Overview and Scope
Geocell refers to a rigid geosynthetic material that has a desired restricting effect and is made up of precisely blended cells with 3D honeycomb patterns made of synthetic strips connected by extrusion, adhesion, or other means in a regular open network.
Sizing and Forecast
The geocells market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to infrastructure development, environmental concerns, government regulations, cost-effectiveness, increasing awareness.
The geocells market size is expected to see strong growth in the next few years. It will grow to $2.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to climate change adaptation, smart cities initiatives, erosion control demands, increasing construction activities. Major trends in the forecast period include technological innovations, technological advancements, integration of geosynthetics in construction practices, technological innovations and digitization, advancements in material technology.
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Segmentation & Regional Insights
The geocells market covered in this report is segmented –
1) By Type: High-Density Polyethylene, Polypropylene, Polyester, Other Types
2) By Design Type: Perforated, Non Perforated
3) By Application: Load Support, Slope And Channel Protection, Retention Of Walls, Other Applications
Asia-Pacific was the largest region in the geocells market in 2023. The regions covered in the geocells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing construction projects is expected to propel the growth of the geocells market going forward. Construction projects refer to the systematic process of constructing, repairing, refurbishing, retrofitting, or adapting a building, or other built asset such as a tunnel or bridge. In construction projects, geocells are projected to be important to protect channels, maintain soil, and decrease floods. For instance, in March 2023, according to Zippia, a US-based technology, information, and internet company, in January 2023, 1.4 million new construction projects were completed, which is a 12.8% increase, compared to January 2022. Therefore, the growing construction projects is driving the growth of the geocells market.
Key Industry Players
Major companies operating in the geocells market report are Presto Geosystems, Strata Systems, Armtec Infrastructure, Maccaferri SPA, Polymer Group Ltd, TMP Geosynthetics, Wall Tag Pte Ltd., Tensar International, PRS Geo- Technologies, Terram Geosynthetics, TenCate Geosynthetics, Miakom Group, ACE Geosynthetics, Officine Maccaferri, Polyfabrics Australasia Pty Ltd., HUESKER Synthetic GmbH, Atarfil, ABG Geosynthetics, Asahi Kasei, CeTeau Group, Titan Environmental Containment, Carthage Mills, Wrekin Products Ltd., Hindustan National Glass & Industries Ltd., TechFab India Industries Ltd., BOSTD Geosynthetics Qingdao Ltd., AllianceGeo Inc., GPT Industries
The geocells market report table of contents includes:
1. Executive Summary
2. Geocells Market Characteristics
3. Geocells Market Trends And Strategies
4. Geocells Market – Macro Economic Scenario
5. Global Geocells Market Size and Growth
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31. Global Geocells Market Competitive Benchmarking
32. Global Geocells Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Geocells Market
34. Geocells Market Future Outlook and Potential Analysis
35. Appendix
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