Asia to drive growth within the geotextiles industry

10-Apr-13
The geotextiles market has been estimated to increase at a compound annual growth rate (CAGR) of approximately 11% over the next five years, rising from a valuation of US$3.8 billion recorded in 2012, to hit a market value of US$6.3 billion by the end of 2017, as per Companies and Markets. Geotextiles are permeable fabrics which, when used in association with soil, have the ability to separate, filter, reinforce, protect, or drain. Typically made from polypropylene or polyester, geotextile fabrics come in three basic forms: woven (looks like mail bag sacking), needle punched (looks like felt), or heat bonded (looks like ironed felt). Geotextiles and related products have many applications and currently support many civil engineering applications including roads, airfields, railroads, embankments, retaining structures, reservoirs, canals, dams, bank protection, coastal engineering and construction site silt fences. Usually geotextiles are placed at the tension surface to strengthen the soil. Geotextiles are also used for sand dune armouring to protect upland coastal property from storm surge, wave action and flooding. A large sand-filled container (SFC) within the dune system prevents storm erosion from proceeding beyond the SFC. Using a sloped unit rather than a single tube eliminates damaging scour. Within the regional market, Asia dominates the global geotextile industry, and is estimated to reach a market value of US$2.5 billion by 2017. The growth of Asian market is expected to be highest among all regions, primarily driven by the huge demand of infrastructure in developing nations such as China and India. The road industry is the dominating applications segment within geotextiles market. More than 50% of market demand is expected to come from this category, and it has been estimated that over the next five years, the road industry will continue to rule the geotextiles market as far as applications are concerned. Major companies currently leading the way within the geotextiles market include Dupount (El) de Nemours, Lyondell Basell Industries NV, Raven Industries Incorporated, Fibertex Nonwovens A/S, NAUE, TenCate, Propex Global, GSE, Fiberweb and Huesker Synthetic.
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