Geocells Market to offer a healthy CAGR of 8.2%
February 14, 2020
Geocells Market Overview:
Geocells market is likely to witness an impressive CAGR of 8.2% during the forecast period. The growing demand for geocells is mainly due to the increasing construction activities in developing economies and cost cutting in maintenance and construction of roads.
Report Overview:
This report, from Stratview Reserch, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Geocells Market Segment Insights:
High-density polyethylene segment: The growth engine
Based on the raw material type, the market is segmented as high-density polyethylene, polypropylene, and others. The high-density polyethylene segment held the largest share of the market in 2019, and is expected to maintain its dominance during the forecast period. The material is gaining traction in the industry owing to its excellent properties, such as durability, innate flexibility, chemical resistance, shield against bad weather, and UV protection.
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Dominance of: The Perforated Geocells Segment
Based on the design type, the market is segmented as perforated and non-perforated geocells. The perforated geocells segment dominated the market in 2019, and is likely to lead the market during the forecast period. Perforations provide better grip and it becomes easier to handle as the perforations make geocells lighter.
A highly/moderately/fragment consolidated Market
Some of the major geocell manufacturers are Strata Systems, Inc., PRS Geo-Technologies, Presto Geosystems, Koninklijke Ten Cate B.V., TMP Geosynthetics, and Terram Geosynthetics.
Regional Hegemony of North America
North America is estimated to be the largest, whereas Asia-Pacific is estimated to be the fastest-growing geocells market during the forecast period. The presence of a large number of geocell manufacturers with huge production capacity and ability of new product development is the major reason for the dominance of the North American market. Asia-Pacific is having substantial availability of raw material and cheap labor, which is helping companies to achieve low-cost manufacturing and earn better profit. These are the key drivers for Asia-Pacific’s fast growth during the forecast period.
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