World News: 14:38 GMT Tuesday 3rd December 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The geotextile tubes market is projected to grow from USD 1.8 billion in 2019 to USD 3.3 billion by 2024, at a CAGR of 10% during the forecast period.Major companies in the geotextile tubes market include 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), among various others.
Geotextile tubes and bags have been installed along the coastlines of Bay of Bengal, along with the coastal areas of Malad, Mumbai, along the sea wall of Uppada, Andhra Pradesh and in other coastal areas all over India. The government of India has instantiated the latest project as of June 2019. The government has permitted to install geotextile tubes technology to prevent the sea attacks along the coast of Ponani, Kerala. The geotextile tubes will be installed from the coast of Puthuponnani to Ponnani.Based on type, the woven segment is expected to grow at the higher CAGR between 2019 and 2024. Woven geotextile tubes are used widely for dewatering applications due to their high-performance efficiency. Woven geotextile tubes are manufactured by sewing one or more layers of high strength permeable woven geotextile fabric together to form a tube which is later filled with high water content materials by hydraulic pumping. Woven geotextile tube has fine porosity and superior tensile strength, which allows efficient filtration.The geotextile tubes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The geotextile tubes market in the Asia Pacific (APAC) region is growing rapidly. This region is home to some of the leading consumers of geotextile tubes globally, such as China, Japan, South Korea, and India. Increasing construction activities and rising awareness regarding coastal erosion are some of the major factors attributed to the growth of the market in the region. Countries, such as China, Japan, South Korea, India, Singapore, and Australia are majorly driving growth in the Asia Pacific region and provide considerable scope for the further development of the geotextile tubes market.
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Globe Newswire: 14:38 GMT Tuesday 3rd December 2019
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