Geotextile Tubes Market was expected to be valued at USD 4.1 billion in 2022 and estimated during the outlook period to reach USD 6.3 billion by 2028 at a compound annual growth rate of 12.4%.
The end-use industries contributing to the rising consumption of geotextile tubes are promoting the business globally. Geotextile tubes are extensively employed for dewatering and desludging as it can avoid the leakage of contaminants into the environment. The wet mud collected in tubes generates methane (CH4), and this will be helping to generate electricity. Stringent regulatory framework and environmental concerns are estimated to play a critical role in the foreseen period. Government regulations and policies that govern water treatment for industrial as well as domestic wastewater are participating in positively impacting the water treatment industry. Growing regulatory support for the adoption of geotextile tubes for preventing the land and soil erosion caused due to river water and coastal waves are also promoting this business.
The market is evolving on the back of the growing applications in a range of dewatering applications in the global geotextile tubes market. The dewatering applications find geotextile tubes as a strikingly cost-effective solution means as they give good value, where the benefits and usage are worth it. The sewage treatment plants are increasingly employing these tubes owing to the uptake in dewatering of contaminated sediments, sewerage sludge, and waste in sewage treatment plants. The prominent application of the usage of geotextile tubes is found in dewatering dredged contaminated sediments for water bodies. In many cases, effluent water was re-inducted into the water bodies, as they are acting as a compelling environmental proposition for their adoption.
The growing focus of governments in developing and developed countries on environmental dredging and the absence of difficulty in the installation of geotextile tubes have made them a more desirable containment structure. The different area of the geotextile tube market has been reaping huge potential by erosion control. They have become apparent as the preferred dewatering method for preventing erosion in coastal and wetland structures across the words. Geotextile tubes are made ready in situ by the hydraulic pumping of the local soil into the manufacture sections to enable quick assembly on site geotextile tubes that lead to a powerful continuous and dependable structure that is extremely resistant to water currents. The geotextile tubes market is estimated to grow during the forecast period owing to the rising ocean levels and protection of coastlines coupled with the increasing use for waste treatment in the mining industry. The growth of the geotextile tubes market is highly affected by volatility in the price of raw materials. The augmented need for environment-friendly technologies is likely to showcase growth opportunities for the global geotextile tubes market during the outlook period.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
12.4% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
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) |
Geotextile Tubes Market - By Type:
Woven
Nonwoven
Marine & Hydraulic
Environmental Engineering
Agricultural Engineering
Construction
The marine & hydraulic segment has been showing strong and healthy growth in recent years because of the geotextile technology that has been improving because of the continuous advancements in its engineering principles and fabrication techniques.
North America
Europe
Asia Pacific
Latin America
Middle east and Africa
The geotextile tubes market in the Asia Pacific is estimated to develop with the highest compound annual growth rate by 2024. This can be contributed to the long coastline of the region and rising concerns over increasing ocean levels.
Emerging countries like China, India, and Mexico are attracting global players in establishing their manufacturing bases in these areas. In countries like China and India, the increasing investments by the government in infrastructure activities are expected to provide a major boost to this market. The manufacturers of geotextile tubes are focusing on the supply of high-quality products to the end-users and capitalizing on the increasing demand in the area by increased investments across various technological, infrastructural, and research and development sectors. After the Asia Pacific, North America is likely to accelerate with a notable CAGR in the outlook period.
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)
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