Geotextile Tubes Market worth $3.3 billion by 2024

Magazine for Textiles, Clothing, Leather and Technology
According to the new research report “Geotextile Tubes Market by Type (Woven, Nonwoven), End-use (Marine & Hydraulic, Environmental Engineering, Agricultural Engineering, Construction), and Region (Europe, North America, APAC, MEA, South America) – Global Forecast to 2024” The geotextile tubes market is projected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period.
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•    139 market data Tables
•    37 Figures
•    157 Pages and in-depth TOC on “Geotextile Tubes Market – Global Forecast to 2024”

The various suppliers of Geotextile Tubes and related products in the report are as follows:
•Ace Geosynthetics (Taiwan)
•Officine Maccaferri (Italy)
•Low & Bonar (UK)
•Flexituff Ventures International Limited (India)
•TechFab India Industries Ltd (India)
•Geofabrics Australasia Pty Ltd (Australia)
•Koninklijke TenCate (Netherlands)
•NAUE GmbH & Co. KG (Germany)
•Huesker (Germany)
•Fibertex Nonwovens (Denmark)

Research Coverage:
This report defines, segments, and projects the geotextile tubes market based on type, end-use, and region. It strategically profiles key players and comprehensively analyzes the ranking of leading players in the geotextile tubes market. It also tracks and analyzes competitive developments, such as expansions, acquisitions, new product launches, supply contracts, distribution agreement, collaboration, and divestment in the geotextile tubes market.
The geotextile tubes market is projected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The geotextile tubes market comprises various small and large-scale manufacturers and is estimated to be dominated by the Asia Pacific region in terms of volume in 2019.

Geotextile tubes are now widely used applications such as erosion control, soil stabilization, filtration, drainage, separation and reinforcement applications. They are playing a proactive role in hydraulic, coastal, offshore engineering, and river protection works as they are construction-friendly and cheaper alternatives to conventional protection and engineering methods. The problem of coastal erosion has been increasing in recent years in Asia. As Asia has a lot of islands, long coastlines, combined with high population density, the protection of coastline is a major concern. To minimize and prevent the impact of coastal erosion, geotextile tubes are being used rapidly in this region. Geotextile tubes offer a cost-effective and reliable solution to prevent coastal erosion.

Key factors driving the global geotextile tubes market include high demand from the marine & hydraulic and environmental engineering segments. The marine & hydraulic segment is witnessing rapid growth due to increasing concerns of coastal erosion globally. Rapid development in the technology has led to increased adoption of geotextile tubes in the dewatering, and environmental engineering end uses. Increased penetration of soft structures for coastal protection is expected to keep the demand high from the marine & hydraulic end-uses. Geotextile tubes are used widely for dewatering sewage sludge and hazardous waste. Geotextile tubes are used as containment solutions for disposal of contaminated sediments by placing the dredged contaminated sediments into the tubes.

The rising level of ocean and seas due to climate change are facilitating coastal erosions and accelerating existing beach erosion. This acceleration is also impacting cliffs, deltas, coastal swamps, and developed coastlines. Large scale geotextile tubes are used for the dewatering of mine tailings and sludge. Mine tailings refer to the end of the mining process, constituting what is left over after the substances of economic values have been removed. Geotextile tubes provide effective alternative to mechanical processing that enables the capture of precious metals and the efficient management of mine tailings, coal sludge, and other mine waste streams.

Based on type, woven geotextile tubes segment is estimated to account for the largest market share in the global geotextile tubes market in 2019, which is projected to grow at a higher CAGR during the forecast period. Woven geotextile tubes are manufactured by sewing one or more layers of high strength permeable woven geotextile fabric together to form a tube which is later filled with high water content materials by hydraulic pumping. Woven geotextile tube has fine porosity and has superior tensile strength, which allows efficient filtration. Woven geotextile tubes are generally fabricated using polypropylene, polyester, or polyamide material. Woven geotextile tubes are widely used for dewatering applications due to their high-performance efficiency.

Asia Pacific, North America, and Europe are major regional markets for geotextile tubes. The adoption of geotextile tubes is high in coastal countries. This can be attributed to the concerns regarding the rising ocean and sea level and increased coastal erosion. In some developed markets, such as the US, geotextile tubes are also used rapidly for dewatering and desludging applications. Continued developments and construction activities in these regions are further expected to boost the consumption of geotextile tubes in this geography further.

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Source: MarketsandMarkets™