According to the latest findings from Meticulous Research®, the geotextiles market is expected to reach $18.1 billion by 2031, growing at a CAGR of 8.8% from 2024 to 2031. This growth trajectory is primarily fueled by increased construction activities in developing regions, heightened investments in nonwoven geotextiles, and rigorous environmental protection regulations. However, the market is challenged by the volatility of raw material prices.
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Rising Demand for Bio-Based Geotextiles
The growing interest in bio-based geotextiles and advancements in geotextile materials are likely to provide significant growth opportunities for industry players. Yet, the limited technical knowledge surrounding geotextiles in emerging markets represents a notable challenge to the industry’s growth.
Material Segment Overview
The geotextiles market is divided by material, encompassing synthetic (polypropylene, polyester, polyethylene, polyamide, and other synthetic materials) and natural (jute, coir, and other natural materials). In 2024, the synthetic segment is projected to command a significant market share of over 87%. This dominance is attributed to the cost-effectiveness and broad application of synthetic geotextiles in road construction and erosion control. For example, in August 2021, Tensar International Corporation (U.K.) launched InterAx geogrids, enhancing roadway performance and addressing poor soil conditions.
