Sarasota, FL -- (SBWIRE) -- 05/22/2017 -- Zion Market Research, the market research group announced the analysis report titled "Geomembrane Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Global Geomembrane Market: Overview

Geomembranes are made up of flexible polymeric materials which are impermeable in nature thus it creates a barrier for the flow of fluids, water, and other soluble materials. It can also be made from impregnation of geotextiles with asphalt, or multilayered bitumen geocomposites, or polymer sprays, or elastomer. It is also referred as liners or synthetic membranes which possess very low permeability. These membranes consist of significant mechanical properties including tear resistance, interface shear strength, tensile strength & elongation, and impact resistance. Geomembranes are extensively used in various applications such as water containment, solid waste containment, and mining.

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Global Geomembrane Market: Growth Factors

The geomembrane market is driven by rising environmental pollution and environmental policies that are implemented by the regulatory agencies. Regulatory guidelines are imposed for the waste management and the increased usefulness of geomembranes anticipates to fuel the market growth. It is used to improve the strength of soil which in turn increases the lifespan of roads, thus is used in the constructional activity. Mining is another application which is growing at a faster rate due to the strong durability of the membranes in exhaustive climates. The mining of metals such as salt, gold, molybdenum, nickel, copper, cobalt, and others will bring ample growth opportunities for geomembranes market. However, unstable material prices are expected to restrain the geomembrane market growth to some extent.

Global Geomembrane Market: Segmentation

The global geomembrane market is segregated based on the application, type, technology, and geography. The application segment is categorized into water management, waste management, tunnel & civil construction, and mining. The waste management is the leading application segment in the global market. On the basis of type, the market is fragmented as FPP, HDPE, PVC, LLDPE, and other. On the basis of technology, the market is bifurcated into calendaring, extrusion, and others. The market is geographically diversified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Geomembrane Market: Regional Analysis

North America is the dominating region due to factors such as rising demand for geomembranes, increasing awareness about environment protection among manufacturing sectors, and stringent government regulations regarding waste management. The US is the leading consumer of geomembrane in the North America region. Asia Pacific regional market is expected to grow at a faster rate owing to the presence of well-established mining industries, rapid industrialization, and the existence of dynamic economies such as China, Japan, India, and South Korea. China & India are the top consumers of the geomembrane in the Asia Pacific region. The market may show a considerable growth in countries such as Vietnam, Singapore, Burma, Thailand, and Malaysia due to the improved environment protection laws and rise in solid waste generation.

Global Geomembrane Market: Competitive Players

Major leading players in the global geomembrane market are Huadun Snowflake, Laiwu Zhongxing Geotextile, Garden City Geotech, Shandong Longxing, Officine Maccaferri, Sinotech, Shandong Haoyang, and Huikwang. Other players influencing the market are Layfield, HongXiang New Geo-Material, Yizheng Shengli, EPI, Plastika Kritis, Firestone, Shanghai Yingfan, GSE Holding, Dupont, Yaohua Geotextile, Solmax, AGRU, Naue, Carlisle, Seaman, Sotrafa, JUTA, and Jinba.

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Global Geomembrane Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa