Home » Business, Manufacturing & Industry, News & Current Affairs, Science » Global Geocells Market is Projected to reach US$ 2.3 billion by 2025 by Future Market Insights
“Geocells Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025”
Future Market Insights (FMI), in its recent report titled, “Geocells Market – Global Industry Assessment and Forecast; 2015–2025”, projected global geocells consumption to exhibit CAGR of 5.5% during 2015 to 2025. Market value of geocells is projected to reach US$ 2.3 billion by 2025 reflecting a CAGR of 8.8% during the forecast period.

Geocells, also known as cellular confinement systems, are three dimensional mats resembling honeycomb 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.

Browse Full Market Research Report at:
http://www.futuremarketinsights.com/reports/details/geocells-market

The report analyses the global geocells market in terms of market value (US$ Mn) and volume (Million Square Meter) by applications, region, and material type and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

Infrastructure development activities, construction sector output and urbanisation 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.

From regional perspective, North America and Asia Pacific represented prominent markets for geocells globally in 2014. In terms of market value, geocells market in developing countries is collectively projected to grow at CAGR of 10.2% while geocells market in developed countries is collectively projected to grow at CAGR of 7.4% during the forecast period. Asia Pacific region is expected to be the largest geocells market in terms of value by 2025, followed by North America, Western Europe, and other regions.

Request Sample:
http://www.futuremarketinsights.com/reports/sample/rep-gb-372

From materials perspective, high density polyethylene (HDPE) is extensively used across the globe for geocells manufacturing followed by polypropylene, polyester and other polymeric alloys. HDPE commanded around 68.6% share by value in 2014 and is projected to remain the largest market segment by 2025 with a share of around 64%. Prices for these materials are anticipated to increase over the forecast period owing to increasing energy costs, crude oil prices and complex manufacturing processes.

From application perspective, earth reinforcement, channel protection and slope protection are the prominent applications of geocells which constituted around 86% of market value in 2014 and are collectively projected to exhibit value CAGR of 8.8% over the forecast period. Other applications including load support and tree root protection are collectively projected to exhibit a value CAGR of 8.4% during the forecast period.

FMI Chemicals & Materials Market Insights:
http://www.futuremarketinsights.com/reports/category/chemicals-materials

Key market participants covered in the report, include Presto Geosystems, Polymer Group Inc., TMP Geosynthetics, Armtec Infrastructure Inc., Strata Systems Inc., PRS Mediterranean Ltd., Maccaferri S.p.A, ACE Geosynthetics, MiakomGroup of Companies, Wall Tag Pte Ltd., Tensar International Ltd., Tencate Geosynthetics, Admir Technologies, Polyfabrics Australia Pty Ltd., Bonar, ABG Geosynthetics, Huifeng Geosynthetics, SABK International, Wrekin Products, Ltd., CeTeau Group.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS.

Media Contact
Company Name: Future Market Insights
Contact Person: Christina Johnson
Email: sales@futuremarketinsights.com
Phone: +1-347-918-3531
Address:616 Corporate Way, Suite 2-9018
City: Valley Cottage
State: New York
Country: United States
Website: http://www.futuremarketinsights.com/

Comments are closed.