Global Geocells Market is Projected to Reach US$ 2.3 Billion by 2025: Future Market Insights
April 29, 2015 | By Business Wire News
VALLEY COTTAGE, N.Y.
Future Market Insights (FMI), in its recent report titled, “Geocells Market – Global Industry Assessment and Forecast; 2015–2025”, projected global geocells consumption to exhibit CAGR of 5.5% during 2015 to 2025. Market value of geocells is projected to reach US$ 2.3 billion by 2025 reflecting a CAGR of 8.8% during the forecast period.
Browse Full Geocells Market Report with TOC and Product Synopsis: http://www.futuremarketinsights.com/reports/details/geocells-market
Growing concerns towards soil erosion control, sustainable infrastructure development and improving standards of construction are leading to increasing consumption of geocells across the globe. In terms of consumption collectively developing economies are projected to exhibit a CAGR of 6.8% while developed economies are collectively anticipated to exhibit a CAGR of 4% during the forecast period. As of 2014, North America and Asia Pacific were the two prominent geocells markets across the world. Middle East & Africa despite representing a miniscule share in geocells consumption, it is projected to exhibit a fastest CAGR of 8.1% during the forecast period.
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HDPE is the preferred material for manufacturing geocells followed by polypropylene, polyester and other polymeric alloys. HDPE geocells are projected to be the largest market segment by the end of forecast period.
Earth reinforcement, channel protection and slope protection are the prominent applications of geocells constituted around 86% of market value in 2014 and are collectively projected to exhibit value CAGR of 8.8% over the forecast period.
Browse Full Press Release of Geocells Market: http://www.futuremarketinsights.com/pressreleases/details/geocells-market
Key market participants covered in the report include Presto Geosystems, Polymer Group Inc., TMP Geosynthetics, Armtec Infrastructure Inc., Strata Systems Inc., PRS Mediterranean Ltd., Maccaferri S.p.A, ACE Geosynthetics, MiakomGroup of Companies, Wall Tag Pte Ltd., And other players.
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