Knitted Geotextiles- Market Scope
Knitted geotextiles are a type of geosynthetic material used in civil engineering, construction, and environmental applications. They are composed of synthetic or natural fibers that are mechanically interlocked through a knitting process, resulting in a stable, three-dimensional structure with a porous and open texture. Knitted geotextiles offer a range of benefits and are primarily designed to enhance the performance of various civil engineering and environmental projects. The increasing urban population leads to higher demand for urban infrastructure, including roads, buildings, and other structures driving the market for knitted geotextiles.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tenax (Italy), Maccaferri (Italy), Agru America Inc. (U.S.), TenCate Geosynthetics Asia Sdn Bhd. (Malaysia), Terram Geosynthetics Pvt. Ltd. (India), HUESKER Synthetic GmbH (Germany), Global Synthetics (Australia), TYPAR Geosynthetics (U.S.), Fibertex Nonwovens A/S (Denmark) and Belton Industries (U.S.) |
CAGR | % |
Companies focus on developing high-quality geotextiles with unique features and characteristics that set them apart from competitors. This can include enhanced strength, durability, or specialized applications. Apart from this, major players have adopted various strategies such as product portfolio expansion, mergers and acquisitions, geographic expansion, agreements, and collaborations to increase their market share and strengthen their foothold in the industry.
Tenax (Italy), Maccaferri (Italy), Agru America Inc. (U.S.), TenCate Geosynthetics Asia Sdn Bhd. (Malaysia), Terram Geosynthetics Pvt. Ltd. (India), HUESKER Synthetic GmbH (Germany), Global Synthetics (Australia), TYPAR Geosynthetics (U.S.), Fibertex Nonwovens A/S (Denmark) and Belton Industries (U.S.) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Thrace Group (Greece), Naue GMBH & CO. KG (Germany), Suntech Geotextile Pvt. Ltd. (India) and SKAPS Industries (U.S.).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Knitted Geotextiles- market by Type , by Application (Road Construction, Drainage, Erosion Control, Soil Stabilization, Environmental Protection and Others) and Region with country level break-up.
On the basis of geography, the market of Knitted Geotextiles- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In June 2021, Solmax, a geosynthetics manufacturer announced the acquisition of TenCate Geosynthetics. This acquisition helps the company to reach global, innovation capabilities, and the specialties of two recognized geosynthetics frontrunners combine to create the leading geosynthetics solutions provider
In May 2023, NAUE GmbH & Co. KG introduced biodegradable nonwoven Secutex Green, a new and innovative biodegradable geotextile from Naue Geosynthetics that has been used in the constructions
Influencing Trend:
Growing Trend toward Using Sustainable and Eco-Friendly Geotextile Materials
Market Growth Drivers:
Increasing Investments in Infrastructure Projects, Such As Roads, Bridges, Railways, and Airports, Drive the Demand for Knitted Geotextiles
Challenges:
Fluctuations in the Prices of Raw Materials Used In Geotextile Production
Restraints:
Geotextiles Including Knitted Geotextiles, Can Be Expensive Upfront Compared To Traditional Construction Materials. This Cost Can Be a Significant Restraint, Particularly For Projects with Budget Constraints
Opportunities:
Growing Consumption of Bio-Based Geotextile and Increasing Infrastructure Projects, Including Roads, Bridges, Railways, Airports, and Ports Provides Opportunity to the Market
Key Target Audience
Geotextiles Manufacturers, Raw Material Suppliers, New Entrants/Investors, End-Use Industries, Market Research & Consulting Firms and Others