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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summary of this report @ 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.
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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
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