The global geomembranes market is projected to reach USD 3.41 Billion by 2021 at a CAGR of 9.2% from 2016 to 2021. The geomembranes market has witnessed high growth in the recent years.
Seattle, WA -- (SBWIRE) -- 03/29/2017 -- The report "Geomembranes Market by Raw Material (HDPE, LDPE & LLDPE, PVC, EPDM, PP), Manufacturing Process (Blown Film, Calendering), Application (Waste Management, Mining, Water Management, Tunnel Lining), Region - Global Forecast to 2021", The geomembranes market is projected to grow from an estimated USD 2.19 Billion in 2016 to USD 3.41 Billion by 2021, at a CAGR of 9.2% from 2016 to 2021.
Browse 103 market data tables and 27 figures spread through 127 pages and in-depth TOC on "Geomembranes Market - Global Forecast to 2021"
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Growing levels of environmental awareness compels governments of various countries to impose stringent regulations for water and waste management, which in turn leads to an increase in the consumption of geomembranes. Moreover, the increasing applicability of geomembranes for various applications including mining, heap leach pads, waste water runoff ponds, and tailing ponds, among others also lead to the high demand for geomembranes.
Waste management segment projected to lead the geomembranes market
Geomembranes are used in various applications, such as waste management, mining, water management, tunnel lining, and others. The waste management application segment is estimated to have led the geomembranes market in terms of value as well as volume, followed by the mining segment in 2016. Geomembranes are used for the management for various types of wastes such as solid & municipal waste, anti-seepage, hazardous waste, construction & demolition waste, and industrial waste in order to protect the environment.
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HDPE Geomembranes: Widely used raw material type of geomembranes
The HDPE geomembranes segment is expected to lead the geomembranes market. HDPE geomembranes are well-known for their excellent properties such as chemical resistance, aging resistance from weather stress, protection from ultraviolet rays, high durability, and inherent flexibility. Owing to these properties, these are used in applications such as aquaculture, energy, waste, landscaping, mining, and water, and the increasing use in these applications is driving the geomembranes market.
North America: The Largest Market for Geomembranes
North America is estimated to be the largest market for geomembranes, with the U.S. estimated to be the largest market for geomembranes in North America. The extensive use of geomembranes for waste and hazardous chemical containment and leachate collection are the main drivers for this market in North America. The demand for geomembranes in the water management application is expected to grow at a high rate in North America due to their increased applicability in aquaculture and for floating covers in irrigation ditches, ponds, and lakes.
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The major players in the geomembranes market are, GSE Environmental, LLC (U.S.), Solmax International, Inc. (Canada), Agru America, Inc. (U.S.), Atarfil SL (Spain), NAUE GmbH & Co. KG (Germany), Officine Maccaferri S.p.A (Italy), Colorado Lining International, Inc. (U.S.), Plastika Kritis S.A. (Greece), Firestone Building Products Company, LLC (U.S.), and Carlisle SynTec Systems (U.S.)
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