The global geomembrane market is expected to reach USD 2.08 billion by 2022, according to a new report by Grand View Research, Inc. Increasing expenditure for the implementation of waste and water management programs in countries such as India, China, Germany and Russia is expected to drive demand.
Waste management is expected to witness growth at a CAGR of 3.9% from 2015 to 2022. It is used as a lining agent for preventing contamination of groundwater caused by leakage of landfills. In addition, it also minimizes wrinkles and provides stability on steep side slopes in landfill sites.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/geomembrane-market
Further key findings from the report suggest:
·
Global geomembrane demand was 780.9 million
square meters in 2014 and is expected to exceed 1,000.0 million square meters
by 2022.
·
Demand for the product in water management
exceeded 130.0 million square meters in 2014. Increasing importance of leakage
protection for storage reservoirs, ponds and golf courses is expected to
promote the application of water management practices in municipal and
manufacturing sectors.
·
PVC is expected to witness growth at a CAGR of
4.5% from 2015 to 2022 in light of its properties such as high degree of
flexibility; reduced expansion coefficient and excellent elongation percentage.
They are widely used for lining canals for irrigation, landfill and pond liners
to prevent seepage.
·
Latin America geomembrane market is likely to be
valued at USD 241.3 million by 2022. In June 2013, the government of Brazil
announced royalty increment on mineral production at a percentage from 2% to 4%
for mining companies. This initiative is aimed at increasing the mining
expenditure in Brazil and thus likely to open new markets over the forecast
period.
·
In April 2014, the government of Mexico
announced the National Infrastructure Plan (2014-18) with an investment of USD
587 billion over a period of four years for infrastructure improvement in
energy, urban development, transportation, communication and healthcare sectors
at domestic level. North America geomembrane market is expected to grow at a
CAGR of 2.4% from 2015 to 2022, in terms of volume.
·
MEA market is expected to account for 5.6% of
the global volume by 2022. Middle East is expected to emerge as a lucrative
market for construction in light of supportive regulations to boost
manufacturing output of automotive, petrochemicals, and pharmaceutical sectors
at domestic level. Governments of Middle East countries have prioritized
infrastructure improvement as a part of reducing economical reliance on
upstream sectors.
·
Majority of the market players have established
their units in North America and Europe in light of high prevalence of
suppliers of extrusion and calendaring machines in the regions. Key market
players include CETCO, GSE Holdings, Bridgestone America, Nilex, Solmax
International Inc. and NAUE.
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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, 2012 - 2022)
·
HDPE
·
LDPE
·
EPDM
·
PVC
·
Others
Technology Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2012 - 2022)
·
Extrusion
·
Calendering
·
Others
Application Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2012 - 2022)
·
Waste Management
·
Water Management
·
Mining
·
Tunnels & Civil Construction
·
Others
Regional Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2012 - 2022)
·
North America
·
U.S.
·
Europe
·
Germany
·
Asia Pacific
·
China
·
Latin AmericaMEA
·
Brazil
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