Market Reports | Textile Industry

Market Statsville Group predicts that the geotextiles market would reach USD 19,324.7 million by 2030.

Published: January 20, 2023

Geotextiles are in high demand in booming sectors like construction and agriculture. Geotextiles are currently utilized in conventional building materials. When compared to traditional methods, they have technical and economic advantages. The demand for geosynthetics is rising due to their affordability and ease of use. They have a greater chance of growth in the near future by advancing techniques as they have less environmental impact than their conventional counterparts. Geosynthetics can reduce the need for costly earthen construction materials. Consequently, it has become essential to use geosynthetics in civil engineering projects.

According to the Market Statsville Group (MSG), the global geotextiles market size is expected to grow from USD 8,399.5 million in 2021 to USD 19,324.7 million by 2030, at a CAGR of 9.7% from 2022 to 2030.

Geotextiles, a class of high-performance materials, have developed into indispensable aids in applications for infrastructure, soil, building, agriculture, and the environment. The idea behind geotextiles, made of synthetic fibers, is not new; ancient peoples used textiles made of locally accessible natural fibers to improve the stability of their soils and roads. Geotextile-based projects are more cost-effective as they use fewer materials like concrete and steel. Additionally, they have smaller carbon footprints than their traditional counterparts. This will lead to an increase in demand for geosynthetics in the near future.

The geotextiles’ longer lifespan and reduced cost, as well as growing environmental worries about soil erosion, are the factors that drive the demand for the geotextile market. Further, regulatory organizations’ promotional strategies and policies to spread awareness and advantages of geotextiles will create a positive outlook for the market. The extensive use in various applications, including construction, furniture, hygiene products, vehicles, medical products, agriculture, and packaging, and nonwoven geotextiles, will witness tremendous growth over the forecast period. Moreover, the key manufacturers are focusing on adopting strategic alliances along with the ongoing technological advancements to meet consumers’ growing demand for various applications.

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