9:47 AM Geocells Market Size to experience an impressive growth of 8.2% |
| 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.
Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/673/geocells-market.html Or Read the summary of the report here: https://www.stratviewresearch.com/673/geocells-market.html Geocells Market Insights: By Raw Material Type: 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. By Application Type: Based on the application type, the geocells market is segmented as load support, channel & slope protection, retention of walls, and others. The load support segment leads the market. Geocells are applied in paved and unpaved roads, highways, container yards, truck terminals, where heavy duty vehicles are moving frequently. That is the reason for which geocells are used to improve road safety and surface quality and reduce maintenance frequency. By Design Type: 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. By Region: In terms of regions, 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. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/673/geocells-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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