Geotextile Tubes Market worth $3.3 billion by 2024 | Key Players include Ace Geosynthetics, Officine Maccaferri, Low & Bonar, Flexituff Ventures International Limited, TechFab India Industries Ltd, Geofabrics Australasia Pty Ltd, Koninklijke TenCate, NAUE

According to recent market research "Geotextile Tubes Market by Type (Woven, Nonwoven), End-use (Marine & Hydraulic, Environmental Engineering, Agricultural Engineering, Construction), and Region (Europe, North America, APAC, MEA, South America) - Global Forecast to 2024", The geotextile tubes market is projected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period

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The geotextile tubes market is projected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The geotextile tubes market comprises various small and large-scale manufacturers and is estimated to be dominated by the Asia Pacific region in terms of volume in 2019.

Geotextile tubes are now widely used applications such as erosion control, soil stabilization, filtration, drainage, separation and reinforcement applications. They are playing a proactive role in hydraulic, coastal, offshore engineering, and river protection works as they are construction-friendly and cheaper alternatives to conventional protection and engineering methods. The problem of coastal erosion has been increasing in recent years in Asia. As Asia has a lot of islands, long coastlines, combined with high population density, the protection of coastline is a major concern. To minimize and prevent the impact of coastal erosion, geotextile tubes are being used rapidly in this region. Geotextile tubes offer a cost-effective and reliable solution to prevent coastal erosion.

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The geotextile tubes market is projected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Geotextile tubes also known as geotubes or dewatering tubes are made from permeable textile materials or fabrics for various civil engineering and other geotechnical applications. These tubes are manufactured in the form of large sludge dewatering bags or geo-containers constructed from high strength, permeable geotextile materials such as polypropylene and polyester. Tencate developed Geotubes after the catastrophic flood destroyed the coast of Holland in 1953. It developed technical textile for use in marine structures; this created a new market engineered geotextiles and industrial fabrics in marine & hydraulic and dewatering & containment applications. The name Geotube was trademarked in 1994 by Nicolon B.V in the Netherlands.

Key players such as 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), and Fibertex Nonwovens (Denmark) have adopted acquisitions, expansions, supply contracts, collaboration, distribution agreement, new product launches, and divestments as their strategies.

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In October 2018, TenCate Geosynthetics Americas started its new production line of non-woven geotextiles at its Jefferson, Georgia facility. The facility has advanced fiber distribution capabilities and the largest cross lapper to produce both polypropylene and polyester geotextiles. With this expansion, the company catered to the increasing demand for high-quality non-woven geotextiles.

In February 2018, FiberTex Nonwoven acquired DUCI; a Brazilian owned non-wovens manufacturer to serve the growing demand for non-wovens in the South American market. This acquisition helped FiberTex Nonwoven expand its production capacity to serve a larger customer base and increase its global presence in the geosynthetics market.

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