Pune, India -- (SBWIRE) -- 09/18/2018 -- Synopsis of Geomembranes Market:

A geomembrane is thin continuous polymeric sheets which is used to control fluid or gas migration in a human-made project, structure, or system. Geomembrane, are generally used in water management industry such as in waste and landfills, water storage, canals, and others. These membranes are used to prevent the release of gas or odors into the atmosphere, and also help to protect groundwater against damage with polluted water, serving to protect new constructions against corrosion or water erosion, containment, collection, and the conveyance of drinking water¸ and also helping to prevent water loss. The Global Geomembranes Market is expected to witness a significant growth of USD ~ 4.05 Billion by 2023 with CAGR of ~9.5% between 2016 and 2023.

Geomembrane, a thin continuous polymeric sheet demonstrates a wide range of chemical, physical and mechanical properties. Installing Geomembranes is a cost effective method to prevent release of gas or odours into the atmosphere. They also effectively protect new constructions against corrosion and protect groundwater against polluted water, prevent water erosion thus provide convenience of collection, storage and conveyance of drinking water preventing the water loss. They are extensively used in Water Management Industry such as in waste and landfills, water storage, canals, among others.

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Industry/ Innovation/ Related News

December 20, 2017 – Groupe Solmax (North America) one of the world's biggest manufacturers of Geomembranes, announced the acquisition of one of its largest competitor in the geomembrane market - GSE Environmental Inc.

November 13, 2017 – GSE Environmental (USA), one of the leading global manufacturers and marketers of Geomembranes announced that the company had recently been awarded US Patent No. 9,518,176 B2 for its High Temperature Geomembrane Liners and Master Batch Compositions. The newest addition to the series, GSE High Temperature Liner, is engineered to withstand prolonged exposure to temperatures up to 100°C (212°F).

August 22, 2017- The U.S. based precision agriculture product manufacturer, Raven Industries, Inc. has signed an asset purchase agreement to acquire all the assets of Colorado Lining International, Inc., headquartered in Parker, Colo. The deal was finalized in September wherein Raven paid USD 14 million in cash and USD 2 million potential in next three years. With this acquisition Raven has aligned this with company's Engineered Films division, an innovative manufacturer of polymer film and sheeting.

Geomembranes Market- Competitive Landscape:

The global geomembranes is a highly mature market driven by surging demand from waste and water management, and landfill applications, along with substantial use in building & construction industry, along with the rising technological advancements in the field of geomembranes. The market consists of considerable number of tier 1 companies. Among them, NAUE GmbH & Co. KG, GSE Environmental, LLC, Carlisle SynTec Systems, and Solmax International, Inc. are the leading manufacturers which have substantial contribution to the growth of the market during the review period. Almost all of these market participants are primarily adopting the expansion of their production capacities tactics to strengthen their market position. Growing construction industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms, along with continuous R&D activities are key market forces operating in the market for the growth of the demand for Geomembranes. Taking all these trends under consideration, the global geomembranes market poised to witness considerable competition due to easy entry of competitors over the forecast period of 2017-2023.

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