Press Release
Press Release
Geotextile tubes find robust applications in the marine industry owing to its anti-corrosive properties. Coastal corrosion is accentuated owing to the contact between salt water and oxygen, which is further accentuated by human activities, such as sand dredging and harbour construction. Due to the increasingly frequent and intense cyclones, the long-term effectiveness of geotextile tubes in mitigating coastal erosion and saline water ingress is propelling the growth of the market. Furthermore, owing to the favourable properties like resistivity to UV rays, biological degradation, and chemicals, these tubes find robust applications near the coastline areas. Moreover, the wet mud collected in tubes generates methane, which is then used to generate electricity. This is another factor contributing to the growth of the market.
Koninklijke Ten Cate bv., a leading player in the global market for geotextile tubes, recently developed an innovative solution in July 2022 for dewatering that does not damage the fabric structure, increases safety, and offers many economic and ecological benefits. The dewatering tube is made from a relatively thin geotextile capable of holding tons of wet material in a reliable manner. Due to the innovative structure of the EyePort fill opening, the fabric structure remains intact, and the tube holds its full resistance. In addition to this, the structure is cost-effective, easy to maintain, and has sustainable properties. These factors are collectively contributing to the growth of the overall market. The growth in the market can be further determined with expansion strategies employed by companies in the end-use industry like Archer-Daniels-Midland Company (NYSE: ADM), which are generating enhanced demand for the product.
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The major players in the global geotextile tubes market are TechFab India Industries Ltd, ACE Geosynthetics, Aker Biomarine Antarctic As, Koninklijke Ten Cate bv., and Tensar International Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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