NEW YORK, December 21, 2016 /PRNewswire/ --
Geotextiles are referred to as permeable geosynthetics comprising of textile or fabric materials. Geotextiles are manufactured using a wide range of polymers including polypropylene, polyester, polyethylene, polyamide etc. The basic functions of geotextiles include separation, drainage, filtration, reinforcement and protection. There are various types of geotextiles used in India. Geotextiles covered in this report include woven geotextiles and non-woven geotextiles among others. Among the different categories of geotextiles, non-woven type accounts for a larger share in the overall India geotextiles market and is expected to witness strong growth over the next nine years on account of low cost as well as increasing applications of non-woven geotextiles across various industries. Woven geotextiles are also projected to exhibit robust growth over the next nine years due to their ability to provide reinforcement.
India Geotextiles Market: Drivers and Restraints
Increasing investments coupled with rise in the number of infrastructure projects, especially government infrastructure projects, are driving the demand for geotextiles in the country. Additionally, increasing level of awareness among the people in India coupled with growing government support for the development of the country's geotextiles industry is driving the India geotextiles market. Additionally, stringent government policies & regulations on the use of geotextiles and increasing investments in road construction projects are some of the other major factors driving the geotextiles market in the country. High penetration of unorganized manufacturing units or companies in India as well as lack of significant technical expertise in the country pose a threat to the growth of geotextiles market in India.
India Geotextiles Market: Segmentation
Based on type, India geotextiles market is segmented as:
- Woven Geotextiles
- Non-woven Geotextiles
Based on material, India geotextiles market is segmented as:
Based on application, the India geotextiles market is segmented as:
- Road Construction
- Erosion Control
India Geotextiles Market: Overview
The geotextiles market in India was valued at around USD68 million in 2015 which is further anticipated to witness growth at a compound annual growth rate of over 20% during the next nine years. Geotextiles market in India is expected to witness strong growth over the next nine years owing to increasing awareness among the people regarding the benefits for geotextiles, which is has resulted in increased application in construction and transport projects in place of concrete and asphalt. Significant government support on development of geotextiles market in India and strong growth opportunities is also propelling the demand for geotextiles in the country. Additionally, increasing infrastructure projects, increasing urbanization along with growing population are some the factors fueling the geotextiles market in the country.
India Geotextiles Market: Region-wise Outlook
Government support as well as rising awareness are supporting the demand for geotextiles in different parts of the country. Among the north, south, west and east regions of the country, west and east region are among the leading demand generators for geotextiles. Western and southern region will witness demand for geotextiles driven by presence of long coastal areas in these regions. In the eastern region demand for geotextiles will be generated by erosion applications. ATIRA (Ahmedabad Textile Industry's Research Association) will help in the development of roads in the northeast which would further support increasing demand for geotextiles in the country.
India Geotextiles Market: Key Players
Key players in the India Geotextiles Market include TechFab India, Maccaferri Environmental Sol. Pvt Ltd, Garware-Wall Ropes Ltd., Terram Geosynthetics Private Limited, Jeevan Group, Hi-Tech Geosynthetics Pvt. Ltd. etc.
The report covers exhaustive analysis on:
- Market Size
- Market Segmentation
- Innovations and Technological Advancements
- Market Dynamics (Market Drivers, Challenges & their Impact Analysis)
- Market Trends
- Competition & Companies involved
"India Geotextiles Market Forecast & Opportunities, 2025" has analyzed the potential of the India geotextiles market and provides statistics and information on market sizes, shares, and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
- India Geotextiles Market Size, Share & Forecast
- Segmental Analysis - By Type, Material, Application, Region & Company
- Market Dynamics & Impact Analysis
- Market Attractiveness Index
- BPS Analysis
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
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