GCC Geocomposites Market by Product (Geotextile - Geonet Composites, Geotextile - Geomembrane Composites, Geomembrane - Geogrid Composites, Geotextile - Geogrid Composites, Others), by Function (Separation, Drainage, Reinforcement, Others), by Application (Water & Wastewater Management, Road & Highway, Landfill & Mining, Soil Reinforcement, Others), by Forecast 2024-2032
The GCC Geocomposites Market size was valued at USD 13.28 USD Million in 2023 and is projected to reach USD 145.69 USD Million by 2032, exhibiting a CAGR of 40.8 % during the forecast period. Geocomposite materials are combinations of different materials so that different applications are handled optimally and at the lowest cost. Geocomposites maximize the benefit-cost ratio. Geocomposites are flat sheets made of composite materials containing at least one layer of geosynthetic products, including geotextile, geonet, geonet, geomembrane, etc. They are mainly used as a coating for drainage facilities, erosion control, road construction and various other applications. Geotextiles increase resistance to penetration, crack propagation and sliding friction and provide a tensile strength of their own. Often, however, geotextiles are of the non-woven type, perforated and relatively heavy. A number of large construction projects are expected in the coming years, which can predict higher demand for composite materials during the forecast period. Government interventions and rules and regulations to promote infrastructure activities and environmental sustainability regulations have shown to increase the demand for geocomposites in the market.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 40.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 40.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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