Geotextiles Market Size To Exceed .2 Billion By 2020Posted by David Jones on August 21st, 2017 Global geotextile market size is likely to be valued at USD 8.24 billion by 2020; as per a new research report by HexaResearch. Increasing use in soil reinforcement activity coupled with growing application scope in road & railway development is likely to drive market growth. Favorable government regulations in countries such as China, India, Brazil and UAE supporting application development and employment creation in manufacturing industries is likely favor geotextiles market growth. Lack of manufacturing standardization coupled with fluctuation prices of raw materials such as polyester and polyethylene is anticipated to challenge trade opportunities and profitability. Nonwoven geotextiles were the largest consumed product segment and accounted for over 65% of the total volume in 2013. Low cost and factors such as absorbency, mechanical strength and liquid repellency make nonwoven products to be widely preferred in the industrial applications. Woven products were the second largest consumed product and are likely to witness significant gains, at an estimated CAGR of 9.0% from 2014 to 2020. Browse Details of Report @ http://www.hexaresearch.com/research-report/geotextiles-industry/ Key report insights suggest:
For the purpose of this study, HexaResearch has segmented the geotextiles market on the basis of product, application and region: Global Geotextiles Product Overview (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2020) Nonwoven Woven Knitted Global Geotextiles Application Overview (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2020) Roads Erosion Prevention Drainage Others Global Geotextiles Product Overview (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2020) North America Europe Asia Pacific RoW. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/specialty-ceramic-glass-and-fiber-industry About Us: Contact Us: Like it? Share it!More by this author |