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Global geotextile market to rise by 10.59% CAGR in 2019

Source:Ringier Nonwovens Release Date:2015-06-30 509
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Research and Markets has reported that the market for geotextiles is projected to reach $8,632.83 million by 2019, growing with a CAGR of 10.59% between 2014 and 2019.

THE market research firm also reported that Asia Pacific is anticipated to be the fastest growing market for geotextiles in the coming years. The demand for geotextiles is likely to increase in Asia Pacific due to growing infrastructure activities.

The company said Asia-Pacific dominated global geotextiles market in 2013, in terms of value. The global geotextiles market is growing owing to the government policies and environmental norms supporting the commercial usage.

Globally, governments in developed countries are making significant investments to secure long term future and their attitude towards socio-economic benefits is supporting the growth of geotextiles market. In India, the government aims to invest $1 trillion in infrastructure during their Twelfth Five-year plan (2012-2017), added Research and Markets.

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