Geomembrane Market is Expected to Grow at 5% by 2031. The worldwide Geomembrane market volume was 781.12 million square meters during year 2014. Growing spending on waste management practices in construction sector, mining sector and oil & gas sector due to growing focus on environmental security is predicted to stimulate the demand and growth of the global Geomembrane market.
Geomembrane is a low porous substance that is utilized for controlling the migration of gas or fluid in power sector, construction sector and mining sector. The item is utilized for landfills, water treatment, aquaculture, pond liners and tunnels owing to its good tensile strength and outstanding resistance property against wear and tear.
The growth of mining sector in developing economies like South Africa, Peru, Mexico and Chile due to the encouraging savings policies by particular governments at the regional level is predicted to enhance the use of Geomembrane.
Rising demand for geo synthetic clay liner in containment solutions and landfill solutions due to its outstanding chemical resistant and self sealing properties is predicted to hinder the growth and demand of the global Geomembrane market in coming years.
Growing use of polymers that includes PE and PP in automobiles, electronics and packaging sectors can minimize the accessibility of these substances for producers. Growing significance of bio dependent polymers owing to growing issues of reducing the carbon emissions is predicted to enhance the raw material availability to vendors of polymers market.
Geomembrane Market By Application:
The worldwide Geomembrane market by application includes waste management, mining, tunnels & civil construction and water management.
Mining section was the biggest application section which contributed about more than 35% to the total volume of the global Geomembrane market during year 2014. Growing use of containment solutions and landfill solutions in mining industry owing to increasing spending on environmental safety is predicted to lead to significant demand for the item.
Water management section is predicted to experience heavy gains during the estimated period in terms of revenue. This growth can be attributed to the growing utilization of geosynthetics as lining agents for minimization of water wastes in production sectors as well as municipal corporations at world level.
Tunnel & civil construction section registered a utilization of about 89.10 million square meters during year 2014. It is predicted to witness further growth owing to enhancement & increase in the construction work activities taking place in middle east regions, China and India.
Geomembrane Market By Raw Material:
The global Geomembrane market by raw materials includes polyvinyl chloride, high density polyethylene, ethylene propylene diene terpolymer and low density polyethylene.
High density polyethylene was the mainly consumed raw material for producing the item. It contributed about more than 30% to the total share of the global Geomembrane market in terms of volume during year 2014. The polymer is predicted to experience substantial benefits during the estimated period due to its features that includes excellent elasticity and deployment costs.
Ethylene propylene diene terpolymer is predicted to experience a rapid growth due to its capability to offer outstanding weather resistance and high proportion of stability.
Geomembrane Market By Technology:
The worldwide Geomembrane market by technology is divided into extrusion, calendaring and others.
Geomembrane is extensively produced through process of extrusion. This process contributed about more than 60% to the total share of the global Geomembrane market in terms o volume during year 2014. The process produces substances with modified width, sizes and textures that fit wide collection of applications. High market presence of extrusion appliances in textile sector is predicted to enhance the application of this section.
Demand for calendaring process crossed 201 million square meters during year 2014. This method is being growingly accepted by producers to process the polymers that are not restricted to the applications like ethylene propylene diene terpolymer and polyvinyl chloride. The reason for this being its high levels of tolerance up to 0.005 mm.
Other process of Geomembrane includes spread coating process which is predicted to possess low market volume in the view of restricted scope of the production activities.
Geomembrane Market By Region:
The global Geomembrane market by region is divided into four geographical regions, namely, subcontinent of North America, European continent, Asia Pacific zone and region of the rest of the world.
The Asia Pacific zone contributed about more than 30% to the total share of the global Geomembrane market during year 2014 in terms of volume. This zone is predicted to experience substantial gains due to strong presence of mining base in the countries like Australia, China and India. During last few years, countries like China and India have executed numerous legislations aimed & targeted at improving the output of crude oil and petrochemicals. Due to this, the Geomembrane market of Asia Pacific zone is predicted to have enormous profitable business opportunities in exploring refineries and rigs.
The subcontinent of North America is predicted to remain one of the biggest sectors utilizing 216.12 million square meters of the item in year 2014. Growing yield of shale gas in countries like Canada and USA of this subcontinent due to use of the hydraulic fracturing technique is predicted to create new market avenues as a freshwater control solution in coming years.
Growing consciousness about ecological safety among the power sectors as well as the production sectors of Europe have contributed to the to the growth and expansion of the Geomembrane market in this continent. The reason for this being the positive initiatives taken by European commission to make the implementation of landfill activities compulsory in the continent.
Raw Material Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
HDPE
LDPE
EPDM
PVC
Others
Technology Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
Extrusion
Calendering
Others
Application Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
Waste Management
Water Management
Mining
Lining Systems
Others
Competitive Landscape:
GSE Environmental
CETCO
Geofabrics Australasia Pty Ltd.
Carthage Mils Erosion Control Company, Inc.
NAUE GmbH & Co., KG
JUTA Ltd.
Solmax International Inc.
Officine Maccaferri S.p.A
Plastika Kritis S.A.
Nilex, Inc.
Bridgestone America
Carlisle SynTec Systems
Anhui Huifeng New Synthetic Materials Co., Ltd.
These key industry players are adopting business plans like mergers & acquisitions, strategic alliances, joint ventures, partnerships, associations and collaborations to increase their market share, profit margins and market penetration. These business strategies will help these players improve their market positions and assist them in their business growth & expansion.
