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In its latest report, FMI offers an unbiased analysis of the global geocells market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application (slope protection, earth reinforcement, load support, tree root protection and channel protection) and material type (HDPE, PP, polyester and other polymeric alloys) across seven major regions.

Notwithstanding the setback in 2020, global infrastructure investment is expected to reach US$ 94 trillion by 2040, representing a 19% increase as compared to current growth projects, according to Oxford Economics. With annual investment rates amounting to US$ 3.7 trillion, proportion of GDP allocation to infrastructure development will have to increase to 3.5%. This trend is already being realized as emerging economies such as China and India are likely to augment their infrastructure spending.

“Exponentially rising global population is prompting enhanced public and private infrastructure investments, with concepts such as greenroofs becoming highly mainstream, thus generating heightened geocells demand during the construction process,” comments the FMI analyst.

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Recessionary pressures induced by a general slowdown in the construction industry through 2019 and tumbling into a freefall during 2020 owing to the coronavirus pandemic have substantially weighed down growth prospects for the global geocells market, according to ESOMAR-certified market research firm Future Market Insights. Fortunately, this downswing is gradually eroding, with the public infrastructure sector emerging from the pandemic induced doldrums.

Initiatives such as the National Smart Cities Mission in India and the New Silk Road Initiative in China are anticipated to stimulate development of an extensive network of roadways, railways and ports. Consequently, demand for geocells for earth reinforcement and soil erosion prevention is expected to incline substantially, broadening growth prospects through 2021 and beyond.

Key Takeaways from FMI’s Geocells Market Study

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The global geocells market landscape is characterized by the presence of a multitude of global and regional level players, rendering the market highly competitive in nature. A combination of expansion strategies, including customized solution offerings, expansion of R&D capacities and penetration of new and emerging markets, are relied upon by the manufacturers.

For instance, Tensar International Ltd. offers the Tensar TX TriAx® and Tensar TriAx® TX-G geocells. The former offers multi-directional tensile stiffness of biaxial geogrids, near isotopic tensile properties, through 360o. In the latter, existing TriAx technology is combined with a non-woven geotextile laminated to the geogrid structure, providing additional filtration and separation and preventing adverse effects on performance.

Strategic mergers are also an important market expansion strategy relied upon by certain manufacturers. For instance, in May 2020, Freudenberg acquired a 100% stake in Low & Bonar PLC, integrated in the former’s performance materials business group. The company was a prominent global manufacturer of technical textiles.

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4.4.1. Market Volume Forecast & Y-o-Y Growth

4.4.2. Market Size Forecast & Y-o-Y Growth

Explore FMI’s Extensive Coverage on Chemicals & Materials Domain

Electrical Insulation Materials Market: Demand in the electrical insulation materials market is projected to increase at a robust 6.4% CAGR between 2021 and 2031.

Textile Colors Market: Newly-released Textile Colors Market analysis report by Future Market Insights shows that global sales of Textile Colors Market in 2021 was held at US$ 5.8 Bn.

Faux Paints and Coatings Market: Newly released Faux Paints and Coatings Market analysis report by Future Market Insights shows that global sales of Faux Paints and Coatings Market in 2021 was held at US$ 7.2 Bn.

Dimethyl Carbonate Market: The global dimethyl carbonate market is estimated to be valued at US$ 512.5 Mn in 2022, registering Y-o-Y growth of 5.6%.

Ethylene Copolymers Market: The ethylene copolymers market is anticipated to have a steady CAGR of 4.2% during the period 2022-2032.

Cumene Market: The cumene market is anticipated to register a CAGR of 5.4% during the period of 2022-2032. The cumene market is anticipated to reach US$ 42.7 Billion in 2032, from US$ 25.1 Billion in 2022.

Trait Enhanced Oils Market: The global trait enhanced oils market size is expected to reach US$ 5.2 Billion in 2022 and exhibit an astonishing CAGR of 2.6% in the forecast period from 2022 to 2032.

Corrosion Inhibitors Market: The corrosion inhibitors market is anticipated to document a CAGR of 4.1% during the period of 2022-2032.

Electronic Materials and Chemicals Market: The electronic materials and chemicals market is anticipated to have a significant CAGR of 5.4% during the period of 2022-2032.

Zinc Carbonate Market: The global zinc carbonate market is expected to reach US$ 209.9 Mn in 2022. Sales are projected to surge at a CAGR of 3.8%, to reach US$ 305.5 Mn by 2032.

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 Report: https://www.futuremarketinsights.com/reports/geocells-market For Sales Enquiries: [email protected] Browse latest Market Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs

The post Maximum Utilization of Geocells; Greenroofs and Hydroponics are expected to Balance the Weight Across Building Sstructures appeared first on Future Market Insights.

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