September 07, 2023 09:00 ET | Source: Emergen Research Emergen Research
Vancouver, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The global geotextile market size is expected to reach USD 25.34 Billion in 2032 and register a steady revenue CAGR of 10.3% over the forecast period, according to the latest analysis by Emergen Research. Growing consumption of bio-based geotextiles is expected to drive market revenue growth. Bio-based geotextiles are created using different natural materials, such as agricultural products and waste materials. Examples of these bio-based geotextiles include geotextiles made from maize-based Polylactic Acid (PLA), erosion mats crafted from sheep wool, and mats formed from straw and coconut fibers. These bio-based geotextiles come with several important benefits. They are efficient in their use of resources and can help lower or even eliminate Greenhouse Gas (GHG) emissions. PP Weld Geogrid
In addition, these materials are lightweight, which helps reduce costs for their application and transportation. Bio-based geotextiles are particularly useful for shorter timeframes, lasting from 6 months to 10 years, where their ability to break down naturally is a positive feature. These geotextiles are used as a cover to improve plant growth, ensure survival of plants, and prevent soil erosion. In cases where sheet mulch is used, these geotextiles can even include seeds that grow into plants, helping to stabilize the soil as the geotextile breaks down naturally. They can also function as filters in both industrial and agricultural settings, and they can also absorb substances such as oil and chemicals. If organizations can benefit from any of these capabilities, they might consider incorporating bio-based geotextiles into their procurement process.
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However, rising popularity of geotextile alternatives such as geogrids is expected to restrain market revenue growth. Using geogrids in various construction applications comes with numerous advantages. They have the potential to lower overall project expenses, as their apertures accommodate a wide range of fill materials, enabling contractors to utilize less costly soils. Geogrids can also expedite construction timelines, contributing to an overall reduction in project costs. They minimize the depth of excavation necessary on unfavorable subgrades.
In addition, geogrids enhance safety and increase seismic resilience by stabilizing slopes and reinforcing soil strength. By mitigating the differential settlement of roadways, geogrids diminish the need for maintenance and extend lifespan of paved roads. These materials display robust resistance to soil microorganisms, chemicals, Ultraviolet (UV) radiation, and mechanical wear. Depending on manufacturing methods and materials, geogrids can even be engineered to withstand creep when exposed to substantial long-term loads or resist intense, short-term dynamic pressures. These factors are creating a high demand for these geogrids which is expected to retrain revenue growth of the market.
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Major Companies and Competitive Landscape
The global geotextile market is fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective database security. Some major players included in the global geotextile market report are:
On 15 March 2021, Puerko Sp. z.o.o. announced the installation of an Andritz needle punch line in Myszków, Poland. This line was utilized to process recycled fibers obtained from discarded garments, to produce specialized technical felts for applications in furniture and geotextiles. The resulting products encompassed fabric weights spanning from 300 to 500 gsm, and the production capacity was capable of achieving up to 750 kg/h. The process of installation and commencement was originally slated for the third quarter of 2021. Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2239
Some Key Highlights From the Report
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For the purpose of this report, Emergen Research has segmented the global geotextile market based on material type, product, application, end-use, and region:
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