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Geocells Market Size

  • Report ID: GMI11366
  • Published Date: Sep 2024
  • Report Format: PDF

Geocells Market Size

Geocells Market size was valued at around USD 670 million in 2023 and is anticipated to register a CAGR of over 7.7% between 2024 and 2032. The demand for geocells is driven by the growing need for soil stabilization and erosion control in infrastructure development.

 

As global construction activities increase, especially in roadways, railways, and retaining walls, geocells offer an efficient solution for reinforcing weak soils. Environmental regulations promoting sustainable construction practices further boost their adoption in slope protection and channel protection. Urbanization and industrial growth, particularly in emerging economies, are also creating a surge in demand. Additionally, the rising awareness of the benefits of geosynthetic products like geocells for long-term durability and cost-effectiveness supports market growth. Thus, the market is expected to attain a market value of over USD 1,345.2 million by 2032.
 

The high initial costs of geocells can be a significant barrier for market growth, especially for small-scale projects and budget-constrained regions. While geocells offer long-term benefits such as durability and reduced maintenance, their upfront costs are relatively higher compared to traditional soil stabilization methods. This can discourage contractors and developers from adopting them, particularly in developing markets where immediate cost savings are prioritized over long-term efficiency. Additionally, the specialized installation and materials required can further inflate initial expenses, limiting broader adoption. Overcoming this cost barrier remains a key challenge for market expansion.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Geocells market size was worth USD 670 million in 2023 and will grow at a 7.7% CAGR between 2024 and 2032, propelled by increasing infrastructure development, growing demand for sustainable construction, and the need for effective soil stabilization solutions.

The earth reinforcement application segment garnered 24% share in 2023, attributed to its critical role in infrastructure projects such as retaining walls, embankments, and slope stabilization.

North America geocells industry will reach USD 437.8 million by 2032, owing to region's focus on sustainable construction, coupled with the need for soil stabilization solutions in transportation projects like highways, railways, and airports.

Some of the key geocells industry players include ABG Geosynthetics, ACE Geosynthetics, Admit Technologies, Armtec Infrastructure Inc., Bermuller & Co. GmbH, CeTeau Group, Greenfix Soil Stabilization and Erosion Control Limited, Huifeng Geosynthetics, Low & Bonar, and Maccaferri S.p.A., among others.

Geocells Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 210
  • Countries covered: 26
  • Pages: 210
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