Geotextiles and Geogrids Market in UAE and GCC to Get Hampered by Price Fluctuations of Raw Materials: Transparency Market Research
By Business Wire News
By Business Wire News
A new research report has been recently published by Transparency Market Research stating that the geogrids market in GCC countries is anticipated to touch US$182.5 million by 2019, exhibiting progressive 11.6% CAGR. In UAE, geogrids market is expected to be worth US$32.9 million by 2019, registering 11.8% CAGR from 2013 to 2019.
The research study is titled, “Geotextiles and Geogrids Market in UAE and GCC – Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” and is offered on the company website for sale.
As per the research study, the geogrids market in GCC is expected to reach a market value of 41.5 million square meters. In UAE the geogrids market is expected to value 7.0 million square meters by 2019, in terms of demand.
The UAE and GCC geotextiles markets have been segmented into knitted, woven and non-woven product types, in which non-woven held the highest share of 65% in 2012. This market finds application in drainage, erosion control, landfills, and road construction. In the forecast period, erosion control segment is expected to grow rapidly at 7.9% CAGR in UAE. The geogrids markets in UAE and GCC have been segmented on the basis of its applications into landscaping, roadways and others.
Gulf Railway project and other road development projects are expected to boost the demand for geotextiles and geogrids in UAE and GCC market. However, the fluctuating raw material prices are anticipated to curb the growth of geotextiles and geogrids market in the near future.
The report profiles leading players of the geotextiles and geogrids market in UAE and GCC, which include Exeed Industries, Alyaf Industrial, Mattex Geosynthetics and Tensar International.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.