Geotextile Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.46 Billion |
| Market Size (2029) | USD 2.39 Billion |
| CAGR (2024 - 2029) | 10.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Geotextile Market Analysis
The Geotextile Market size is estimated at USD 1.46 billion in 2024, and is expected to reach USD 2.39 billion by 2029, growing at a CAGR of 10.34% during the forecast period (2024-2029).
The COVID-19 pandemic hindered the market because lockdowns, social distancing, and trade sanctions caused significant disruptions to global supply chain networks. The road construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which is expected to benefit the market during the forecast period.
- Major factors driving the market are the increasing use of geotextiles in the construction industry and mining activities and the stringent regulatory framework for environmental protection.
- The fluctuating prices of raw materials are expected to hinder the market's growth.
- Rising awareness about water conservation in the manufacturing sector is expected to act as an opportunity for the market in the future.
- Asia-Pacific is expected to dominate the global market due to government investments in the construction of roads and rail projects, leading to a huge demand for geotextiles from countries such as China, Japan, and India.
Geotextile Market Trends
Increasing Demand in Road Construction
- Geotextiles are made from synthetic polymers, mainly polypropylene, polyester, polyethylene, and others, that are very unlikely to decay under biological and chemical processes.
- This feature makes geotextiles suitable for the construction and maintenance of roads. In the past decade, there has been considerable growth in the usage of geotextiles in the construction industry worldwide.
- According to data from the European Disposables and Non-wovens Association (EDANA), around 750 km of geotextile non-wovens are manufactured and sold every year, of which 60% is used for the construction of roads.
- These materials have permeable textile structures and are used primarily in construction applications. The possible applications of geotextiles in the construction sector have been successfully developed. They offer significant benefits in terms of financial feasibility, performance, and durability.
- Moreover, the increase in construction spending and work worldwide may lead to increased demand for geotextiles. For instance, the Federal Highway Administration for the fiscal year 2024 allocated USD 61 billion for 12 formula programs to aid investment in critical infrastructure, including roads, bridges, tunnels, carbon-emission reduction, and safety improvements. This funding from the IIJA (Infrastructure Investment and Jobs Act) was allocated for all 50 US states, the District of Columbia, and Puerto Rico.
- Furthermore, highway and bridge construction in the United States is expected to increase by 23% to USD 147.1 billion in 2024 over the previous year. Additionally, the country's total value of transportation construction work may grow by 14% to USD 214 billion in 2024.
- Most of the available geotextiles are made of polypropylene or polyester. Polypropylene material is strong and durable and is lighter than water. According to a globally leading material manufacturing company, HUBS polypropylene accounts for 35% to 40% of worldwide output, followed by other materials like polyethylene (15%), ABS (25%), and polystyrene (10%).
- Various companies are investing in their polypropylene (PP) manufacturing plants to increase the output of PP material that will be used more in construction activities. For instance, in July 2022, the Canadian company Heartland Polymers fully commissioned its polypropylene (PP) plant with a planned production capacity of 525,000 tons of polypropylene per year at the Heartland Petrochemical Complex in Alberta, Canada.
- These materials are used in the construction of roads, highways, earth dams, and railroads, in the stabilization of soil, control of drainage, tunnel construction, etc.
- Thus, the above-mentioned factors are expected to drive the geotextile market during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific held the largest market share in the overall geotextile market worldwide. The ongoing developments in the construction industry are the main drivers of the geotextile market in the area.
- China is expected to be the major market for geotextiles in the region as the country has mega-scale infrastructure projects year-round. For instance, the Chinese government is working to expand its high-speed railway network to 50,000 km by 2025.
- According to the National Bureau of Statistics of China, the country's infrastructure investment in 2023 increased 5.9% in value compared to 2022.
- According to the India Brand Equity Foundation, the Indian roads and highways market is projected to register a CAGR of 36.16% in 2025 on account of growing government initiatives to improve transportation infrastructure in the country.
- According to the National Investment Promotion and Facilitation Agency, India, the total road network is 6.37 million km, comprising all categories of roads (national and state highways, urban and rural roads), which is the second largest in the world. Furthermore, the country launched the National Infrastructure Pipeline (NIP) in 2020, which envisages an investment of USD 1,338 billion between 2020 and 2025.
- The construction sector of other Asia-Pacific countries is also growing Y-o-Y. For instance, according to the Bank of Korea, South Korea's construction sector accounted for approximately USD 67.1 billion in 2023, representing a 4% growth rate over 2022.
- Therefore, the aforementioned factors may fuel the demand for geotextiles in Asia-Pacific during the forecast period.
Geotextile Industry Overview
The geotextile market is partially fragmented in nature. The major companies (not in any particular order) include Fibertex Non-woven AS (Schouw & Co.), HUESKER, TYPAR Geosynthetics, Tencate Geosynthetics, and Asahi Kasei Advance Corporation.
Geotextile Market Leadres
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TYPAR Geosynthetics (Polymer Group Inc.)
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Fibertex Nonwoven AS (Schouw & Co.)
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HUESKER
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Asahi Kasei Advance Corporation.
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Tencate Geosynthetics
*Disclaimer: Major Players sorted in no particular order
Geotextile Market News
- February 2024: Ambienta SGR SpA announced the acquisition of a majority stake in Officine Maccaferri to hold a majority stake in the company. The transaction is expected to close in Q2 2024.
- February 2024: The HUESKER Group announced its new subsidiary in South Africa to strengthen its commitment in the country in order to not only target new customers in the future but also expand existing business relationships.
- December 2023: Asahi Kasei Advance Corporation announced the development of a novel membrane system for dehydrating organic solvents for pharmaceutical applications without the application of heat or pressure.
