According to a new report from Research and Markets, the geotextile market is expected to be valued at $5.76 billion in 2017 and is likely to reach $9.35 billion by 2022, at a CAGR of 10.2% from 2017 to 2022. Rising demand for geotextiles due to superior properties and cost savings, high demand in road construction, and growing infrastructure activities in the emerging economies are the key factors driving the growth of this market. Volatile raw material prices affecting the demand for synthetic geotextile acts as the key restraint to the growth of the geotextile market.

The nonwoven geotextile segment accounted for the largest share of the geotextile market in 2016. This large share is mainly attributed to the material being cost-effective and the key functional properties which make it a preferred material especially for the construction industry.

Synthetic geotextile is the largest material type segment of the geotextile market. Within the synthetic geotextile segment, polypropylene is a preferred material especially for the applications in the construction industry since it is cheaper in comparison to other raw materials.

Road construction and pavement repair is the largest segment of the geotextile market, by application. Geotextiles have proven to be the optimum solution for ground stabilization problems, increasing pavement life, repair and rehabilitation of highways, cost control, and better lifespan of roads. Hence, there is a high demand for geotextile in this application segment.