Geotextile Tubes - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Geotextile Tubes market is accounted for $1.91 billion in 2018 and is expected to reach $5.09 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors such as improvement of beaches for tourism and handling of contaminated mud are driving the market growth. However, unpredictability in the cost of raw materials is likely to hamper the growth of the market.
Geotextile tubes are enormous tube-like structures that are made with high-strength geotextile through soil-in-fills. Geotextile tubes are organized in situ by the hydraulic pump of the narrow soil into the prefabricated geotextile tubes that leads to monumental, continuous and a flexible structure which is extremely resistant to water currents. The geotextile tubes are ideal for dewatering or sludge elimination projects.
By type, woven segment has a growing prominence in the forecast period. The woven geotextile tubes are manufactured by stitching one or more layers of high power porous woven geotextile materials collectively to shape a tube which is later full with high water contented resources by hydraulic pump. Woven geotextile tube has very well porosity and has better tensile strength, which allows well-organized filtration.
On the basis of geography, Asia Pacific region is estimated to have a huge demand in the forecast period. This region is dwelling to a number of the important customers of geotextile tubes internationally, such as Japan, China, and India. Growing construction actions and increasing responsiveness on the subject of coastal erosion are a few of the major factors recognized to the expansion of the marketplace in the region.
Some of the key players in Geotextile Tubes Market include Ace Geosynthetics, Fibertex Nonwovens, Flexituff Ventures International Ltd., Geobera, Geofabrics Australasia Pty Ltd, Global Synthetics Pty Ltd, Huesker, Industrial Fabrics, Inc, Koninklijke Tencate, Low & Bonar (Enka Solutions), Naue GmbH & Co. Kg, Officine Maccaferri, Techfab India Industries Ltd, Tensar International and Zebratube.
End Users Covered:
• Marine & Hydraulic
• Agricultural Engineering
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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