PUBLISHER: The Business Research Company | PRODUCT CODE: 1414248
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414248
“Geocells Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on geocells market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for geocells? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The geocells market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Geocell refers to a rigid geosynthetic material designed to provide controlled confinement. It consists of interconnected cells with a 3D honeycomb pattern made from synthetic strips, bonded through extrusion, adhesion, or similar methods, forming a consistent open network.
The primary types of geocells include high-density polyethylene, polypropylene, polyester, and others. High-density polyethylene (HDPE) stands out as a highly versatile plastic known for its exceptional tensile strength and favorable strength-to-density ratio. These geocells are available in both perforated and non-perforated variations, serving purposes such as load support, slope stabilization, protection for channels, retaining wall reinforcement, and various other applications.
The geocells market research report is one of a series of new reports from The Business Research Company that provides geocells market statistics, including the geocells industry's global market size, regional shares, competitors with a geocells market share, detailed geocells market segments, market trends, and opportunities, and any further data you may need to thrive in the geocells industry. This geocells market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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%. Historical growth in this sector can be attributed to several factors, including substantial infrastructure development, growing environmental concerns prompting specific solutions, government regulations driving adoption, cost-effectiveness as a significant motivator, and an increasing level of awareness about these technologies and their benefits.
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%. Anticipated growth in the forecast period is expected due to several factors, notably the imperative need for climate change adaptation measures, the proliferation of smart city initiatives, rising demands for erosion control solutions, and a significant uptick in construction activities.
The surge in construction projects is anticipated to drive the growth of the geocells market. Geocells, crucial in protecting channels, stabilizing soil, and mitigating floods, play a pivotal role in construction endeavors. For instance, in January 2023, Zippia reported a substantial increase in completed construction projects, with 1.4 million new projects finalized, marking a 12.8% rise compared to January 2022. This upsurge in construction activities is a significant driver fueling the expansion of the geocells market.
The escalation in natural disasters is expected to propel the geocell market's growth. Natural disasters, impactful and unexpected events triggered by natural causes, often result in substantial damage and casualties, necessitating effective disaster response measures. Geocells offer adaptable solutions to geotechnical challenges during disaster recovery efforts. In 2022, ReliefWeb's Emergency Event Database (EM-DAT) documented 387 natural disasters worldwide, leading to the loss of 30,704 lives and affecting 185 million individuals. The economic damages amounted to US$223.8 billion. Consequently, the surge in natural disasters is a key factor driving the geocell market's growth.
Technological advancements emerge as a prominent trend shaping the geocell market. Companies operating in this sector are embracing new technologies to maintain their market positions. For example, in July 2022, Presto Geosystems introduced ATRA wall key technology, offering a quick and efficient method to connect GEOWEB Retaining Wall parts. These wall keys, designed specifically for exposed wall face applications, comprise chemically inert high-density polyethylene, providing a more stable and durable mechanical connection compared to bolts or zip ties.
Leading companies in the geocell market are fostering strategic partnerships to innovate geocell products utilizing jute. These partnerships involve leveraging mutual strengths and resources for mutual benefits. For instance, in March 2023, the National Institute of Technology Karnataka inked a memorandum of understanding (MoU) with the National Jute Board (NJB) under India's Ministry of Textiles. The collaboration aims to standardize technologies for manufacturing jute-based geocell products catering to diverse engineering applications. This initiative addresses the challenges of accessing costly polymer-based geocells in rural and small-town settings by developing an eco-friendly, cost-effective solution utilizing jute. The NJB, functioning as a national board for textiles and related products in India, collaborates on this environmentally friendly ground improvement technique using jute cells.
In April 2021, Solmax, a Canadian firm specializing in geosynthetics, geotextiles, and civil engineering, successfully acquired TenCate Geosynthetics for an undisclosed sum. This strategic move aims to bolster Solmax's global leadership in the industry by expanding the application of its products in hydraulic, civil engineering, and environmental projects. This acquisition stands as a significant milestone in the history of geosynthetic manufacturers, emphasizing the critical role of these specialized engineered goods in infrastructure development and environmental preservation. TenCate Geosynthetics, a US-based company focused on roadway construction, engineered structures, and operating in the geocell market, aligns with Solmax's vision for industry advancement and product diversification.
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
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
The countries covered in the geocells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The geocells market consists of sales of geonets, geomembranes, and prefabricated vertical drains. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.