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Global Geotextile Tubes Market to Grow at a CAGR of 9.74% During 2022-2027, Driven by the Robust Applicability of Geotextile Tubes in the Marine Sector

According to a new report by EMR titled, ‘Global Geotextile Tubes Market Report and Forecast 2022-2027’, the market attained a value of about USD 4.1 billion in 2021. The industry is further expected to grow at a CAGR of 9.74% in the forecast period of 2022-2027 to reach a value of nearly USD 7.1 billion by 2027.

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.

Market Analysis by Material, End-User Industry, and Region:

  • On the basis of material, the market can be divided into woven geotextile tubes and non-woven geotextile tubes.
  • Based on end-user industry, the market can be segmented into wastewater treatment, agriculture, aquaculture, pulp and paper mills, construction, and marine, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the utility of geotextile tubes in dewatering and desludging activities in order to remove toxins from wastewater released from manufacturing industries.
  • The low-cost manufacturing, installation, and maintenance costs associated with geotextile tubes is a key factor augmenting the growth of the market.
  • Stringent regulations imposed by governments of various countries in the wake of rising climate concerns and marine degradation is augmenting the market growth.
  • Geotextiles are rapidly used in road construction activities owing to favourable properties like self-repairing qualities, durability, and cost-effectiveness, which is propelling the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global geotextile tubes industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for materials, end-user industries, and major regions of geotextile tubes.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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