Geocells Market will Increase at a CAGR of 8.8% during 2015-2025

Geocells 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.

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Key trends identified in the market include increasing utilization of geocells for water conservation projects, growing demand for polyester and polymeric alloy based geocells, development of nano-fibre based and light weight geocells and other product innovation trends.

Analysis By Application

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.

Growing awareness towards soil erosion protection, sustainable infrastructure development investments in water conservation projects, river embankment projects and strengthening irrigation infrastructure is leading to promising growth prospects in channel and slope protection application segments across the globe.Investments in improvement of road infrastructure and improving sanitation levels especially in developing economies is leading to significant growth in earth reinforcement application across the globe.

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