Geomembrane Market Is Projected To Reach $2.43 Billion By 2025: Grand View Research, Inc.
The global geomembrane market is expected to reach USD 2.43
billion by 2025, according to a new report by Grand View Research, Inc.
Increasing spending towards waste and water management programs in Germany,
Russia, China, and India is anticipated to drive the market. In addition, positive
outlook towards mining industry in Middle East countries, South Africa, Peru,
and Chile is expected to play a crucial role in increasing the application of
geomembrane as a barrier medium to control industrial waste.
HPDE was the most extensively used raw material
accounting for 32.6% of the global geomembrane market volume in 2015. Low cost,
ease of installation, good welding strength, excellent low-temperature
performance and good thermal stability during exposure makes HDPE as a
favorable choice of raw material for the production geomembrane.
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Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/geomembrane-market
Further
key findings from the study suggest:
- The global demand for geomembranes was 809.9
million square meters in 2015 and is expected to witness growth on account
of its increasing usage for water management, mining, and civil
construction
- EPDM is increasingly used as a raw material for
the production of geomembrane on account of providing good flexibility,
excellent mechanical strength, and effective UV resistance, and thus, is
expected to witness the fastest growth at a CAGR of 6% over the forecast
period. Geomembrane manufacturers mix EPDM with carbon black, curing
agents and processing chemicals to produce larger sheet sizes which induce
properties including excellent elastic elongation and superior weathering
resistance.
- The global market for extruded geomembranes was
486.5 million square meters in 2015, making it the most widely utilized
technology for manufacturing. Extrusion results in the formation of thin
sheets which allows for flexibility of the geomembranes resulting in
increasing its durability under stress.
- The robust presence of mining base in Australia
and China in light of the abundance of minerals such as steel and diamond,
respectively, coupled with improvement in mining sectors of African
countries including South Africa and Nigeria in light of regulatory
support is expected to result in significant demand for geomembranes.
Mining is expected to grow at a CAGR of 4.9%, in terms of volume over the
forecast period.
- Asia Pacific was the largest consumer of
geomembranes in 2015 accounting for 34.3% of the global volume share, and
the trend is expected to continue over the forecast period. Rising
awareness towards engineering polymers in the construction industry of
emerging economies including China and India in light of new capacity
additions by companies including BASF and Dow at the domestic level is
expected to new markets over the next seven years.
- Key operating companies in the market include GSE
Holdings, AGRU, CETCO, NAUE, and Solmax. Companies are focusing on expanding
their market share via numerous strategies including mergers &
acquisition and capacity expansions. For instance, in May 2014, GSE
Environmental, Inc. opened a new manufacturing facility in Suzhou, China.
In February 2014, GSE Holding signed a global distribution agreement with
Tenax Group. This agreement will enable GSE Holding to distribute the
products of Tenax Group, which include reinforced geosynthetics on a
global level.
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by Grand View Research: http://www.grandviewresearch.com/industry-analysis/geomembrane-market
Grand View Research has segmented the
global geomembrane market by raw material, technology, application and region:
Raw Material Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2014 - 2025)
- HDPE
- LDPE
- EPDM
- PVC
- Others
Technology Outlook (Volume, Million Square Meters; Revenue, USD Million,
2014 - 2025)
- Extrusion
- Calendering
- Others
Application Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2014 - 2025)
- Waste Management
- Water Management
- Mining
- Tunnels & Civil Construction
- Others
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million,
2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- Latin America
- Brazil
- MEA
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Research: http://www.grandviewresearch.com/press-release/global-geomembrane-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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