[160 Pages Report] The Geotextile Tubes Market is projected to grow from USD 1.8 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Consumption of geotextile tubes is rising globally and can be attributed to the rising consumption in the end-use industries. Geotextile tubes are used for dewatering and desludging applications as it helps to prevent or minimize the leakage of contaminants to the environment during the processing, transit, and final disposal of contaminants.
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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.
The geotextile tubes market in Asia Pacific 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.
Key Market Players
Major companies in the 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), and Fibertex Nonwovens (Denmark) are some of the leading players operating in the geotextile tubes market.
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