Geotextile Fabric Market Revenue, Share, Analysis, Growth Factors, 2022–2028

Geotextile Fabric Market Size – USD 2.38 Billion in 2020, Growth – at a CAGR of 9.7%, Trends – Rising demand for sustainable coastal protection solutions

The global Geotextile Fabric Market size is expected to reach USD 4.96 Billion in 2028 and register a revenue CAGR of 9.7% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by increasing applications of Geotextile Fabric in coastal protection and engineering works. Rising rate of coastal erosions due to sea level rise, climate changes, storm surges, and human activities such as harbor construction, sand dredging, and natural calamities are driving demand for Geotextile Fabric. Limited availability of natural resources such as rock in certain regions resulted in growing popularity of Geotextile Fabric as the traditional forms of rivers and coastal structures have become very expensive to build and maintain. Shifting preference from traditional rubber and concrete systems towards cost-effective materials for coastal structures is expected to boost revenue growth of the global market during the forecast period. Geotextile Fabric are widely applied due to features offered such as easy installation and cost effectiveness, and also for minimization of environmental effects. Coastal erosion is causing damage to shorelines and public properties, and is also affecting tourism sector. These factors are boosting need for coastal restoration. Geotextile Fabric help in increasing potential value of beach front through beach restoration and prevent continuous erosion of shoreline at a minimal cost. Moreover, Geotextile Fabric are flexible, and can be easily removed after beach nourishment. This makes Geotextile Fabric favorable for beaches which act as attractive tourism spots.

Major players in the market include Koninklijke Tencate, Naue GmbH Co. Kg, HUESKER, Fibertex Nonwovens, Geofabrics Australasia Pty Ltd, ACE Geosynthetics, Officine Maccaferri SpA, Freudenberg group, Flexituff Ventures International Ltd., and Tensar International.

Get | Download Sample Copy with TOC, Graphs List of Figures@ https://www.reportsanddata.com/sample-enquiry-form/4688

Some Key Highlights in the Report

  • In May 2020, Freudenberg announced the acquisition of Low Bonar PLC, a global manufacturer of technical textiles, which is based in London, United Kingdom. Low Bonar PLC is expected to be integrated in the Freudenberg Performance Materials Business Group. Performance materials business of Freudenberg is expected to be strengthened with the acquisition of Low Bonar PLC. Acquisition would help in strengthening position of the company in the global geotextile tube market.
  • Woven segment is expected to account for largest revenue share in the global Geotextile Fabric market over the forecast period owing to its superior tensile strength and flexibility. Fine porous structure of woven geotextile tube is boosting their demand to prevent coastal erosion because fine pores allow water to flow through them while retaining the filling materials.
  • Marine and hydraulic segment is expected to account for a considerably large revenue share in the global Geotextile Fabric market owing to rising need to prevent coastal erosion, assist mangrove rehabilitation, and encourage beach nourishment. Limited resources of natural rocks in certain regions is resulting in increasing application of Geotextile Fabric in coastal protection in place of conventional coastal structures.
  • The Geotextile Fabric market in Asia Pacific is expected to account for largest revenue share over the forecast period. Rising rate of coastal erosion in all the maritime states and union territories of countries like India due to human interventions and natural causes is expected to boost the demand for geotextile tube to prevent coastal erosion and encourage beach restoration.

Read More @ https://www.reportsanddata.com/report-detail/geotextile-tubes-market

For the purpose of this report, Reports and Data has segmented the global Geotextile Fabric market based on type, end-use, and region:

Type Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)

  • Woven
  • Nonwoven

End-use Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)

  • Environmental Engineering
  • Marine Hydraulic
  • Construction
  • Agricultural Engineering

Regional Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Request For Customization @ https://www.reportsanddata.com/request-customization-form/4688

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs


Devin Smith

70 Blog posts

Comments