Press release
Pond Liners Market Estimated to Reach US$2.32 bn by 2025
Pressing Need of India and China to Conserve Water Propels Growth in Asia Pacific Market
Depending upon raw materials, the global pond liners market can be segmented into polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), butyl rubber, polyurea, polyester, and polyethylene. Among them, PVC has seen increasing uptake in the past couple of years. This is because PVC sheets are affordable, easily available, water proof, flexible, and adapt to the shape of the pond in which they are laid. The PVC segment accounted for over 20.0% share in 2016.
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Geographically, the key segments of the global pond liners market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific, of them, currently, constitutes a significant share in the market and in the years ahead is slated to grow further slightly by clocking maximum CAGR of 9.1% between 2017 and 2025. Swift pace of urbanization and the changing trends in building and construction industry is majorly fuelling demand in the region. Fast-expanding populous nations of India and China are powering the market in the region on account of their pressing need to conserve water for human consumption.
Rising Applications Drive Market
Pond liners are finding applications in different end-use industries, namely potable water, oil spill containment, floating baffles, aquaculture, agriculture, etc. This is because of their properties such as abrasion resistance and corrosion resistance. Rising concerns about water conservation is expected to drive the market in the future. Currently, Asia Pacific and Europe have a well-developed pond liners market and the trend is expected to stay constant in the future as well.
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“Other applications such as building and construction is expected to contribute towards the rise in demand for pond liners. There has been a demand or rise in the construction of artificial ponds or lakes in gardens or even at residential complexes, accelerating the growth rate further,” explains the lead analyst of the report.
Posing a roadblock to the global pond liners market, on the other hand, are issues related to their disposal once they are damaged. These materials do not decompose by themselves and affect various ecosystems by emitting toxic gases and substances. This affects the surrounding ecosystem and hence can cause the market growth to slow down on account of environmental concerns.
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The global market of pond liners is forecasted to see a steady upswing in the years to come. At present, the number of players operating in the market are relatively less, but going forward their number may increase since the product can be used in different applications in various end-use industries. This would provide more room to manufacturers to grow. Companies producing pond liners, for example, are already focusing on product development to bolster their positions. They are trying to come up with improved raw materials that have high degree of resistance to corrosion and are eco-friendly as well.
Some of the prominent companies operating in the global pond liners market are Emmbi Industries Limited, Reef Industries Inc., Stephans Industries Limited, BTL Liners, and Western Environmental Liner.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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