One of the key factors fueling the expansion of the geotextiles market is the improvement of transportation routes and infrastructure. One of the biggest regional producers in the worldwide geotextiles market is Asia Pacific. Rapidly expanding urbanisation has increased the need for new roadways and cutting-edge infrastructure. India is predicted to generate US$ 6.9 billion in total income by the end of 2017 and has the second-largest road network in the world, according to IBEF. The Ministry of Commerce and Industry, Department of Commerce, and the Government of India formed the India Brand Equity Foundation (IBEF) as a Trust with the goal of promoting and raising awareness of products made in India on a global scale. This was primarily caused by several government programmes, including the Pradhan Mantri Gramme Sadak Yojana (PMGSY), which in 2016–17 resulted in the construction of 133 km of roads every day. In addition to many other civil engineering applications, geotextiles are employed in the building of highways, harbour improvements, drains, land reclamation, and breakwaters. By using fill materials, heavy geotextiles are used in the reinforcing of earthen constructions.
According to Coherent Market Insights, The size of the global Geotextile Market was USD 7,028 million in 2021 and is projected to increase to USD 12,030 million by 2030, rising at a CAGR of 6.3% from 2022 to 2030.
Key Competitors in the Geotextile Industry:
1. GSE Holdings Inc.
The firm was founded in 1981 and is located in Chicago, Illinois, United States. GSE Holding, Inc. creates containment products to safeguard the environment. The business manufactures speciality goods, nonwoven geotextiles, geosynthetic clay liners, drainage products and geomembranes. GSE Solutions stated in March 2023 that it would upgrade the simulators for Olkiluoto Nuclear Power Plant.
2. The Dow Chemical Company
The company was started in 1897 and has its main office in Midland, Michigan, U.S As a chemical firm, The Dow Chemical firm does business. The business produces plastic materials, rubber, agro-science, and speciality chemicals. Worldwide, Dow Chemical provides services to the packaging, construction, food, and personal care industries. Dow and New Energy Blue established a partnership in May 2023 to create renewable plastic materials using leftover maize.
3. Fibertex Nonwovens A/S,
The firm was started in 1868 and has its main office in Aalborg, Denmark. Nonwoven fabrics are made by Fibertex Nonwovens. A variety of fabrics are available from the company for use in acoustics, automobiles mattresses, composite materials, building materials, filtration, furniture, flooring, home and garden, and wiping.
4. Low & Bonar PLC.
The firm was founded in 1903 and is based in Edinburgh, Scotland, the UK. Polymers and other specialised materials are designed, processed, and finished into products by Low & Bonar plc for specific markets. The business makes plastics, flooring, and yarns and fabrics. An international producer of technical fabrics is Low & Bonar.
5. Huesker Synthetic GmbH
The company was started in 1861 and is located in Fabrikstraße ,Gescher Germany. Geosynthetic goods are produced by Huesker Synthetic GmbH. The company manufactures textile products, such as agricultural and technical textiles. HUESKER debuted premium geogrids made entirely of recycled PET in May 2023.
6. Tenax
The company was founded in 1956 and is located in Chapel Hill, North Carolina, United States. The business is a specialty pharmaceutical firm with a primary therapeutic emphasis on pulmonary hypertension. Its goal is to identify and develop therapies that target cardio-pulmonary disorders with high unmet medical needs. Tenax Therapeutics declared in September 2022 that it will assess its strategic options.
7. Kaytech Engineered Fabrics
The business was started in 1971 and is based in South Africa. The civil engineering sector receives geosynthetic products from the South African business Kaytech. Kaytech has been offering geotextiles and other synthetic materials to the civil engineering sector.
*Definition: Geotextiles are a class of geosynthetic materials with over 80 uses that have gained popularity in the past ten years. They provide exceptional resistance to biodegradation, making them the material of choice in many industries.
