The global Silt Curtain Market size is projected to reach USD 10,271.8 Thousand by the end of 2027. Increasing demand for the product owing to widespread applications will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Silt Curtain Market Size, Share & Industry Analysis, By Type (Type I, Type II, and Type III), and By Application (Erosion Control, and Construction), and Regional Forecast, 2020-2027,” the market was worth USD 7,765.7 Thousand in 2019 and will exhibit a CAGR of 3.8% during the forecast period, 2020-2027.
List of Top Companies Profiled in Silt Curtain Market Research Report are:
- Nilex Inc.(Canada)
- ACME Environmental (U.S.)
- ABASCO LLC (U.S.)
- GEOFABRICS AUSTRALASIA PTY LTD (Australia)
- GEI Works, Inc. (U.S.)
- Agastya Buoyant (India)
- Ecocoast (Dubai)
- Elastec American Marine (U.S.)
- Murlac Limited (U.S.)
- Cunningham Covers (Ireland)
- Other Key Players
Silt curtains are primarily used in construction activities that are associated with, on, or near water bodies. They prevent unwanted sediments and substances from entering the waterways, thus minimizing pollution. These products are normally used to prevent damage to aquatic life. The increasing awareness regarding the preservation of aquatic life, spread by leading authorities across the world, will lead to wider adoption of the product. The increasing number of building and construction activities on and near the shores will contribute to the growing demand for the product across the world.
Moreover, the efforts taken to minimize soil erosion will emerge in favor of the companies operating in the market. The massive investment in the development of efficient products will aid the growth of the overall market in the coming years.
Browse Summary of This Research Insights with Detailed TOC: https://www.fortunebusinessinsights.com/silt-curtain-market-102808
Increasing Construction Activities Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. It also discusses the impact on these factors on the growth of the market from a global perspective. The growth of the construction industry is attributable to factors such as technological advances in devices used, ease of availability of resources, and increasing investments. The increasing building and construction activities have led to a wide product adoption and subsequently high demand for silt curtains across the world. Applications of these products across diverse industry verticals have emerged in favor of the companies operating in the market. Moreover, the increasing demand for oil and gas resources, coupled with the rise in offshore as well as onshore drilling activities will have a positive impact on the growth of the market. Despite the massive potential held by the product, the coronavirus outbreak will bring stagnancy in the growth rate in the year 2019. Having said that, the market will witness new growth opportunities in the coming years owing to the efforts taken by large scale companies to compensate for the losses in the outbreak.