The geotextiles industry is expected to experience significant growth, with a projected CAGR of 11% through the end of the forecast period (2019-2029). The extensive use of geotextiles in applications such as drainage, filtration, and reinforcement is a major driver of this growth.

Geotextiles are utilized across a wide range of end-use applications, including reservoirs, landfills, and harbors. This robust growth outlook is largely attributed to the environmentally friendly nature of the raw materials, according to a recent study by Fact.MR.

"Geotextiles market players are likely to leverage industry 4.0 technologies and practices to expand product portfolios and market penetration," says the Fact.MR report.

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Geotextile Market - Key Takeaways

Road construction holds a dominant share of over 47% in the global geotextiles market revenue, primarily due to its ease of maintenance and repair.
The drainage construction segment is expected to experience a growth rate exceeding 12%, driven by its critical role in modern infrastructure projects.
Non-woven geotextiles are projected to maintain their leading position throughout the assessment period, commanding over 60% of the market share, while woven geotextiles are anticipated to show significant growth.
Europe remains a major market, contributing to a quarter of the global market value and achieving an 11% CAGR.
The Middle East and Africa are expected to grow at a robust rate of 13%, fueled by investments in road construction and drainage infrastructure.
Geotextile Market - Key Driving Factors

The growth of the geotextiles market is driven by their superior drainage, filtration, and reinforcement characteristics.
The extensive range of applications within the construction sector supports the expansion of the global market.
Increasing concerns about soil degradation and the use of eco-friendly raw materials in geotextiles have significantly boosted demand, fueling market growth.
Advancements in material science for the production of geotextile raw materials are also contributing to the market's expansion.
Read More: https://www.factmr.com/report/4655/geotextile-market

Geotextiles Market - Key Constraint

The rising demand for high-density polyethylene in various industrial applications is impacting the availability of materials for geotextiles, which may hinder market growth.

The COVID-19 Impact

The global geotextiles market is expected to experience moderate constraints in the coming months due to a shortage of supplies from producers in China. This has created a significant supply-demand gap, with manufacturers facing challenges related to raw material orders and logistics constraints caused by nationwide lockdowns.

To address these challenges, major producers are shifting their focus away from China, aiming to reduce business risks and diversify their supply sources. By decreasing reliance on a single region, they are working to alleviate current supply chain issues and position the industry for a stronger future.

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Competition Landscape

The global geotextiles market is moderately consolidated. The leading players profiled in the report include, but are not limited to Tenax Group, Koninklijke Ten Cate B.V., Fibertex Non-wovens A/S, GSE Holdings Inc., Low and Bonar Plc, Dow DuPont, Officine Maccaferri S.p.A., and NAUE GmbH & Co KG. Market leaders are emphasizing on bolstering production capacity and regional market penetration. Manufacturers are also channeling their efforts in the development of bio based and maze-based geotextiles to minimize greenhouse gas emissions, as indicated by the Fact.MR report.

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