The geocells market is projected to reach USD 588.9 Million by 2022, at a CAGR of 8.0% from 2017 to 2022. The growth of this market can be attributed to the rising use of geocells in emerging economies. In addition, increased cost savings achieved in road construction and maintenance activities are also anticipated to drive the growth of the geocells market.
Growth Drivers:
High-Cost Savings In Road Construction and Maintenance
Increasing Usage of Geocells In Channel & Slope Protection
Opportunities:
Growing Infrastructural Development Activities In Emerging Economies
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Geocells are used for different applications such as load support, channel & slope protection, retention of walls, and others. The load support segment is the largest application segment of the geocells market. The usage of geocells provides the structure or area with improved road surface quality; increases the safety of roads, reduces the frequency of costly and disruptive road maintenance, eliminates the need for over-excavation and disposal of poor quality soil, and offers high performance of earth moving vehicles and resistance against bad weather conditions such as heavy rains.
Asia Pacific, North America, Europe, and the Middle East, Africa, and South America are key regions considered for market analysis in the report. Currently, North America is the largest market for geocells.
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Key Players:
Key players in the geocells market include Strata Systems (US), PRS Geo-Technologies (UK), Presto Geosystems (US), Koninklijke Ten Cate B.V. (Netherlands), TMP Geosynthetics (China), Terram Geosynthetics-now part of Berry Plastics (UK), and BOSTD Geosynthetics Qingdao (China).