SAN FRANCISCO - The nonwoven geotextiles market size in Europe, Middle East and Africa, and Asia Pacific Region is expected to reach USS$6.91 billion by 2025.
The new report by Grand View Research, Inc. also says that the market is anticipated to expand at a CAGR of 6.7 per cent during the forecast period, boosted by favorable government policies for the use and development of geotextiles.
The report also notes that polypropylene accounted for 53.9 per cent of the global market share in 2017 owing to excellent chemical resistance of the product to aqueous and alkaline environments coupled with favorable climatic conditions in Europe.
In particular, product consumption in road construction is expected to expand at a CAGR of 7.3 per cent from 2018 to 2025 on account of increased product penetration in ongoing repair and maintenance of old roads in Europe.
In Middle East and Africa, meanwhile, significant growth is expected over the forecast period due to the application of NBR powder for enhancing groundwater level and reducing the risk of road damage.
The report also notes that Asia Pacific accounted for 65.7 per cent of the global market share in 2017 owing to the massive investments by most governments for railway, highway, and road infrastructure expansion and residential construction
At the same time, major players in the Europe, Middle East and Africa and Asia Pacific nonwoven geotextiles market are focusing on increasing their sales through the development of new products and increased production through capacity additions, thereby obtaining a significant market share.
"China is anticipated to contribute majorly to the demand for geotextiles owing to its increasing penetration in the construction of new roads and drainage systems," the report says. "In addition, the Chinese government has invested a large number of resources in infrastructure development, wherein major investments were made in the construction of highways and railways."