Cellular Confinement Systems Market : Global Industry Analysis , Trends , Market Size and Forecasts up to 2023
The market size of cellular confinement systems is determined based on the top down approach . The market size is validated using primary interview with the participants working in some of the leading players in the cellular confinement systems market . The primary interview participants typically includes managers and CXO level executives of the leading players in this market . The primary interviews not only help identify the market size of the cellular confinement systems market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market . The views of primary respondents were reconciled to provide qualitative analysis of the cellular confinement systems market . The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market . The bottomup approach is used to validate the global market size of cellular confinement systems . With the help of primary interviews and secondary research the market size of cellular confinement systems is determined for each country studied , which then is added to arrive at regional market size and there by obtaining global market size . This in turn helps us to validate the market size of cellular confinement systems in the world market .
Executive Summary Global Cellular Confinement Systems Market Highlights , ( USD Million , MILLION SQ . METERS )
The global Cellular confinement systems market was sized over USD 950 million in 2015 . In terms of volume , the global Cellular confinement systems market is projected to grow with a CAGR between 5.5 % and 6.0 % during 2017-2023 . The global market for cellular confinement systems ( geocells ) is projected to experience substantial growth over the forecast period , primarily due to growing demand from emerging markets of Asia Pacific and Latin America , owing to its increasing use in construction segment .
Rapid infrastructure and road developments , growing urbanization in emerging markets , increasing usage of geocells in slope and channel protection are the primary factors that are likely to drive the growth in this market over the forecast period . On the other hand , prevalence of substitutes to geocells is likely to restrain the growth in this market over the period of 2017 to 2023 ; however the impact of this restraining factor is projected to be minimal in the longer run . The ongoing research and development activities in the cellular
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