Geotextiles Market Forecast, Size and Gross Margin Analysis by 2030
Geotextiles Industry Overview The global geotextiles market size was estimated at USD 6.72 billion in 2021 and is expected to register a CAGR of 6.5% in the forecast period . Increased usage of geotextiles in a wide range of construction applications including roads, landfills, drainage structures, and harbors to enhance soil stabilization is anticipated to drive market growth over the forecast period. The extended lifespan and cost-effectiveness of geotextiles, coupled with growing environmental concerns regarding soil erosion, are projected to drive the demand for geotextiles. Promotional policies and initiatives by regulatory bodies have helped increase awareness regarding the benefits of geotextiles, thereby positively impacting the market growth. Gather more insights about the market drivers, restrains and growth of the Global Geotextiles Market The increase in the usage of geotextiles in a wide range of construction applications in the U.S. such as drainage str...