North America Asphalt Paving Geotextile Market Insights Forecasts to 2030
- The North America Asphalt Paving Geotextile Market Size was valued at USD 331.3 Million in 2022.
- The Market is Growing at a CAGR of 6.8% from 2022 to 2032
- The Size is expected to reach USD 645.1 Million by 2032.
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The North America Asphalt Paving Geotextile Market Size was valued at USD 331.3 Million in 2022 and is expected to grow to USD 645.1 Million by 2032, at a CAGR OF 6.8% during the forecast period 2022-2032.
Road asphalt concrete overlays, separating the road, and reinforcing and stabilizing the road all use asphalt paving geotextiles extensively. In a pavement system, these geotextiles function as a layer of stress relief between the pavement and the overlay. In addition to preventing fractures from forming, they also offer a moisture barrier. To prevent the mixing of a soft subgrade and a granular layer, which frequently results in the distress of a highway, asphalt paving geotextile is also essential in creating a barrier between the two. For the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program for 2022, the U.S. Department of Transportation has announced project funding awards totaling USD 2.2 billion. Roads, bridges, transit, rail, ports, multimodal transportation planning, and capital projects in the United States are all planned to be funded by the 2022 RAISE monies. Paving fabric is made of non-woven geotextile that has a layer of bituminous asphalt on top. This membrane serves as a moisture barrier and stress-relieving membrane between the original pavement and the asphalt overlay, increasing the service life of the overlays. These materials function as a barrier to waterproof the pavements and lessen reflective cracking, hence increasing the lifespan of pavement systems. Asphalt pavements frequently develop large fractures due to the brittleness and shrinking brought on by cold temperatures. The road surface continues to deteriorate as a result of the fissures, which make for a rough ride. Additionally, when the old road surface is replaced, the same transverse fissures soon reflect through the new overlay, enabling water to reach the base and subgrade and limiting the lifespan of the road surface. Therefore, to slow down the degrading process, an increase in the demand for reflective crack treatments using geotextile for asphalt paving is anticipated in North America throughout the projection period.
This research report categorizes the market of North America asphalt Paving geotextile market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America asphalt Paving geotextile market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America asphalt Paving geotextile market.
North America Asphalt Paving Geotextile Market Report Coverage
|Market Size in 2021:||USD 331.3 Million|
|Forecast Period:||2022 – 2032|
|Forecast Period 2022 – 2032 CAGR:||6.8%|
|022 – 2032 Value Projection:||USD 645.1 Million|
|Historical Data for:||2020-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||By Application, By Country,|
|Companies Covered:||SKAPS Industries, Carthage Mills, Inc., GSI Geo-Synthetics Systems LLC, Road Fabrics Inc, TenCate Geosynthetics Americas., Global Synthetics., GeoSolutions, Inc., Thrace Group., Fibertex Nonwove, ns A/SUS Fabrics, Inc.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The increased use of these geotextiles for road, highway, and pavement construction is anticipated to fuel the expansion of the asphalt paving geotextile market in the U.S. Furthermore, asphalt paving geotextile has a large absorption capacity. This gives the infrastructures that employ these geotextiles more strength, increasing their lifespan. The contamination of the aggregate base, which results in the loss of aggregate strength, is the main cause of damage to pavement and roads. Soils from the subgrade may move into the aggregate base over time as a result of constant vehicle pressure. As a result, the effective aggregate thickness decreases significantly, undermining the road support and impairing the performance and lifespan of the highway. The soil underlying the road tends to be highly silty, and when there is a lot of traffic, the soil gets wet and muddy, which weakens the road.
In North America, the COVID-19 epidemic led to a financing crunch and a drop in demand for geotextiles used in asphalt paving. Since there haven't been many roads maintenance and repair projects in the nation in recent years, there will likely be an increase in the need for maintenance on the nation's roads and highways. This is expected to lead to a rise in the demand for asphalt paving geotextile in the area throughout the projected period.
- In 2022, the separation & reinforcement segment is dominating the largest market share of 45% over the forecast period.
On the basis of application, the North America asphalt paving geotextile market is segmented into paved surface rehabilitation, reflective crack treatment for pavements, separation & reinforcement. Among these, the separation & reinforcement segment is influencing the largest market share during the forecast period. Airport buildings with heavy surface traffic can support dynamic loads because of the stabilizing and strengthening effects of asphalt paving geotextile on the foundations. To maintain the stability of subsurface materials and extra road-building materials, geotextiles are also used in road extension projects.
The paved surface rehabilitation application is forecasted to grow at the highest CAGR during the forecast period, owing to the resurfacing, repairing, and restoring existing pavement surfaces or highways are all parts of paved surface rehabilitation, which aims to boost the performance and durability of asphalt pavement structures while extending service life. Over the projection period, it is expected that the demand for asphalt paving geotextile would expand due to the rising requirement for road maintenance and repair activities in North America. Furthermore, before an asphalt overlay reaches the end of its planned life, reflective cracking in asphalt pavements brought on by shrinkage and brittleness can seriously degrade it. To keep the new overlay from reflecting pre-existing transverse fissures, asphalt paving geotextile was used. They are made to lessen the stress that old pavement transfers to the overlay.
- In 2022, the United States segment is leading the largest market growth of 76.4% over the forecast period.
Based on the country, the North America asphalt paving geotextile market is bifurcated into the United States, Canada, and Mexico. Among these, the U.S. dominated the North America asphalt paving geotextile market with the highest revenue share of 76.4% during the forecast period, due to increasing rates of soil erosion brought on by rainfall and poor road drainage. Since they improve the pavement's tensile strength and hence strengthen the soil, asphalt paving geotextiles are frequently used in road-building projects. Moreover, these geotextiles can be used as a fast-dewatering layer on roadbeds. The market is anticipated to rise as a result of the rising number of road maintenance and repair operations as well as various encouraging government efforts to improve road connectivity and carry out infrastructure development projects in the United States.
Canada is expected to register the fastest CAGR during the forecast period, this can be attributed to the nation's continuous infrastructure development initiatives and the thriving construction industry. Because the money of the Canadian government was diverted to guaranteeing adequate healthcare and wage protection for the majority, the pandemic caused economic instability and held down development efforts. As a result, the Canadian market demand for asphalt paving geotextile was also impacted by the absence of funding for infrastructure.
The report offers the appropriate analysis of the key organizations/companies involved within the North America asphalt Paving geotextile market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- SKAPS Industries
- Carthage Mills, Inc.
- GSI Geo-Synthetics Systems LLC
- Road Fabrics Inc
- TenCate Geosynthetics Americas.
- Global Synthetics.
- GeoSolutions, Inc.
- Thrace Group.
- Fibertex Nonwovens A/S
- US Fabrics, Inc.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the North America Asphalt Paving Geotextile Market based on the below-mentioned segments:
North America Asphalt Paving Geotextile Market, By Component
- Paved Surface Rehabilitation
- Reflective Crack Treatment for Pavements
- Separation & Reinforcement
North America Protein Market, By Country
- United States
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