Global Geomembrane Market 2017-2021

Overview of the global geomembrane market

Technavio’s market study identifies the increasing usage of geomembranes in agriculture and aquaculture as one of the primary factors that will fuel the growth of the geomembrane market in the coming years. Geomembranes are used for such purposes as it has low permeability and high ultraviolet resistance (UV) properties and find applications as covers for aerobic and anaerobic manure digesters in the agriculture industry. They also secure water containment, control water quality, and prevent disease spreading in aquatic life. Owing to all these factors, it is eminent that the geomembrane market will grow progressively during the forecast period. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 9% by 2021.

The growing development of robust geomembranes is identified to be one of the key trends contributing towards the growth of the geomembrane market. Geomembranes are used in several ways such as liners for waste, radioactive, hazardous materials, water conveyance canals, cover for landfills, power plants, and provides waterproofing solutions. These factors are pivotal in influencing the growth of strong and robust geomembranes in the geomembrane market.

Competitive landscape and key vendors

The geomembrane market is highly fragmented due to the presence of several international and regional players, with the international players dominating the market. Vendors in the geomembrane applications market are competing in terms of product quality and durability, price, accessibility and availability of products, and range of products. The companies are trying to increase their product reach and offering wide variety of choices, due to which the competition in the geomembrane applications market is increasing.

The leading vendors in the market are-

• Atarfil
• AGRU America
• GSE Environmental
• NAUE
• Solmax

The other prominent vendors in the market are Aquatan, Carlisle SynTec Systems, EPI, Firestone Building Products, In-Line Plastics, Officine Maccaferri, Productos Quimicos Andinos, PLASTIKA KRITIS, Raven Industries, and TechFab India,

Segmentation by application type and analysis of the geomembrane market

• Mining
• Waste management
• Water management
• Tunnel and civil construction

During 2016, the mining segment accounted for the major shares of the geomembrane market. Geomembrane is used in major applications like evaporation of ponds for mineral extraction and heap leaching that involve industrial mining process to extract precious metal through series of process. Moreover, the rapid industrialization is further influencing the growth of the geomembrane applications market.

Segmentation by geography and analysis of the geomembrane market

• Americas
• APAC
• EMEA

The market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. Factors such as the presence of several manufacturers in the Americas, growing industrialization, growing level of environmental awareness, and the enforcement of government regulations, will contribute to the growth of the geomembrane applications market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global geomembrane market?
• What are the key market trends impacting the growth of the global geomembrane market?
• What are the challenges to global geomembrane market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global geomembrane market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global geomembrane market?

Technavio also offers customization on reports based on specific client requirement.