Category: Investment, Water
Dublin - March 21, 2016 (www.waternewswire.com) Research and Markets has announced the addition of the "Geomembrane Market by Raw Material, by Manufacturing Method, by Application, by Region - Global Forecast to 2020" report to their offering.
The global geomembranes market size is projected to witness a CAGR of 10.9% between 2015 and 2020 to reach a market size of USD 3.26 Billion by 2020. This high growth is attributed to the imposition of stringent regulatory framework for water and waste management and also the growing applicability of geomembranes. The demand for geomembranes is influenced by the environmental regulations enforced by governments which mandate the use of geomembranes for safe disposal of hazardous waste to prevent water pollution. The initiatives toward manufacturing of geomembranes with new type of raw materials, to sustain harsh operational conditions provide growth opportunity to the market.
HDPE geomembranes accounted for the largest share of the overall geomembranes market in 2014. Using HDPE as a raw material for manufacturing geomembranes is preferred by most of the market players as it provides low cost advantages, good chemicals resistance, and allow for variation in thickness for diverse applications. On the other hand, raw materials such as PVC, ethylene interpolymer alloy (EIA), chlorosulfonated polyethylene (CSPE), and butyl rubber are projected to witness the highest CAGR between 2015 and 2020.
The rising necessity for conservation of fresh water sources and preventing high water pollution levels is expected to trigger the market growth in the water management application. The market in the water management segment is projected to witness the highest CAGR between 2015 and 2020. Use of geomembranes in irrigation canals, dams, and decorative ponds are also expected to increase the demand for geomembranes.
North America accounted for the largest share of the global geomembranes market and is projected to continue dominating the market during the forecast period. The RoW market comprising the Middle East, Africa, and others are projected to witness the highest CAGR during the forecast period. Roadways construction, oil & gas operation, and water management activities in the Middle East are driving the growth of the market in the region. The applicability of geomembranes in mining and oil & gas operations is expected to drive the market in Latin America. The Asia-Pacific market is projected to witness the second-highest CAGR.
Declining demand in waste management and mining applications, fluctuating raw materials prices, and weaker anticipated economic growth of China are expected to restrain the market during forecast period. However, the market players are finding new application areas for geomembranes to drive the growth of the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Geomembranes Market, By Raw Material
8 Geomembranes Market, By Manufacturing Method
9 Geomembranes Market, By Application
10 Geomembranes Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/vhbd89/geomembrane
Research and Markets
Laura Wood, Senior Manager
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