Transparency Market Research has published a new research report titled “Pond Liners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” to their report store.
Albany, NY -- (SBWIRE) -- 08/16/2017 -- The global pond liners market has been on a path of sustained growth over the recent years and leading players in the market something seem poised to maintain this trajectory for the immediate future. The demand for pond liners is surging across a number of industry verticals due to the significant benefits that newer liners are bringing to the table. The resultant rise in demand is expected to create an influx of manufacturers to tap into these opportunities. The existing players, on the other hand, are pooling more funds into stronger product development profiles to solidify their status in the market. This also includes the development of enhanced raw materials that possess higher degrees of corrosion resistance and are eco-friendly as well.
Most of the current generation of pond liners hold moderate to high resistance to corrosion and abrasion and are witnessing a strong growth in sales owing to rising concerns about water conservation. Besides, rise in construction of artificial ponds or lakes in gardens or even at residential complexes is also serving to catalyze growth in the market. The global pond liners market is to rise at a CAGR of 8.9% from 2017 to 2025 and eventually be evaluated at US$2.32 bn by 2025. The market was previously calculated at US$ 1.09 bn in 2016.
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What are the Environmental Considerations of Using Pond Liners?
One of the key issues acting as an obstacle for the global pond liners market is the environmental concern over the disposal of materials after damage. Most types of pond liners in the market currently available do not decompose naturally and end up causing a negative impact on the ecosystem they are dumped into, where they can emit toxic gases and byproducts when exposed to other chemicals. This is slowing down the market's growth rate considerably and is required to be handled with high priority in the immediate future.
At the same time, one of the more crucial implementations of pond liners lies in water conservation and environment protection. Recently, the effort by federal bodies to clean up a Montgomery County borough Superfund site was announced to be nearing conclusion. The project took 30 years to finish and regulators are looking ahead to the final stages, which was initiated in the 1930s. The site required major overhaul after an asbestos manufacturing plant in Ambler began dumping all its waste chemicals and materials into the site for many decades to come. The use of pond liners was a key part of the process and is expected to help preserve the ground composition as well as conserve water around the site.
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What is the Scope of Applications for Pond Liners for Tomorrow?
The applications of pond liners are gaining diversity in type as well as in end users. Some of the key end users of the global pond liners market include the providers of oil spill containment services, potable water, aquaculture, agriculture, and floating baffles, where high abrasion resistance and corrosion resistance provided by pond liner materials can come handy. From a regional perspective, the demand for pond liners is expected to remain on the diverse side of the demand spectrum. While Europe and Asia Pacific have so far shown a matured market for pond liners, they market and the trend is expected to stay constant in the future as well.
Other applications such as building and construction is expected to contribute towards the rise in demand for pond liners. There has been a demand or rise in the construction of artificial ponds or lakes in gardens or even at residential complexes, accelerating the growth rate further.
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