Market Overview:
The worldwide Geomembrane market volume was 781.12 million square meters in 2014. Growing spending on waste management practices in the construction sector, mining sector, and oil & gas sector due to the growing focus on the 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 the 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 against wear and tear.
The growth of the 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.The rising demand for geosynthetic clay liners in containment solutions and landfill solutions due to their outstanding chemical resistance and self-sealing properties is predicted to hinder the growth and demand of the global Geomembrane market in the coming years.
The growing use of polymers that includes PE and PP in automobiles, electronics, and packaging sectors can minimize the accessibility of these substances for producers. The growing significance of bio-dependent polymers owing to growing issues of reducing carbon emissions is predicted to enhance the raw material availability to vendors of the polymers market.
Geomembrane Market By Application:
The worldwide Geomembrane market by application includes waste management, mining, tunnels & civil construction, and water management.
The mining section was the biggest application section which contributed more than 35% to the total volume of the global Geomembrane market during the year 2014. The growing use of containment solutions and landfill solutions in the mining industry owing to increasing spending on environmental safety is predicted to lead to significant demand for the item.The 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 the minimization of water wastes in production sectors and municipal corporations at the world level.
The tunnel & civil construction section registered a utilization of about 89.10 million square meters in 2014. It is predicted to witness further growth owing to enhancement & increase in the construction work activities in the 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 more than 30% to the total share of the global Geomembrane market in terms of volume during 2014. The polymer is predicted to experience substantial benefits during the estimated period due to its features, including excellent elasticity and deployment costs.Ethylene propylene diene terpolymer is predicted to experience rapid growth due to its capability to offer outstanding weather resistance and a 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 the process of extrusion. This process contributed more than 60% to the total share of the global Geomembrane market in terms o volume during 2014. The process produces substances with modified widths, sizes, and textures that fit a wide collection of applications. The high market presence of extrusion appliances in the textile sector is predicted to enhance the application of this section.Demand for calendaring process crossed 201 million square meters during the year 2014.
Producers are growingly accepting this method to process polymers that are not restricted to the applications like ethylene propylene diene terpolymer and polyvinyl chloride. The reason for this is its high tolerance levels, up to 0.005 mm. Another process of Geomembrane includes the spread coating process, which is predicted to possess low market volume given the restricted scope of the production activities.
Geomembrane Market By Region:
The global Geomembrane market by region is divided into four geographical regions, namely, the subcontinent of North America, the European continent, the Asia Pacific zone, and the region of the rest of the world.
The Asia Pacific zone contributed more than 30% to the total share of the global Geomembrane market during 2014. This zone is predicted to experience substantial gains due to the strong presence of a mining base in the countries like Australia, China, and India. During the 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 the 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 2014. The growing yield of shale gas in countries like Canada and the USA of this subcontinent due to the 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 has contributed to the growth and expansion of the Geomembrane market in this continent. The reason for this is the positive initiatives taken by the European Commission to implement landfill activities compulsory on the continent.
Key industry players of the worldwide Geomembrane market include:
- CHETCO
- JUTA Group
- Officine Maccaferri S.p.A.
- GSE Holdings
- Nilex Incorporation
- Geofabrics Australasia Private Limited
- Agru America Incorporation
- Carlisle SynTec Systems
- Solmax International Incorporation
- NAUE GmbH & Co. KG
- Bekaert
- Huifeng Geosynthetics
- Bridgestone America
- PlastikaKritis S.A.
- Carthage Mills
- AGRU Kunststofftechnik GmbH
- GSE Environmental LLC
- Carlisle Companies Incorporation
- Colorado Lining International Incorporation
- Firestone Building Products Company LLC
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.
