GEOTEXTILE MARKET ANALYSIS

Geotextile MarketSize and Trends

Geotextiles Market Outlook – Need for Durable Materials Expected to Boost the Demand

Development of roads and infrastructure is one of the major factors contributing to the growth of geotextiles market. Asia Pacific is one of the major contributors in the global geotextiles market globally. Rapidly flourishing urbanization has led to the increase in the requirement of new roads and modern infrastructure. According to IBEF, India has the second-largest road network in the world and is expected to reach total revenue of US$ 6.9 billion by the end of 2017. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. This mainly attributed to various government initiatives such as Pradhan Mantri Gram Sadak Yojana (PMGSY), during which 133-km roads per day was constructed in 2016-17 and others.