Global geotextiles market to reach $6.4bn in 2018

摘要

According to a new market report "Geotextiles Market by Product Type (Woven, Non-woven, Knitted) for Roadways, Erosion Control and Drainage -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 -2018, "the global market for geotextiles was valued at USD 3.2 billion in 2011 and is expected to reach USD 6.4 billion in 2018, growing at a CAGR of 10.3% from 2012 to 2018. In terms of volume, the demand for geotextiles was 1,904.0 million square meters in 2011 and is expected to reach 3,398.4 million square meters in 2018, growing at a CAGR of 8.6% from 2012 to 2018. Increasing demand from roadway construction, especially from BRIC countries, is expected to drive geotextile demand over the next five years. Special focus on the use of geotextiles in infrastructural activities coupled with favorable regulatory support is also expected to have a positive impact on global demand. However, the fluctuating cost of commonly used raw materials such as polypropylene and polyester is expected to have an adverse effect on the market over the forecast period.