July 31, 2023 05:53 ET | Source: Research and Markets Research and Markets
Dublin, July 31, 2023 (GLOBE NEWSWIRE) -- The "North America Geotextiles Market Size, Share & Trends Analysis Report 2023 - 2030" report has been added to ResearchAndMarkets.com's offering. Nonwoven Geotextile Fabric
The North America geotextiles market is projected to expand at a CAGR of 5.4% from 2023 to 2030, reaching a market size of USD 1.6 billion. This growth is primarily driven by the increasing civil engineering, agricultural, and transportation activities in the region.
Geotextiles are widely used in preventing soil erosion and providing reinforcement in various applications such as embankment dams, roads, highways, and reservoirs. The robust growth of the civil engineering industry in North America is expected to further fuel the demand for geotextiles.
Geotextiles offer multiple benefits, including soil stabilization, vegetation growth promotion, and erosion prevention. Ongoing research focusing on the use of geotextiles for soil erosion prevention in unpredictable climatic conditions is expected to drive their demand. The agricultural industry is a significant growth driver for the North America geotextile market due to the positive impact of geotextiles on crop yield and protection against environmental factors such as sun, wind, and snow.
The market is highly competitive, with numerous geotextile manufacturers operating in North America. However, the high demand for geotextiles in various end-use applications, coupled with the growth of end-use industries, provides opportunities for small and medium-scale manufacturers to thrive in the market.
Key Highlights from the North America Geotextiles Market Report:
The "North America Geotextiles Market Size, Share & Trends Analysis Report" provides comprehensive insights into the market's trends, growth prospects, and key players. The report covers detailed analysis of product segments, applications, end-use industries, and regional markets.
For more information about this report visit https://www.researchandmarkets.com/r/1c5cc5
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