Global Geocells Market: An Overview
The global geocells market is home to cellular confinement systems. These systems are three dimensional mat-alike which provide a honey comb structure with the help of a high-density polyethylene. Additional materials used in the system include polypropylene and other polymeric alloys. These are widely used in the construction sector for slope protection, earth reinforcement, load support, and tree root protection. The growing demand for earth reinforcement, especially in urban region is likely to drive significant growth for the geocells market in the near future.
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Global Geocells Market: Notable Developments
A research team at University of Texas at Arlington is using recycled materials and geocells to improve Texas highways. The objective of the study was to minimise costs each year spend on highway repairs, which run into millions. Geocells used in conjuction with recycled asphalt pavement can be used to widen the current highway system as well as repair the existing ones yearly in a cost-effective manner. The benefits of Geocells are apparent to many researchers and have been to industry experts for a while. The growing interest in the development of geocells systems in the near future are likely to drive growth of the global geocells market in the near future.
The HDPE material segment in the geocells market is expected to remain dominant in the near future. The segmented contributed to nearly 68% of the total growth in 2016. Additionally, it drove the geocells market to a significant growth rate of 8.1% during in 2016. The rising demand for geocells in construction applications, the growing demand for HDPE materials, thanks to their myriad of benefits are likely to drive growth of the global geocells market.
Global Geocells Market: Drivers and Restraints
Global geocells market is expected to register robust growth in the near future. The construction sector is booming in demand as India, China, and the US have announced major infrastructure initiatives around the world. It is estimated that the construction sector would double by 2030 to 30 trillion. Additionally, rising collaboration internationally to build ports, airports, highways, and other international infrastructure is expected to drive major growth of the sector. The rising demand for construction, the worsening environmental condition driving growth of services like earth stabilization, and essential benefits of geocells in the construction process are expected to remain key drivers in the near future. Additionally, among various material segments in the market, the polypropylene material segment is likely to become a top-perfoming material in the global geocells market. the segment is expected to witness a robust CAGR of 9.1% and reach a valuation of nearly $200 million in the near future.
Global Geocells Market: Geographical Analysis
Thanks to the rapid urbanization, and development in the construction sector, Asia pacific is expected to emerge as the most significant region in the near future. The region is also witness rising awareness of soil erosion, river embankment projects, and sustainable infrastructure development investments. Additionally, the investment in road infrastructure, and improving sanitation levels are expected to be key areas for growth for players in the global geocells market.
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Additionally, North America is also expected to invest heavily in infrastructure developments in the near future. Rising awareness about aging infrastructure, increased demand for modernising infrastructure, and growing demand in the construction sector are expected to remain major drivers for growth in the global geocells market. Additionally, the region is also home to adoption of sustainable measures on a large scale. Growing innovation in this area, and rising funding for the same are expected to drive new opportunities in the region.
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