Global Pond Liner Market: Various Applications in Different End-use Industries Provide Room for Growth, finds TMR
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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As per a report by Transparency Market Research, the global pond liners market will rise at a CAGR of 8.9% from 2017 to 2025 to become worth US$2.32 bn by 2025 from US$ 1.09 bn in 2016.
pond liners market
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.
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.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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