Geotextiles Market worth $6.3 Billion by 2017

Tuesday 9 April 2013, Amsterdam

The new report analyzes geotextiles market with respect to market drivers, opportunities, and trends in the diverse geographical regions including North America, Europe, Asia and ROW.

Geotextiles are gaining importance on account of large scale infrastructural development going on at a global level. The geotextiles performs several functions which include separation, filtration, reinforcement, protection, and draining. The major applications for geotextiles are road industry, erosion control, waste management and pavement repair.

The emerging economies have large number of projects which are being developed currently. The countries such as China, India, and other Asian economies are growing markets for geotextiles industry. Major players in European and North American regions include TenCate, GSE, Propex Global, Fiberweb, NAUE, and Huesker Synthetic.
U.S. is the major hub for geotextile demand in North America. Within Europe, most of the major market players are situated in countries such as U.K., Germany, Denmark, The Netherlands, and Italy. Asian manufacturers are primarily based in China and India.

The global geotextiles market is also studied with respect to different materials which include polypropylene, polyester, polyethylene and other material categories. Polypropylene and polyester are the major market segments within the geotextile materials market.

Within the regional market, Asia dominates the global geotextile industry. It is estimated to reach $2.5 billion by 2017. The growth of Asian market is expected to be highest among all regions. North American region is the second largest market of geotextiles and is estimated to reach a value of $1.7 billion by 2017.