North America Asphalt Paving Geotextile Market Size, Share & Trends Analysis Report By Application (Paved Surface Rehabilitation, Reflective Crack Treatment for Pavements, Separation & Reinforcement), By Country, And Segment Forecasts, 2023 - 2030

North America Asphalt Paving Geotextile Market Size, Share & Trends Analysis Report By Application (Paved Surface Rehabilitation, Reflective Crack Treatment for Pavements, Separation & Reinforcement), By Country, And Segment Forecasts, 2023 - 2030

North America Asphalt Paving Geotextile Market Growth & Trends

The North America asphalt paving geotextile market size is expected to reach USD 562.4 million by 2030, registering a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research, Inc. This is attributed to the increasing infrastructural development activities in economies across North America.

Asphalt paving geotextiles are mainly utilized in road construction projects as these strengthen the soil by increasing the tensile strength of the pavement. Additionally, these geotextiles can be applied to roadbeds as a quick dewatering layer. The growing number of road maintenance and repair operations, along with various favorable government initiatives to enhance road connectivity and carry out infrastructure development projects in the U.S., is expected to fuel the growth of the asphalt paving geotextile market in North America.

Asphalt paving geotextile possesses high tensile strength, permeability, abrasion resistance, and porosity, which prevent water percolation and crack development in roads. This results in an increased demand for geotextiles to be used as a physical barrier between aggregate and poor subgrade soil to ensure reduced costs of road construction and repair.

As the monsoon results in frequent heavy rains, it starts deteriorating the roadways by forming potholes in the road which is expected to boost the demand for asphalt paving geotextile in repairing damaged roads. In addition, the high temperature experienced by Mexico also continues to damage the roads in the country. These climatic changes in the form of floods and landslides impact infrastructures in Mexico, thereby contributing to the requirement of using asphalt paving geotextile in the country for the construction of roads and other infrastructures. These geotextiles are also used for the maintenance and repair of various infrastructures in Mexico.

Asphalt pavements are stressed by increased traffic frequency, passenger load, and surface temperature variations. These forces induce the development and propagation of cracks in asphalt pavements. The cracks further lead to precipitation and enable penetration of oxygen into the underlying structure, thereby deteriorating bitumen binders and asphalt. Hence, the demand for asphalt paving geotextile is expected to rise over the forecast period with the increased need for road maintenance and repair operations.

Moreover, the COVID-19 pandemic resulted in a shortage of funding and a decline in the demand for asphalt paving geotextiles in North America. As there had been a considerable lack of road maintenance and repair projects in the country in the past few years, it is expected to result in surged maintenance requirements for roads and highways in the country in the coming years. This, in turn, is anticipated to result in increasing demand for asphalt paving geotextile in the region, over the forecast period.

North America Asphalt Paving Geotextile Market Report Highlights

• The separation & reinforcement application segment accounted for the largest revenue share of 45.5% in 2022 and is expected to register a CAGR of 6.8% over the forecast period. This growth is attributed to the growing government spending on road building & development and road restoration activities in North America
• The U.S. asphalt paving geotextile market accounted for the largest revenue share of 76.3% in 2022. This is due to the growing instances of soil erosion from rainfall and drainage issues on roads
• Canada is anticipated to grow at the highest CAGR of 7.5% from 2023 to 2030. This is owing to the infrastructure development programs such as the Investing in Canada Infrastructure Program and the Community Infrastructure Improvement Fund (CIIF) planned to be carried out in the country
• The ongoing infrastructure development projects being sponsored by the Government of Mexico for the construction of roads, highways, and bridges are also anticipated to fuel the demand for asphalt paving geotextile in the country owing to their improved qualities and cost-effectiveness
• The U.S. is expected to remain a major consumer in the industry due to rising repair and maintenance plans for roads, highways, drainages, and bridges in the coming years

Please note The report will be delivered in 3-8 business days upon order notification.