Geocells Market to Record an Exponential CAGR by 2016-2025
Verfasser: yogesh on Monday, 11 February 2019Geocells are also known as cellular confinement systems. They are three dimensional mats that resemble a honey comb structure and is made of high density polyethylene, polypropylene, polyester or other polymeric alloys. Geocells are mainly used in the construction sector in the areas related to earth reinforcement, slope protection, channel protection, load support and tree root protection. The primary market of Geocells is the geosynthetics market and they are estimated to represent around 5.6% share in terms of volume consumption in the overall geosynthetics market.
The global geocells market is projected to exhibit a CAGR of 8.8% and reach US$ 2.3 billion by the year 2025. Consumption of geocells is projected to touch 428.2 million square meter by the year 2025, reflecting a CAGR of 5.5% during the forecast period of 2016-2025.
Market dynamics