are used to prevent soil erosion, pound underlayment and separation fabrics, as they act as an excellent filtrate, and are resistant to heat. Region-wise, west region is the largest demand generating region for geotextiles in the country. Few of the major companies operating in India geotextiles market include Garware Wall Ropes Ltd., TechFab India Industries Ltd, Maccaferri Environmental Solutions Pvt. Ltd., Terram Geosynthetics Pvt. Ltd and Hrishikesh Industrial Fabrics Pvt. Ltd, among others. “India Geotextiles Market, By Type, By Material, By Application, Competition Forecast & Opportunities, 2012 – 2026” discusses the following aspects of India geotextiles market: