The emerging economies of India, China, Brazil, South Africa and Russia are the primary growth drivers of the demand for geotextiles in the world. Asia is one of the largest markets for geotextiles across the world with key markets being held in India and China alone. Emerging economies in Asia provide a significant level of opportunities for the geotextiles market in the world. As these economies would grow, infrastructure sector would grow at a rapid pace, opening new doors for the use of geotextiles in various applications. The foremost opportunity provided by these economies would be road construction which would command the highest share of geotextiles application in the region. Moreover, high rate of urbanization and development that would occur in the countries would provide opportunities for domestic production of geotextiles which might curb down its imports, and help by giving a push to the domestic industry.
The Growth of India Geotextiles Market to Surpass China Market in the Coming Years: Ken Research
Asia will continue to experience rapid growth in terms of the demand for geotextiles in the near term, owing to the development policies and plans initiated by governments of various countries in the region. Huge investments in infrastructural development would ensure the increase in demand of geotextiles across the countries in Asia. Similarly, awareness about environment preservation would lead to development of water conservation projects and projects to prevent soil erosion, which would in turn impel the demand of geotextiles, thus aiding market growth in terms of value and volume.
According to the research report, “Asia Geotextiles Industry Outlook to 2018- Rising Investments in Infrastructure Development to Spur Demand”, China and India would continue to propel growth in the region, while countries with market at the nascent stage such as Pakistan, Philippines and Indonesia would emerge and contribute significantly to the Asian market in the coming years.
“It has been estimated that more than 50% of the global market would be captured by Asia in the coming time period and within Asia, China would continue to be the biggest contributor to the market in terms of both- quantity and value”, according to the Research Analyst, Ken Research.
The report provides detailed overview on Asia Geotextiles Market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, geotextiles manufacturers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Key Products Mentioned in the Report
Woven Geotextiles
Non Woven Geotextiles
Knitted Geotextiles
Polypropylene Geotextiles
Polyester Geotextiles
Polyethylene Geotextiles
Coir Geotextiles
Companies Covered in the Report
TechFab India
Maccaferri
Tencate
Terram India (FiberWeb)