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. Geotextile tubes also known as geotubes or dewatering tubes are made from permeable textile materials or fabrics for various civil engineering and other geotechnical applications. These tubes are manufactured in the form of large sludge dewatering bags or geo-containers constructed from high strength, permeable geotextile materials such as polypropylene and polyester. Tencate developed Geotubes after the catastrophic flood destroyed the coast of Holland in 1953. It developed technical textile for use in marine structures; this created a new market engineered geotextiles and industrial fabrics in marine & hydraulic and dewatering & containment applications. The name Geotube was trademarked in 1994 by Nicolon B.V in the Netherlands.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187873179
The marine & hydraulic segment of the geotextile tubes market is projected to grow at the higher CAGR during the forecast period
Based on end-use, the marine & hydraulic segment is projected to grow at the higher CAGR between 2019 and 2024. The global marine & hydraulic segment has been showing robust growth in recent years due to the geotextile technology has been improving due to continuous advancements in its engineering principles and fabrication techniques. Each geotube, geobag or geocontainer is designed with well-structured design formulas and different specifications depending on the scientific properties of numerous marine coasts. For instance, sandy beach coasts have higher wave energy than muddy coast beaches. Thus, sandy beaches require high strength geotubes with specific height designs to withstand the wave forces. Additionally, sandy beach coasts also have higher bed shear strength in comparison to the bed shear strength of muddy coasts. Thus, the installation of geotextile tubes on muddy coasts leads to high maintenance costs in the long term due to the structural settlement of heavy weighted structures.
Woven geotextile tubes are projected to grow at the highest CAGR in the global geotextile tubes market
Based on type, woven geotextile tubes are expected to grow at the highest CAGR between 2019 and 2024. 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. With increasing awareness and rise in ocean levels, the growth in consumption of geotextile tubes is expected to increase during the forecast period.
The market in Asia Pacific is projected to lead the global geotextile tubes market during the forecast period
The geotextile tubes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This can be attributed to the long coastline of the region and rising concerns over increasing ocean levels. Furthermore, emerging countries such as China, India, and Mexico are attracting global players in establishing their manufacturing bases in these regions. In countries such as China and India, the increasing investments by the government in the infrastructure activities are expected to provide major boost to this market. The increased investments across various technological, infrastructural, and R&D sectors have enabled manufacturers of geotextile tubes to supply high-quality products to these end-users and capitalize on the increasing demand in the region. After APAC, North America has the highest CAGR during the forecast period. This region is witnessing growth in all the major end-use segments, which is maintaining the high consumption of geotextile tubes.
Some of the leading players in the global geotextile tubes market include 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), among various others.
Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=187873179
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email:Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/geotextile-tube-market-187873179.html
