Geotextiles Market Key Facts, Dynamics, Segments, And Forecast To 2030
The global geotextiles market is estimated to grow at a CAGR of ~11% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of application, into heavy construction, building and pavement construction, hydrogeology, environmental engineering, and others, out of which, the building and pavement construction segment is estimated to gain a significant share over the forecast period, owing to the growing application of geosynthetics in construction sector. Geotextiles are used under the pavement to reduce degradation caused by the layer of soil underneath, along with increasing the durability of the structure.