Market Size of Geotextile Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.46 Billion |
| Market Size (2029) | USD 2.39 Billion |
| CAGR (2024 - 2029) | 10.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Geotextile Market Analysis
The Geotextile Market size is estimated at USD 1.46 billion in 2024, and is expected to reach USD 2.39 billion by 2029, growing at a CAGR of 10.34% during the forecast period (2024-2029).
The COVID-19 pandemic hindered the market because lockdowns, social distancing, and trade sanctions caused significant disruptions to global supply chain networks. The road construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which is expected to benefit the market during the forecast period.
- Major factors driving the market are the increasing use of geotextiles in the construction industry and mining activities and the stringent regulatory framework for environmental protection.
- The fluctuating prices of raw materials are expected to hinder the market's growth.
- Rising awareness about water conservation in the manufacturing sector is expected to act as an opportunity for the market in the future.
- Asia-Pacific is expected to dominate the global market due to government investments in the construction of roads and rail projects, leading to a huge demand for geotextiles from countries such as China, Japan, and India.
