Increasing applications of geotextile tubes in coastal protection and coastal engineering works is a key factor driving market growth
The globalGeotextile Tubes Marketsize is expected to reach USD 4.96 Billion in 2028 and register a revenue CAGR of 9.7% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by increasing applications of geotextile tubes in coastal protection and engineering works. Rising rate of coastal erosions due to sea level rise, climate changes, storm surges, and human activities such as harbor construction, sand dredging, and natural calamities are driving demand for geotextile tubes. Limited availability of natural resources such as rock in certain regions resulted in growing popularity of geotextile tubes as the traditional forms of rivers and coastal structures have become very expensive to build and maintain. Shifting preference from traditional rubber and concrete systems towards cost-effective materials for coastal structures is expected to boost revenue growth of the global market during the forecast period. Geotextile tubes are widely applied due to features offered such as easy installation and cost effectiveness, and also for minimization of environmental effects.
Sustainable soft solutions in terms of materials are more preferred for design of coastal protection in place of hard solution. Adverse effects for utilizing hard solutions for coastal protection is resulting in increasing demand for sand-filled geotextile tubes due to characteristics of the product simplicity and lesser impact on the coastal environment.
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Top Companies Profiled in the Report:Koninklijke Tencate, Naue GmbH Co. Kg, HUESKER, Fibertex Nonwovens, Geofabrics Australasia Pty Ltd, ACE Geosynthetics, Officine Maccaferri SpA, Freudenberg group, Flexituff Ventures International Ltd., and Tensar International.
Further Key Finding from the Report Suggestion:
In May 2020, Freudenberg announced the acquisition of Low Bonar PLC, a global manufacturer of technical textiles, which is based in London, United Kingdom. Low Bonar PLC is expected to be integrated in the Freudenberg Performance Materials Business Group. Performance materials business of Freudenberg is expected to be strengthened with the acquisition of Low Bonar PLC. Acquisition would help in strengthening position of the company in the global geotextile tube market.
Woven segment is expected to account for largest revenue share in the global geotextile tubes market over the forecast period owing to its superior tensile strength and flexibility. Fine porous structure of woven geotextile tube is boosting their demand to prevent coastal erosion because fine pores allow water to flow through them while retaining the filling materials.
Marine and hydraulic segment is expected to account for a considerably large revenue share in the global geotextile tubes market owing to rising need to prevent coastal erosion, assist mangrove rehabilitation, and encourage beach nourishment. Limited resources of natural rocks in certain regions is resulting in increasing application of geotextile tubes in coastal protection in place of conventional coastal structures.
The geotextile tubes market in Asia Pacific is expected to account for largest revenue share over the forecast period. Rising rate of coastal erosion in all the maritime states and union territories of countries like India due to human interventions and natural causes is expected to boost the demand for geotextile tube to prevent coastal erosion and encourage beach restoration.
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Type Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
- Woven
- Nonwoven
End-use Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
- Environmental Engineering
- Marine Hydraulic
- Construction
- Agricultural Engineering
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Geotextile Tubes market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Geotextile Tubes market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Geotextile Tubes market key players
3.2 Global Geotextile Tubes size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Geotextile Tubes market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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