Geotextiles Market Valued at $5.5 Billion
Reportlinker Review is a series of posts featuring Innovations, Social and Economic Megatrends to understand the World of Tomorrow. Each post is illustrated with statistics for one industry.
Reportlinker’s Geotextiles Industry Review in a nutshell
- Geotextiles used in a wide variety of industries
- Market forecasted to grow over next decade
- Communities using geotextiles for flood control
How is the Geotextiles Market?
The global geotextile market is valued at $5.5 billion, according to Visiongain.
The largest markets are the United States and China. China, Japan and Russia are expected to experience future growth.
Geotextiles are manufactured from bio-based and synthetic materials. They are used primarily in civil engineering and military projects to guard against erosion and as filtration.
The geotextiles market is forecasted to grow over the next decade. Growth will be fueled by an increase in agricultural uses, construction projects and innovation.
Globally, the market is forecasted to grow at a compound annual growth rate of between 7% and 9% from 2015 to 2025, according to Whatech.
Asia-Pacific excluding Japan is expected to have the highest growth as the population increases.
The market will be challenged by environmental regulations. Manufacture of synthetic geotextiles produces carbon emissions.
Communities are using Hesco barriers to control flooding. The barriers were invented to stop property erosion, but have been used by the military as a sandbag replacement.
Cedar Rapids, Iowa, is using the barriers along 10 miles downtown to guard against rising waters. The system cost $5 million.
In 2008, a flood caused billions in damage and flooded 10 square miles.
“In 2008, we felt defenseless,” Mayor Ron Corbett told the Denver Post. “In 2016, we took action and mobilized.”
New York City installed 50 million pounds of geotextile bags after Hurricane Sandy.
Monroe, Louisiana, also uses the barriers to control flooding.
In California and New Mexico the barriers have been used to control wildfires.
Meanwhile, Brazil’s first geotextile wall, build in 1986, is being celebrated as a successful experiment in geotextile technology. The goal of the project was to stop erosion on a hill beside a busy roadway.
The wall used Bidim geotextiles which took 15 years to gain project approval.
It used both woven and non-woven varieties. Both worked well and proved they were vital part of the wall’s infrastructure, Bidim representative Demetrius Guimarães told the Technological Institute of Aeronautics geosynthetics group.
When the wall was built, it attracted the attention of researchers and engineers.
ReportLinker Review – Global Geotextiles Market
- The fastest growing geotextile market is Asia with India and China representing more than 85% of the total market. (source: Ken Research Private Ltd)
- Between 2014 and 2019, the geotextiles market’s value is forecasted to reach $8.6 billion, growing at a CAGR of 10.6%. (source: MarketsandMarkets)
- In 2019, demand for geosynthetics in the U.S. is forecasted to be valued at $2.5 billion, growing 3.8% annually and reaching 1.3 billion square yards. (source: Freedonia)
- Over the period 2014-2019, the PP non-woven fabric market is forecasted to grow at a CAGR of 8.7%. (source: TechNavio)