Geocells are also known as geogrids and is a subset of geosynthetics. They resemble a honeycomb structure and are generally made up of high-density polyethylene and polyester. Geocells are used across the construction industry especially for slope protection, earth reinforcement, channel protection, tree root protection, and load support.
The global geocells market is estimated to account for US$ 1,486.9 Mn in terms of value in 2020 and is estimated to grow at CAGR of 8.8% by 2028.
In August 2020, Strata Geosystems bagged a large deal to design sloped greenroofs on residential structures. The company’s civil engineering technical team designed a geocells solution to address the challenges of additional rooftop weight as well as constant maintenance cycles arising out of soil erosion.
In 2020, ASTM International announced a new standard governing use of geocells in geotechnical projects, further expected to heighten growth prospects.
Asia Pacific held dominant position in the global geocells market in 2020, accounting for 33.62% share in terms of volume, followed by North America and Europe, respectively. Investments in improvement of road infrastructure and improving sanitation levels especially in developing economies is leading to significant growth in earth reinforcement application across the globe.
Figure 1. Global Geocells Market Value (US$ Mn), by Region, 2020
Global Geocells Market Drivers:
Growing demand for geocells from environmental applications is projected to foster market growth. As per the European Commission, around 115 million hectares of land in Europe are affected by water erosion, while 42 million hectares are affected by wind erosion. Increasing soil erosion due to various environmental factors which also includes a change in climatic conditions such as intense rainfall and steep topography is propelling the market growth of the geocells. In addition, increasing demand for geocell from flexible pavements application is expected to propel the market growth. Reinforced flexible pavements enhance the lifespan of a pavement by approximately two to four times when compared to unreinforced pavements. Also, there is a high demand for geocells in China due to increasing support from the Chinese government. Moreover, the Chinese government, under its 12th Five Year Plan, emphasized on expansion of rail routes in the country which in turn is expected to boost the demand for geocells in China.
Increasing road construction across developing countries is projected to offer potential market opportunities over the forecast period. According to the India Brand Equity Foundation, in April 2020, the Government set a target of constructing roads worth Rs 15 lakh crore (US$ 212.80 billion) in the next two years. Also, in 2019, the infrastructure sector witnessed seven mergers and acquisition (M&A) deals worth US$ 1,461 million. Thus growth in the infrastructure industry is projected to propel the market growth. Moreover, the growing adoption of HDPE in cold climatic conditions is projected to bring profitable opportunities to the market in near future. HDPE-based geocells can withstand temperatures ranging from –70° C to +110° C. For instance, regions such as Russia and Alaska have been witnessing extreme cold conditions as compared to previous years. As a result, infrastructure developers in these regions are increasingly preferring HDPE geocells as a sustainable solution for the long term.
Growing soil conservation programmes across North America is one of the emerging trends and growing such initiatives by the government will favor the market growth of the geocells. For instance, around 66% of soil erosion in North America has been caused by industrialization in the region. Various states in the U.S have implemented regulations to prevent soil erosion. Geocells are an ideal product in the conservation of soil erosion and they also offer long-term stability of slopes. Additionally, continuous product innovation by key players to cater to rising demand around the globe is one of the current trends in the industry. For instance, in July 2019, HUESKER launched the world’s first geogrid made from 100% recycled polyethylene terephthalate (PET). It is an environmentally friendly solutions that conserve natural resources during production and offer the same quality as their conventional counterparts. Thus, continuous product innovation by ley manufacturers will favor the market growth.
|Base Year:||2020||Market Size in 2020:||US$ 1486.9 Mn|
|Historical Data for:||2020 and 2028||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||8.8%||2028 Value Projection:||US$ 2,983.5 Mn|
Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., Maccaferri SPA, and Tensar International Ltd
|Restraints & Challenges:||
Figure 2. Global Geocell Market Revenue Share (%), By End-use Industry, 2020
Key Takeaways of the Graph:
Global geocells Market: Restraints
The availability of cheap substitutes such as geogrids which are efficient and also has bearing capacity by offering passive resistance. Hence, the availability of alternatives in the market is projected to restrict the market growth. In addition, low awareness regarding the benefits of geocells among manufacturers of the construction industry across developing regions is expected to affect the demand for the products. This factor is projected to restrict the market growth of geocell.
Global Geocells Market: Competitive Section
Key players operating in the global geocells market include Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., and Tensar International Ltd.
Geocells are more commonly known in the construction industry, are very useful components in a wide range of building applications. Geocells are constructed as ground panels that provide a flexible interface between the buried cable and the surface or soil to which it is connected. These ground panels can be designed to include several different sections of cable, thereby allowing the consumer to select the most suitable configurations for each application. It is also possible to incorporate a soil flume into a cellular control cell to serve as a means of channeling runoff from underlying soils.
Growing demand for geocells from environmental applications as it helps in saving cost is driving growth of the geocells market. In addition, advantage such as weather resistance, lightweight, strong, chemical resistance, ultraviolet protection, and high durability are other major factor propelling growth of the market
Moreover, growing use of geocell from waste management and flexible pavements application is also projected to foster growth of the market.
Moreover, key players are focusing on various strategies such as mergers, collaborations, and product portfolio as well as business expansion. For instance, In June 2019, Strata introduced Wide Flexible StrataGrid Geogrid, a facility aims to cater to flexible geogrids (StrataGrid) and HDPE geocells.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.