Geocells Market: APAC to Represent the Largest Market Through 2025

(Newswire.net — June 29, 2017) New York City, New York — There is an increasing need for protecting tree root, slope protection, earth reinforcement, load support and channel protection. Developed countries have imposed stringent regulations regarding sustainable development of infrastructure and erosion control. Due to such factors, the global geocells market will witness significant growth in the upcoming years. Persistence Market Research has recently compiled a report, which reveals that the global geocells market will reflect a market growth of 8.8% CAGR over the forecast period, 2016-2025.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12952

Factors Fuelling Growth of the Global Market

Macro-economic factors such as dynamic construction sector, growing urbanization and growing infrastructure development will contribute towards growth of the global geocells market significantly. Government in developing countries has imposed stringent regulations regarding sustainable development of infrastructure and controlling erosion.

Increasing demand for polymeric and polyester alloy based on geocells, growing application of geocells for projects related to water conservation, light weight and nano-fibre based geocells are some of the key trends followed in the global market.

On the other hand, limited awareness regarding geocells among developers in the infrastructure sector in developing countries will restrain growth of the global geocells market. Moreover, growing competition from substitute products will further inhibit growth of the global geocells market during the predicted years.

HDPE to Represent Largest Market

High density polyethylene (HDPE) will witness relatively more demand for manufacturing geocells among other materials. HDPE accounted for a revenue share of 68.6% in 2014, and will remain the largest segment during the predicted years. This segment is likely to account for 64% revenue share by the end of 2025. Surge in prices of crude oil, complicated process of manufacturing, and rise in prices of energy will rev up the prices of materials used for manufacturing process during the predicted years. The prolypropylene segment will register a growth of 9.6% CAGR throughout 2025. In terms of revenue, the prolypropylene segment accounted for US$ 192.3 million in 2016, and is likely to reach US$ 444.6 million during the predicted years. This segment accounted for a market share of 17.9%, and is likely to account for a market share of 19.2% through 2025. Slope protection, earth reinforcement and channel protection accounted for market value of 86% in 2014, and will collectively register 8.4% CAGR by the end of 2025.

APAC to Remain a Leading Market

Asia Pacific and North America represented prominent regions for the geocells market in 2014. The geocells market in developing countries will collectively register growth of 10.2% CAGR through 2025. The market for geocells in developed countries collectively registered growth of 7.4% CAGR during the projected years. By 2025, the geocells market in Asia Pacific will represent the largest market, followed by Western Europe and North America among other regions.

View Report Table of Contents, Figures, and Tables @ http://www.persistencemarketresearch.com/market-research/geocells-market/toc

Market Players

Leading market players operating in the global geocell market include Polymer Group Inc., Presto Geosystems, Armtec Infrastructure Inc., TMP Geosynthetics, PRS Mediterranean Ltd., Strata Systems Inc., ACE Geosynthetics, Maccaferri S.p.A, Wall Tag Pte Ltd., MiakomGroup of Companies, Tencate Geosynthetics, Tensar International Ltd., Polyfabrics Australia Pty Ltd., Admir Technologies, ABG Geosynthetics, Bonar, SABK International, Huifeng Geosynthetics, CeTeau Group, and Wrekin Products, Ltd.