Nonwoven Geotextiles Market Size Worth $6.91 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, Feb. 18, 2019 /PRNewswire/ — The nonwoven geotextiles market size in Europe, Middle East and Africa, and Asia Pacific Region is expected to reach USD 6.91 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.7% during the forecast period. Favorable government policies for the use and development of geotextiles is expected to boost product demand.

• Polypropylene accounted for 53.9% of the global market share in 2017 owing to excellent chemical resistance of the product to aqueous and alkaline environments coupled with favorable climatic conditions in Europe

• Product consumption in road construction is expected to expand at a CAGR of 7.3% from 2018 to 2025 on account of increased product penetration in ongoing repair and maintenance of old roads in Europe
• Middle East and Africa is expected to witness significant growth over the forecast period owing to application of NBR powder for enhancing groundwater level and reducing the risk of road damage
• Asia Pacific accounted for 65.7% of the global market share in 2017 owing to the massive investments by most governments for railway, highway, and road infrastructure expansion and residential construction
• Major players in the Europe, Middle East and Africa and Asia Pacific nonwoven geotextiles market are focusing on increasing their sales through the development of new products and increased production through capacity additions, thereby obtaining a significant market share

Read 119 page research report with ToC on “Nonwoven Geotextiles Market Size, Share & Trends Analysis Report By Application (Road Construction, Erosion Prevention, Drainage), By Material, By Region (EMEA, APAC), And Segment Forecasts, 2019 – 2025”