Geocells Market Poised for Robust CAGR of over 8.8% through 2025
Verfasser: pradnya_86 on Tuesday, 27 June 2017Geocells also known as cellular confinement systems are three dimensional mats resembling honey comb structure usually made of high density polyethylene, polypropylene, polyester or other polymeric alloys. These are used in construction sector primarily for earth reinforcement, slope protection, channel protection, load support and tree root protection. Geocells are subset of geosynthetics market and are estimated to represent around 5.6% share in terms of volume consumption in overall geosynthetics market.
Global geocells market is projected to exhibit CAGR of 8.8% and reach US$ 2.9 billion by 2025 from 2015. Consumption of geocells is projected to reach 428.2 million square meter by 2025 reflecting a CAGR of 5.5% during the forecast period.
Drivers & Trends
Infrastructure development activities, construction sector output and urbanization trend are some of the macro-economic drivers of the market. Developed economies have formulated regulations concerning erosion control and sustainable infrastructure development. Such regulations and initiatives are identified as underlying driving factors of the market. On the flipside, low awareness of geocells amongst infrastructure developers in emerging economies and competition from substitute products such as geogrids and geomembranes are identified as minor restraints in the global geocells market.