Geomembranes Market Estimated to Grow at 9.5% CAGR during 2016 to 2023

Market Overview:

Market Research Future published a half Cooked Research Report on Global Geomembranes Market. Global Geomembranes Market is
projected to grow at a CAGR over 9.5% by 2023, due to Extensive Use in Water Management Industry.

The major market drivers are governing structure for water and waste management developments and also increase in road construction activities is profiting the growth of the global geomembranes market. In APAC region due to their increased applicability in aquaculture and agriculture for floating covers in irrigation ditches, ponds, and lakes are also considered as key factors of driving the market growth of geomembranes. Whereas, volatile price of raw materials might be hamper the market growth of geomembranes. Geographically, consumption of geomembranes is high in APAC region and is also estimated to increase at a high growth rate as compared to other regions such as North America, Europe, and RoW.

All these factors contribute to the calculated CAGR of 9.5% of Geomembranes Market during 2016-2023.

Key Players and Competitive Analysis:

Key players of the Global Geomembranes Market are GSE Environmental, LLC (US), Atarfil SL (Spain), Carlisle SynTec Systems (US), Solmax International, Inc. (Canada), Plastika Kritis S.A. (Greece), Officine Maccaferri S.p.A (Italy), Agru America, Inc. (US), NAUE GmbH & Co. KG (Germany), Colorado Lining International, Inc. (US), Firestone Building Products Company, LLC (US), and others.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.

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Market Segmentation:

Global geomembranes market is segmented by type, technology, applications, and end user industry, and region. On the basis of type the geomembranes market is divided by HDPE, LDPE, LLDPE, PVC, EPDM, PP, and others (CSPE, etc.). Among all types HDPE geomembranes segment is expected to lead the geomembranes market. HDPE geomembranes are highly used in various industry such as agriculture, aquaculture, energy, waste and water management, landscaping, mining, and others due to having features such as chemical resistance, durable, light weight, UV resistance, and inherent flexibility. Whereas, LDPE (low density polyethylene) geomembranes are meant for longer usage irrespective of climatic conditions, and widely used in the fields like agriculture, industry and infrastructural projects due to having properties such as ageing and weathering resistance, non-toxic. The property of LDPE geomembrane is, they can welded, or also installed without welding. LDPE geomembrane mostly used in places where there is planned long-term subsidence, for example closing the landfill construction, fire tank installation, covering the agricultural tanks, decorative ponds installation, and others. LLDPE (linear low density polyethylene) geomembrane used when frictional performance, puncture resistance, flexibility and elongation are needed, these kind of geomembrane used in various application such as solid waste landfills, hazardous waste landfills, mining, coal ash pond, and others. These types of geomembrane allowing them to maintain their integrity under localized differential settlement conditions without puncturing, tearing, or cracking. In addition, PVC geomembrane are applicable in landfill closures, irrigation ponds, oil drilling reserve pits, soil remediation, decorative water features, waste water lagoons, mining, and others.
On the basis of technology the geomembranes market is divided by blown film, cast film, laminations, and others. Firstly, blown film lines can be used, with some optional elements, for the production for geomembranes, they are applicable in various industries such as lining of reservoirs and canals, sewage water protection, fish and decorative water ponds, leach pads, damp proof membrane, ground water protection, and others. Whereas, cast film geomembranes applicable in pond & lake liners, containment liners, floating covers, methane barriers, canal liners, and others.

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On the basis of application the geomembranes market is divided into waste and landfills, mining, water storage, canals, oil & gas, and others. Among all application, water storage, and mining is covering largest market share compared to other given applications due to rising population and increasing in development economy. Furthermore, on the basis of end user geomembranes market is segmented into aquaculture, agriculture, water management, industrial packaging, petrochemicals, building & construction, and other. Among all industry water management, followed by aquaculture, and agriculture occupied the highest market share. The highest application of various type geomembranes in these industries will increase the consumption of geomembranes in the forecasted period.

Regional Analysis:

Asia Pacific is the largest market of geomembranes due to demand in various end user industry such as aquaculture, agriculture, and building & construction especially in China region followed by India, and Japan. In addition, increasing demand for agriculture, and aquaculture industry in the India, Pakistan, Bangladesh and Burma has made Asia Pacific largest consumer of the global geomembranes market followed by increasing in the consumption of geomembranes market in Europe region.

Furthermore, the third largest market of geomembranes is North America due to large applications of waste and landfills, mining, water storage, canals, oil & gas, and others in various industries. Latin America and Middle East also witnessed in growth of geomembranes market due to various types of geomembranes such as HDPE, LDPE, LLDPE, PVC, EPDM, PP, and others.

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Market Research Future
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This release was published on openPR.