- October 2022: Owens Corning, a global building and construction materials leader, expanded its non-woven geotextile production in Arkansas with an investment of USD 24.5 million. With this new manufacturing plant, the company expanded its portfolio, which helped it to gain market value.
- July 2022: Huesker Group offered novel solutions to reduce the risk of erosion for transport infrastructure located in coastal areas. The company developed geotextile container systems that feature large-format tubes and bags.
- March 2022: BontexGeo Group, an industry leader in Europe that specializes in the sale and production of geosynthetics for civil engineering applications, acquired 100% of the shares of Minas de Riotinto, Huelva (ES)-based company Geotexan SA, specialized in the production and sale of geosynthetics and fibers with a strong market position in Spain.
Geotextile Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Usage of Geotextiles in Construction Industry
- 4.1.2 Increase Usage of Geotextiles in Mining Activities
- 4.1.3 Stringent Regulatory Framework for Environmental Protection
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4.2 Restraints
- 4.2.1 Fluctuating Raw Material Prices
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 By Material
- 5.1.1 Polypropylene
- 5.1.2 Polyester
- 5.1.3 Polyethylene
- 5.1.4 Other Materials
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5.2 By Type
- 5.2.1 Woven
- 5.2.2 Non-woven
- 5.2.3 Knitted
- 5.2.4 Other Types
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5.3 By Application
- 5.3.1 Road Construction and Pavement Repair
- 5.3.2 Erosion
- 5.3.3 Drainage
- 5.3.4 Railworks
- 5.3.5 Agriculture
- 5.3.6 Other Applications
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5.4 By Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Thailand
- 5.4.1.6 Malaysia
- 5.4.1.7 Indonesia
- 5.4.1.8 Vietnam
- 5.4.1.9 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 Italy
- 5.4.3.4 France
- 5.4.3.5 Russia
- 5.4.3.6 NORDIC
- 5.4.3.7 Spain
- 5.4.3.8 Turkey
- 5.4.3.9 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Colombia
- 5.4.4.4 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 United Arab Emirates
- 5.4.5.4 Qatar
- 5.4.5.5 Nigeria
- 5.4.5.6 Egypt
- 5.4.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 AFITEXINOV
- 6.4.2 AGRU AMERICA INC.
- 6.4.3 Asahi Kasei Advance Corporation.
- 6.4.4 Carthage Mills Inc.
- 6.4.5 Fibertex Nonwovens AS (Schouw & Co.)
- 6.4.6 GSE Environmental
- 6.4.7 HUESKER
- 6.4.8 Kaytech
- 6.4.9 Low & Bonar
- 6.4.10 Mattex Geosynthetics
- 6.4.11 Naue GmbH & Co. KG
- 6.4.12 Officine Maccaferri SpA
- 6.4.13 Owens Corning
- 6.4.14 Swicofil AG
- 6.4.15 Tencate Geosynthetics
- 6.4.16 Thrace Group
- 6.4.17 TYPAR Geosynthetics
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Awareness about Water Conservation in the Manufacturing Sector
- 7.2 Other Opportunities
Geotextile Industry Segmentation
Geotextiles are permeable fabrics that exhibit the ability to separate, filter, reinforce, protect, or drain when used in association with soil. Geotextiles are fabrics that are used in geotechnical applications, such as road and railway embankments, earth dikes, and coastal protection structures. They are designed to perform one or more essential functions such as filtration, drainage, separation of soil layers, reinforcement, or stabilization.
The geotextile market is segmented by material, type, application, and geography. By material, the market is segmented into polypropylene, polyester, and polyethylene. By type, the market is segmented into woven, non-woven, and knitted. By application, the market is segmented into road construction and pavement repair, erosion, drainage, railworks, agriculture, and other applications (landfills, separation in construction works, etc.). The report also covers the market size and forecasts for the geotextile market in 27 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
| By Material | Polypropylene | |
| Polyester | ||
| Polyethylene | ||
| Other Materials | ||
| By Type | Woven | |
| Non-woven | ||
| Knitted | ||
| Other Types | ||
| By Application | Road Construction and Pavement Repair | |
| Erosion | ||
| Drainage | ||
| Railworks | ||
| Agriculture | ||
| Other Applications | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Thailand | ||
| Malaysia | ||
| Indonesia | ||
| Vietnam | ||
| Rest of Asia-Pacific | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Russia | ||
| NORDIC | ||
| Spain | ||
| Turkey | ||
| Rest of Europe | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Colombia | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| United Arab Emirates | ||
| Qatar | ||
| Nigeria | ||
| Egypt | ||
| Rest of Middle East and Africa |
Geotextile Market Research FAQs
How big is the Geotextile Market?
The Geotextile Market size is expected to reach USD 1.46 billion in 2024 and grow at a CAGR of 10.34% to reach USD 2.39 billion by 2029.
What is the current Geotextile Market size?
In 2024, the Geotextile Market size is expected to reach USD 1.46 billion.
Who are the key players in Geotextile Market?
TYPAR Geosynthetics (Polymer Group Inc.), Fibertex Nonwoven AS (Schouw & Co.), HUESKER, Asahi Kasei Advance Corporation. and Tencate Geosynthetics are the major companies operating in the Geotextile Market.
Which is the fastest growing region in Geotextile Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Geotextile Market?
In 2024, the Asia Pacific accounts for the largest market share in Geotextile Market.
What years does this Geotextile Market cover, and what was the market size in 2023?
In 2023, the Geotextile Market size was estimated at USD 1.31 billion. The report covers the Geotextile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Geotextile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Geotextiles Industry Report
Statistics for the 2024 Geotextiles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Geotextiles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
