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.
Browse full research report on Geomembrane Market: http://www.grandviewresearch.com/industry-analysis/geomembrane-market
Further key findings from the report 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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/green-building-materials
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
Access press release of this research report by Grand
View 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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
