The hottest geotextile market value will increase
2022-10-23- Detail
In the next five years, the geotextile market value will increase by an average of 10%
according to the latest research report of arket research, the global geotextile market will continue to grow at a compound annual growth rate of 10.3% in the next five years, and the market value will increase from $3.2 billion in 2011 to $6.4 billion in 2018. In terms of quantity, the global demand for geotextiles will increase rapidly from 1904 million square meters in 2011 to 3398 million square meters in 2018, with a compound annual growth rate of 8.6%
it is reported that when exploring the new development path of plastic granulator technology, road construction has become the largest application field of geotextiles, with a market value of about US $1.502 billion in 2011. At present, the Asia Pacific region has become the region with the largest demand for geotextiles in the world, accounting for more than 41% of the global demand in 2011. In the next five years, the demand for road construction, especially the construction of BRIC countries, will continue to increase, and the demand for geotextiles will continue to grow rapidly. However, during the forecast period, the cost fluctuations of commonly used raw materials such as polypropylene and polyester will have an adverse impact on market growth. It is estimated that the market demand for geotextiles in Europe will reach US $1647.7 million in 2018, while the compound annual growth rate of sales in North America is expected to be 9.9% in the next five years
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