The geocell market size is expected to grow at a CAGR of 8.6% during the forecast period 2022-2027
« Geocell Market | IndustryARC »
Rise in infrastructure projects globally has increased the demand for the geocell market.
the geocell market the size is expected to grow at a CAGR of 8.6% over the forecast period 2022-2027 and reach US$872.3 million by 2027. Geocells, also known as cellular containment system, are polymer honeycomb strips used for erosion control, soil stabilization on flat terrain and steep slopes, channel protection and structural reinforcement for load bearing and soil retention. Geocells are widely used in the infrastructure, oil and gas, power and energy sectors. Typically, geocells are made of high-density polyethylene (HDPE) tapes or polypropylene (PP) tapes, among others. In this report, we will examine the various segments of the Geocell Market and analyze the market landscape, drivers, and challenges over the forecast period 2022-2027.
Impact of COVID-19
During the COVID-19 pandemic, many industries had suffered a drop in demand, and this was no different for the geocell market. Many governments around the world have implemented lockdown regulations and factories and production facilities across many sectors have come to a halt. The supply chain was heavily disrupted as many companies followed lockdown protocols. According to the Asian Infrastructure Investment Bank, as of August 2020, local governments in the United States had either delayed or canceled nearly $10 billion worth of infrastructure projects due to the pandemic and the situation is the same all over the world. Geocells are mainly used in infrastructure, which is why the geocell market has been negatively affected during the pandemic. However, at present, vaccinations are being carried out around the world and the situation is improving as many governments relax lockdown protocols. As such, the geocell market is expected to grow during the forecast period 2022-2027.
Geocell Market Analysis – By Type
HDPE geocells hold the largest share of 43% in the type segmentation of the geocell market in the forecast year 2022-2027. High density polyethylene strips help form strong configurations as they are ultrasonically bonded. They have improved mechanical and geotechnical properties which make them ideal for use in geocells. They are either textured or smooth depending on the application usage. According to Trademap, the total export of polyethylene is valued at US$21.32 billion in 2020. Besides HDPE, Polypropylene (PP) is also widely used in geocells.
For more information on Geocell Market @
Report price: $4500 (single-user license)
Geocell Market Analysis – By End-Use Industry
Infrastructure holds the largest share of 37% in the end-use industry segment of the geocell market during the forecast period 2022-2027. Geocells are mainly used in applications such as ground and soil stabilization, slope and channel protection, load bearing and erosion control. According to the World Bank Group, 4% of GDP in Central Asia and 5% in South Asia is spent on infrastructure, while East Asia and the Pacific accounts for 7.7% of spending of GDP on infrastructure in 2019. The Middle East and North Africa is spending 6.9% of its GDP on infrastructure as of 2019. New infrastructure projects are on the rise and demand for geocells has dramatically increased. increased because of it. Geocells are also used in the mining, oil and gas, agriculture, power and energy sectors.
Geocell Market Analysis – By Geography
Asia-Pacific holds the largest share of 44% in the geographic segment of the geocell market during the forecast period 2022-2027. The demand for better infrastructure has increased dramatically in the Asia-Pacific region, especially in countries like China and India. Many different infrastructure projects such as the Bharatmala project in India and the Chinese government’s Belt & Road initiative are key factors driving the geocell market in Asia Pacific. As mentioned above, according to the World Bank Group, 4% of GDP in Central Asia and 5% in South Asia is spent on infrastructure, while East Asia and the Pacific records 7.7% of GDP spending on infrastructure in 2019. , the demand for geocells has also seen a substantial increase in the Asia-Pacific region.
Geocell Market Drivers
Increase in infrastructure projects worldwide:
Many different infrastructure projects are emerging around the world and are planned for the future. For example, in India, there is the Bharatmala project which aims to build 34,800 kilometers of pan-Indian highway and the Setu Bharatam project which aims to build bridges. In Europe, there is the Rail Baltica project which aims to connect Finland, Estonia, Latvia and Lithuania to Poland via the European standard gauge rail network. In the United States, there is the California High-Speed Rail project which aims to drastically reduce train travel time between San Francisco and Los Angeles. According to the Council on Foreign Relations, China is estimated to invest 5.1% of its GDP in all planned infrastructure projects from 2016 to 2040. This is followed by Indonesia at 4.1% of their GDP and l Australia and India to 3.6% of their GDP on planned infrastructure projects from 2016 to 2040. Due to this, the demand for geocells has increased significantly and will continue to do so as they are used for various aspects of construction of infrastructure such as soil stabilization, erosion control and protection of channels and slopes.
Buy Direct @ https://www.industryarc.com/purchasereport.php?id=504412
Geocell Market Challenges
Availability of substitutes:
Although geocells are highly desirable for infrastructure, there are other substitutes for geocells like geomembranes and geogrids. Like geocells, geogrids are used in the reinforcement of floors, walls, steep slopes and pavement bases. Geomembranes are used as covers and liners in dams, canals and the agricultural industry. As such, it may act as a barrier to the growth of the geocell market.
Geocell Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players of the Geocells market. Leading companies in the Geocells market are:
Koninklijke Ten Cate BV
Armtec Infrastructure Inc.
PRS Mediterranean Ltd.
Tensar International Ltd.
In December 2020, Industrial Plastics announced the launch of two new products to its range of high density polyethylene (HDPE) liners, namely geotextiles and geocells, across Australia.
Key points to remember
Asia-Pacific holds the largest share by region due to increased demand for infrastructure.
HDPE geocells are the most commonly used geocells for various applications such as soil stabilization, erosion control, and slope and channel protection.
Many infrastructure projects are globally planned for the future which is a great driver for the geocell market.
For more Chemicals and Materials Market Reports, please click here
About IndustryARC: IndustryARC mainly focuses on market research on advanced technologies and new applications. Our custom research services are designed to provide insights into the constant flow of the global supply and demand gap in markets. Our strong team of analysts allows us to respond quickly to client research needs, with a variety of options for your business. Any other custom requirements can be discussed with our team, email [email protected] to learn more about our consulting services.
Company Name: IndustryCRA
Contact person: Mr Venkat Reddy
E-mail: Send an email
Call: (+1) 970-236-3677