Marine and Wastewater Management Applications Lead the Demand for Geotextile Tubes to Reach $8 billion by 2030
Friday Sep 27, 2024
A new report from Industry Experts Inc, on "Geotextile Tubes", is unveiled. This market research study reveals that the global market for Geotextile Tubes is estimated at US$4.7 billion in 2024 and is projected to reach in excess of US$8 billion by 2030 at a CAGR of 9.5% between 2024 and 2030.
The demand for Geotextile Tubes over the analysis period are being driven by various factors, the major ones of which include growing awareness regarding the significance of geotextile tubes in preventing coastal soil erosion, greater demand in emerging economies, wider application of geotextile tubes in marine & wastewater treatment applications and government legislation aimed at ecological conservation.
The Marine & Hydraulics sector leads the global market for Geotextile Tubes in terms of size, as well as growth, since protecting coastal areas and rejuvenating beach areas are vital concerns that can be addressed by using these innovative products. Advances in manufacturing technology, such as using recycled and natural fibers along with additives that enhance UV resistance and decrease the risk of fouling will also provide the market for Geotextile Tubes with good momentum.
Geotextile tubes market is analyzed in this report globally, covering the major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.
Worldwide market for geotextile tubes studied in this report with respect to Type – Nonwoven Geotextile Tubes and Woven Geotextile Tubes; and End-Use Industry – Agricultural Engineering, Aquaculture, Construction, Environmental Engineering, Marine & Hydraulics, Pulp & Paper Mills and Water & Wastewater Treatment.
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