Global Asphalt Overlay Fabric Market held XX% of global market shares in 2020 and is expected to reach US$ XX Bn with a CAGR of XX% during forecast period.
The global demand for asphalt overlay fabric is growing by increasing development in the infrastructure, roads, airport runways, and highways. Increased demand in the global market is expected to drive market growth during the forecast period, 2020-2027.
Asphalt overlay fabric is one of the types of geotextile. The asphalt overlay is manufactured from various types of materials like polyester fabric, polypropylene fabric, and fiberglass fabric. Asphalt mixed overlay is used to improve performance. The properties of asphalt overlay fabric are, waterproofing, moisture sealing, stress relief, withstand to extreme environmental conditions and improve bonging. The overlay fabric is easy to install and requires low maintenance so used in various applications. The additional properties that asphalt overlay fabric provide are better puncture resistance, high strength, and flexibility at low temperatures.
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Global Asphalt Overlay Fabric Market Dynamics
The rate of growing urbanization and rise in highways are driving the demand for asphalt overlay fabric. The investment in infrastructure is growing and also governments of every economy are focusing on connectivity of roads all over the country. The infrastructure is changing as per the changing new trends in the living style. These factors increase the demand for asphalt overlay fabric by acting as a driving factor. The original pavement is reproducing the reflective cracking over asphalt overlay fabric. This failure of asphalt overlay fabric is expected to act as a restraining factor for the growth of the global market during the forecast period.
The state and central governments in all economies are launching the schemes regarding last village connectivity by constructing the roads which are expected to create more opportunities for the global asphalt overlay fabric market.
Global Asphalt Overlay Fabric Market Regional Insights
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The report helps in understanding Global asphalt overlay fabric Market dynamics, structure, by analyzing the market segments and projects the Global asphalt overlay fabric Market size. The clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global asphalt overlay fabric, the market makes the report investor’s guide.
Global Asphalt Overlay Fabric market Key Players
The report has profiled more than ten key players in the market from different regions. However, the report has considered all market leaders, followers, and entrants with investors while analyzing the market and estimating market size. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed. Major country’s policies about asphalt overlay fabric industries and their impact on demand are covered in the report.
• Owens Corning
• Tencate
• Propex Operating Company
• Fibertex Nonwovwns A/S
• Saint-Gobain
• Polyguard
• Feicheng Lianyi Engineering Plastics
• PS Construction Fabrics
• ACF Environmental
• Propex
• Carthage Mills
Global Asphalt Overlay Fabric Market, By Material Type
• Polyester Fabric
• Polypropylene Fabric
• Fiberglass Fabric
• Others
Polyester segment is expected to grow with CAGR of XX% during forecast period to reach US$ XX Bn.
The polyester is manufactured using Dimethyl terephthalate (DMT) and Mono Ethylene Glycol. The new process uses terephthalic acid (PTA) in the place of DMT. Comparing to polypropylene the PES is available in higher tenacity grades. PES will easily meet the requirements with higher stipulated strength. These characteristics help for the growth of the segment in the global market.
Global Asphalt Overlay Fabric Market, By Application
• Highways
• Airport Runways & Taxiways
• City Streets
• Others ( Bridge Decks, Parking Decks, Tennis & Basketball Courts)
Highways segment is expected to reach US$ XX Bn by CAGR of XX% during forecast period.
The asphalt overlay fabric is used in the maintenance of highways and other roadways. The use of asphalt overlay fabric for highways helps in the improvement of stability to extreme weather conditions during summer, winter, and rainy seasons. This stability of roads and government investment for roads and highways are the driving factors for the growth of the highway segment in the global market.
Global Asphalt Overlay Fabric Market, By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o ASEAN
o Rest of Asia pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa
North America held XX% of global market shares in 2020 and is expected to reach US$ XX Bn with a CAGR XX% during forecast period.
The North America possesses vast road and highway infrastructure which requires large maintenance. The rate of growing infrastructure and urbanization is more in North America drives the growth of the global asphalt overlay fabric market in the region. Also, new trends in the living lifestyle act driving factor in the forecast period.
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