Geotextiles Market Analysis

Global Geotextiles Market Overview

Geotextiles Market Size was valued at USD 6.96 billion in 2022. The Geotextiles industry is projected to grow from USD 7.37 Billion in 2023 to USD 12.52 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.85% during the forecast period (2023 - 2030).

Over the projection period, geotextile usage is expected to increase in a variety of construction applications, such as highways, landfills, drainage structures, and harbors, to improve soil stabilization. The market for geotextiles is anticipated to be driven by their long lifespan and low cost, as well as rising environmental concerns over soil erosion. Promotional strategies and actions taken by regulatory agencies have helped raise knowledge of the advantages of geotextiles, which has benefited market expansion.

Geotextiles Market Trends

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  Regulations by Developed Countries Fueling the Market Growth

  
  

The use of geotextiles made of natural fibers like jute, wool, and coir is suggested as a substitute for synthetic ones. The production of bio-based geotextiles is also permitted under the regulations set forth by a number of developed nations. They are both affordable and made from natural materials. These elements are regarded as the main forces behind the expansion of the geotextiles market.

The plans and initiatives to transform developing nations into modern cities while enhancing the performance and characteristics of the soil and the roads, as well as the rising investment in the infrastructure and construction sectors, is anticipated to drive the geotextiles industry's overall expansion.

Last June (2021), Core & Main LP, which is involved in the distribution of wastewater, water, and fire protection products, acquired most of L&M Bag & Supply Co.’s assets. LM bag supply company majors in geotextiles among other synthetic product-making companies, including those producing erosion control material that have gained reputation over time. This strategic acquisition is expected to provide new opportunities and strengthen Core & Main LP's expertise in erosion control on a global scale.

The BontexGeo Group, a major European firm engaged in the sale and production of geotextiles for civil engineering applications, finalized its purchase of Stratex SA in February 2021. This Swiss-based company specializes in sales of building products and geosynthetic materials with strong market positions in Switzerland. The purchase represents an important step forward for the BontexGeo Group as it continues to grow its presence and capabilities within the geosynthetics industry.

Geotextiles Market Segment Insights

Geotextiles Material Insights

This market is divided into synthetic and natural segments based on material. Polypropylene, polyester, and polyethylene are further divided under the category of synthetic materials. In the upcoming years, it is projected that the polypropylene (PP) segment will continue to dominate. Low elongation and high strength characteristics of PP woven fabric provide slope support, stabilization, and erosion management. Because of its characteristics, including its lightweight, low elongation, stability under heavy construction loads, and high tensile strength, it is frequently used in pavements, roads, dams, riverbanks, diversion irrigation, and railroad projects. The natural material is divided into two more categories: coir and jute. During the predicted period, jute is likely to take the segmental growth lead.

Companies are under pressure to provide eco-friendly and natural products as environmental concerns and government rules around carbon emissions rise. Jute is an eco-friendly and biodegradable natural fabric that can be used in place of various synthetic materials. It also has excellent moisture retention abilities, is simple to install, has high tensile strength, is biodegradable, and is less expensive. Construction of road pavement, soil reinforcement, and riverbank protection all employ it.

In March 2020, in order to create a system for a virtuous cycle of resources, Hyosung TNC inked an MOU with the Busan Metropolitan Government and Netspa, an eco-friendly social venture firm, to collect and recycle used fishing nets into eco-friendly fiber. Busan Mayor Park Hyeong-joon, Hyosung TNC CEO Kim Yong-seup, and Netspa CEO Chung Taek-soo all attended the signing ceremony.

In December 2019, Thrace Group transferred its needle punch line from Thrace-Linq, a wholly-owned U.S. subsidiary in South Carolina, to the company’s Don & Low facility located in Forfar, Scotland, with the goal of consolidating and strengthening its presence in northwestern Europe and the U.K.

Figure 2:  GEOTEXTILES MARKET, BY MATERIAL, 2022 & 2030 (USD BILLION)

Geotextiles Regional Insights

Due to the region's growing infrastructure development, the Asia-Pacific is predicted to have a bigger market value in the geotextiles sector. New initiatives are being welcomed and new investments are being made in the construction industry by nations like China and India. In the Asia-Pacific region, there is a growing need for decent housing and healthcare facilities. The governments of the Asian nations are boosting their investments in that sector as a result.

On the other hand, European nations like Germany and the U.K. are producing geotextiles with distinct properties and features to accommodate a range of applications. The governments of these nations are also putting forth a set of guidelines for manufacturers to follow in order to uphold standards. The geotextiles business is anticipated to grow more broadly throughout the region during the forecast period as a result of the rules and standards pertaining to geotextiles that prevent erosion. Also, the frequent upgrading of sewage and drainage systems in nations like the United States and Canada creates good conditions for the expansion of the geotextiles market in such nations.

Figure 2:  GEOTEXTILES MARKET, BY REGION, 2022 & 2030 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Geotextiles Key Market Players & Competitive Insights

To boost their capacity for distribution and the market reach of their products, major market players are getting into arrangements with new and small-scale competitors. To guarantee that customers may acquire such products in a timely manner, producers are also concentrating on additional effective and efficient distribution channels.

On the basis of their geographic reach, distribution networks, product portfolio, innovation, strategic advancements, operational capabilities, and the market presence of their brands, leading market participants have been benchmarked.

Key Companies in the Geotextiles market include

• BASF SE (Germany)


• Covestro (Germany)


• Solvay SA (Belgium)


• Celanese (US)


• DowDuPont (US)


• LG Chem (South Korea)


• SABIC (Saudi Arabia)


• Evonik Industries (Germany)


• Lanxess (Germany)


• Mitsubishi Geotextile (Japan)

Geotextiles Industry Developments

In February 2024, HUESKER Group established its new subsidiary in South Africa as a means of strengthening its commitment within the country to not only target future customers but also expand existing business relationships.

Asahi Kasei Advance Corporation last December revealed a new membrane system for dehydrating organic solvents used in the pharmaceutical industry under mild conditions without heat or pressure.

Owens Corning, a global leader in building and construction materials, announced an investment of $24.5 million for increasing non-woven geotextile production capacity in Arkansas; this gave it more market value since it led to more products being manufactured in their portfolio, which eventually paid off with increased shares.

Huesker Group gave new ideas about preventing erosion from happening on transport infrastructure located in coastal areas during July 2022. The company came up with geotextile container systems that incorporate tubes and bags of huge dimensions.

BontexGeo Group, Europe’s leading manufacturer and seller of geosynthetics used for civil engineering applications, acquired all shares of Geotexan SA Company based in Minas de Riotinto,Huelva (ES) that specializes in manufactures and sales of geosynthetics and fibers having strong market position established in Spain, through Minas de Riotinto, Huelva (ES).

Geotextiles Market Segmentation

Geotextiles Material Outlook

• Synthetic Fibers


• Natural Fibers

Geotextiles Product Type Outlook

• Non-Woven


• Woven


• Knitted


• Others

Geotextiles End-Use Outlook

• Transportation


• Environment


• Energy & Water Resources


• Building Site Infrastructure


• Agriculture


• Others

Geotextiles Regional Outlook

• North Americas
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • Turkey
  
  
  • Israel
  
  
  • South Africa
  
  
  • GCC
  
  
  • Rest of MEA
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Mexico
  
  
  • Rest of LATAM