Study: global geotextile market to grow at 10.2%/year to 2022
DUBLIN, Ireland, December 5, 2017-
The geotextile market is expected to be valued at USD 5.76 billion in 2017 and is likely to reach USD 9.35 billion by 2022, at a CAGR of 10.2% from 2017 to 2022. Rising demand for geotextiles due to superior properties and cost savings, high demand in road construction, and growing infrastructure activities in the emerging economies are the key factors driving the growth of this market. Volatile raw material prices affecting the demand for synthetic geotextile acts as the key restraint to the growth of the geotextile market.
“Nonwoven geotextile is the largest segment of the geotextile market, by product type.”
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