Geogrid Market - Forecast(2020 - 2025)
The Geogrid market size is forecast to reach $1.4 billion by 2025, after growing at the CAGR of 9.2% over the forecast period from 2020-2025. The growing use of geogrids in the emerging economies such as China and India; rising infrastructure investments; and increasing road maintenance activities across the globe are the major factors anticipated to drive the global geogrid market. The ever-growing development of transportation sector is favoring the future growth and value of this market along with the infrastructure developmental activities which enriches its worth and emerging trends like adoption of natural geogrid. Unstable prices of polyester and Polypropylene , dependent upon inconsistent crude oil prices are forecasted to obstruct the product demand. Due to global lockdown with outbreak of COVID-19 many infrastructure development activities have halted. Investors have become hesitate to invest in new project or development activities due to economic turmoil...