Industria
UAE GFRP Market Soars: $182.3 Million Boom Forecasted by 2028, Fueled by Innovation & Construction Demand: Ken Research
The UAE's GFRP market has undergone a remarkable transformation, evolving from initial testing phases to a mature ecosystem characterized by:
The construction segment currently holds the largest share (around 15%) of the UAE's GFRP market, and its dominance is expected to continue. Several factors contribute to this:
The UAE's GFRP market features a fragmented landscape with numerous global players vying for market share. These companies primarily focus on manufacturing construction-specific GFRP products like rebar, dowel, and wire mesh. Key factors influencing competition include:
The future of the UAE's GFRP market appears bright, with a projected size of USD 182.3 million by 2028. This promising growth is driven by:
This press release is approximately 780 words long, providing a concise overview of the key findings and insights from the Ken Research report while staying within the desired word count. Please remember to replace the bracketed date with the actual date of publication for accuracy.
According to Ken Research estimates, the Karnataka Bricks & Blocks Market – which grew from approximately INR ~28,000 CR in 2017 to approximately INR ~44,000 CR in 2022 – is forecasted to grow further into INR ~63,000 CR opportunity by 2027, owing to the escalating construction activities, growing emphasis on green buildings and government support.
According to Ken Research estimates, the Malaysia Construction Chemicals Market which grew at a CAGR of ~3% from 2017-2022 & is forecasted to grow at a CAGR of ~5% from 2023-2027F driven by government support & strong industry growth. Malaysia is working with a vision to develop industry to an advanced and modern level and making this sector as one of the high contributor of the economic development in the nation.
US Flat Glass Market is expected to show increasing and is expected to grow at a CAGR of 6% from 2022 to 2028 with government initiatives for increased residential construction and growth of solar panel installments. Shift of people from rural to urban areas is expected to increase at a growing rate in the coming years. Due to this rapid shift in population, the need for residential construction will also rise benefitting the US Flat Glass Market.
According to Ken Research estimates, the Malaysia Wire Harness Market – which grew at a CAGR of 5.7% in the period of 2017-2022 – is expected to grow at a CAGR of 7.9% in the forecasted period of 2022-2027, owing to the increased demand for Automotive, IoT (connected devises), and consumer electronics.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
+91-9015378249
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