In a recent published report, Kenneth Research has updated the market report for Geotextile Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Geotextile Market products.
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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
Global Geotextile Market was valued at USD 4.45 Billion in the year 2017. The Geotextile Market is further predictable to grow at a CAGR of 12.37% from 2018 to reach USD 13.01 Billion by the year 2025. Asia Pacific region holds the maximum Market share in 2017 whereas European region is regarded as the fastest growing Market in the forecasted period. Developed markets like China as well the emerging markets like India with largest population base holds the notable Market share in 2017 at country level and it is expected to grow strongly in the next 5 years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Amongst various Implementation Types, Road construction segment is expected to hold the highest Market share during the forecast period because of its growing popularity and product durability.
The Major Market Players in Geotextile Market are Koninklijke Ten Cate by., GSE Environmental, Low & Bonar, NAUE GmbH & Co. KG, Officine Maccaferri SpA, Fibertex Nonwovens A/S, Huesker Synthetic GmbH and other 13 companies detail information is provided in research report. Koninklijke Ten Cate have the substantial Market share because of its wide global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, new product launches, the government offered contributions and organic growth strategies were few systems adopted by various manufacturers in last 5 years.
By Product Type
Woven
Non-Woven
Knitted
By Implementation Type
Road Construction
Railways
Agriculture
Others
By Type
Synthetic
Natural
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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