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Global geotextiles market: 11% CAGR forecast between 2012-2016

Press Release   •   Aug 08, 2013 13:45 BST

The Global Geotextiles market is to grow at a CAGR of 10.96 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for geotextiles in road and railway construction. The Global Geotextiles market has also been witnessing an increased use of natural geotextiles. However, the rise in raw material prices could pose a challenge to the growth of this market.

Natural geotextiles are used as temporary short-term reinforcements. The use of synthetic geotextiles in these applications is overly expensive and not feasible in developing/emerging economies. Also, most developing economies have an abundant supply of renewable raw-materials. Natural geotextiles provide a less expensive option to meet end-user requirements. Thus, the use of biodegradable and eco-friendly textiles is on the rise, particularly in developing countries, such as India, China, and Brazil. Synthetic geotextiles, based on polypropylene and polystyrene, are also non-biodegradable and have a longer life than the structures they are protecting. This has caused manufacturers to switch to cheaper eco-friendly alternatives for short-term applications. For instance, geotextiles used to control soil erosion is only used for a short duration, after which natural vegetation growth takes over. Also, the strength and durability of natural fibers is sufficient for short-term applications; they also do not have any lasting effect on the environment. Thus, the use of natural geotextiles is expected to increase in the forecast period which will lead to the growth of the Global Geotextiles market.

One of the main drivers of this market is the increased utilization of geotextiles in road and railway construction. Contractors are increasing aware of geotextiles' long-term cost and performance advantages when compared with traditional methods of road construction. This, in turn, has led to an increased adoption of geotextiles by contractors worldwide.

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