As per Polaris Market Research, global geotextile market is anticipated to grow by 8.8 per cent CAGR to reach $14.03 billion by 2026. The roadways segment will drive growth during the period, says Textile Value Chain. Geotextiles are extensively used in reinforcement of soil banks in bridges, pavements, roads, highway, and other construction sector. Their integral applicable functions include sealing, separation, drainage, filtration, and reinforcement in different substrates. Concerning their multifunctional characteristics, geotextiles are suitable for a range of industries and tend to find application in transportation, maintenance industries agriculture, and construction, among many.

Europe is expected to witness fastest growth in this segment during the forecast period. Some of the significant reasons behind this include increasing expenditure in the construction of roads, railways, airport runways, and pavements in the countries such as Italy, UK, Germany, and France.

These market players consistently undertake R&D for the launch of new innovative products to strengthen their product portfolio in the industry. In addition, the companies focus mainly on foreign investments in research and development to cater the rapidly growing demand. Big market players also focus on their business expansion through inorganic developments which increases the potential concerning expansion of customer base and also geographic expansion.

Some of the prominent industry players include Berry Global, Agru America, Inc., Carthage Mills, DuPont, Strata Systems, Mattex, Propex Operating Company Koninklijke Ten Cate, Kaytech, Tenax and Leggett & Platt.