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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.
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-
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,
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: MARKET SEGMENTATION BY RAW MATERIALS
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: APPENDIX
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