North America Geotextiles Market Insights Forecasts to 2032
- The North America Geotextiles Market Size was valued at USD 1085.3 Million in 2022.
- The Market is Growing at a CAGR of 8.0% from 2022 to 2032.
- The North America Geotextiles Market Size is expected to reach USD 2350.7 Million by 2032.
- North America is expected to grow the fastest during the forecast period.
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The North America Geotextiles Market Size is expected to reach USD 2350.7 Million by 2032, at a CAGR of 8.0% during the forecast period 2022 to 2032. The rising need for highly efficient and utilitarian textiles in infrastructure construction, erosion control, and farming applications, in conjunction with a rapid increase in the construction industry, is a major driver driving the growth of the North American geotextiles market.
Geotextiles are polymeric textiles that are utilized in the building of highways, drains, harbor works, and breakwaters, as well as the rehabilitation of land and a variety of other applications in civil engineering. In their end-use performance, geotextiles have been employed in a wide range of contexts, and it is critical to account for the chemistry of the surrounding environment while creating or engineering geotextiles for applications such as city-wide and potentially hazardous waste garbage dumps, geotextile reinforcement of slopes and subgrades, and earth preservation structures.
Geotextiles are considered to be of the rapidly expanding segments of the engineering textile market, and this trend is projected to continue. The geotextile sector demands large amounts of material. In terms of revenue, the United States owned the greatest share, accounting for 68.7% of the overall market revenue in 2022. Due to the expanding disciplines of civil, geotechnical, environmental, coastal, and hydrodynamic engineering, it is projected that there would be an increase in the need for geotextiles. Some of the key companies in the market include TenCate Geosynthetics, Fibertex Nonwovens A/S, Officine Maccaferri S.p.A., and Propex Operating Company LLC. These businesses provide a variety of products. Startups or developing firms, such as Nilex, Inc. and Belton Industries, are likely to obtain opportunities to position their presence in the industry by developing unique products. Furthermore, new entrants concentrate on their individual capabilities and work to expand their consumer base.
North America Geotextiles Market Report Coverage
|Market Size in 2022:||USD 1085.3 Million|
|Forecast Period 2022-2032 CAGR:||8.0%|
|2032 Value Projection:||USD 2350.7 Million|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||130|
|Segments covered:||By Product Type, By Application, and COVID-19 Impact Analysis|
|Companies Covered:||AGRU America, Inc., HUESKER Group, NAUE GmbH & Co. KG, Belton Industries, DuPont, TYPAR, Officine Maccaferri S.p.A., Nilex, Inc., Fibertex Nonwovens A/S, TenCate Geosynthetics, Propex Operating Company, LLC, Carthage Mills, Berry Global, Strata Systems, Belton Industries, SKAPS Industries, GSE Environmental|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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This research report categorizes the market for North America Geotextiles 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 Geotextiles 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 Geotextiles Market.
Rising civil engineering operations in North America as a result of rapid population growth and industrialization are likely to drive the geotextile market in the region. Geotextiles' lower cost and higher durability relative to other materials, as well as increased environmental concerns about soil erosion, are expected to stimulate consumer demand in North America. Furthermore, increased demand for non-woven geotextiles in the transportation infrastructure industry due to their high tensile strength and low cost is likely to fuel product demand in North America geotextile market over the forecast period.
Additionally, increased research and development efforts and improvements in technology have resulted in the development of synthetic as well as natural materials that demand fewer upkeep procedures, favorably boosting the growth of the geotextiles business in the North American market. Furthermore, developing megacities in the United States and China are likely to enhance demand for the geotextile market in North America.
- In 2022, the nonwoven geotextile segment is witnessing a higher growth rate over the forecast period.
On the basis of product type, the North America Geotextiles Market is segmented into knitted geotextile, woven geotextile, and nonwoven geotextile. Among these, the nonwoven geotextile segment is witnessing a higher growth rate over the forecast period. The rise in demand can be attributed to an increase in the transportation infrastructure industry owing to its superior tensile strength and cost-effective affordability. Furthermore, nonwoven geotextiles are in high demand in developed nations such as the United States and Canada because of rapid infrastructure construction. Additionally, advances in the application of non-woven geotextiles within drainage sub-systems and enhancing the life lifetime of dumps are likely to boost market expansion over the forecast period.
- In 2022, the erosion control segment accounted for the largest revenue share of more than 27.3% over the forecast period.
On the basis of application, the North America Geotextiles Market is segmented into road construction, railway work, agriculture, erosion control, reinforcement, drainage systems, lining systems, asphalt overlays, separation & stabilization, slit fences, and others. Among these, the erosion control segment is dominating the market with the largest revenue share of 27.3% over the forecast period. This growth is attributed to an upsurge in extreme weather occurrences in North America, as it regulates soil erosion resulting from flowing water, waves, wind, moving ice, and other bank erosion forces. Over the past decade, the United States has seen an extreme change in climate conditions, resulting in massive flooding in the Midwest and California, during which the vast majority of the nation's numerous food crop varieties are grown. As a result, farmers prefer to employ geotextiles to avoid losses to crops, which is likely to boost the geotextile market in North America throughout the forecast period.
The report offers the appropriate analysis of the key organizations/companies involved within the North America Geotextiles 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
- AGRU America, Inc.
- HUESKER Group
- NAUE GmbH & Co. KG
- Belton Industries
- Officine Maccaferri S.p.A.
- Nilex, Inc.
- Fibertex Nonwovens A/S
- TenCate Geosynthetics
- Propex Operating Company, LLC
- Carthage Mills
- Berry Global
- Strata Systems
- Belton Industries
- SKAPS Industries
- GSE Environmental
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In June 2021, Colony Hardware, Inc. (“Colony” or the “Company”), a leading direct-to-jobsite distributor of construction materials and job site supplies has announced the acquisition of Jarco Supply, LLC (“Jarco”), a North Carolina-based distributor specializing in erosion control, geotextile, and stormwater solutions as well as concrete and masonry accessories, rebar fabrication, and decorative concrete products to the commercial, residential, and public infrastructure markets
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America Geotextiles Market based on the below-mentioned segments:
North America Geotextiles Market, By Product Type
- Knitted Geotextile
- Woven Geotextile
- Nonwoven Geotextile
North America Geotextiles Market, By Application
- Road Construction
- Railway Work
- Erosion Control
- Drainage Systems
- Lining Systems
- Asphalt Overlays
- Separation & Stabilization
- Slit Fences
North America Geotextiles Market, By Country
- United States
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