Geomembranes are impermeable membrane liners or barriers used to block the movement of water, fluids, or other materials of soluble nature in man-made structures. Geomembranes are being adopted across various applications such as waste management, mining, water management, tunnel lining, and others. The geomembranes market is projected to grow at a CAGR of 9.2% from 2016 to 2021, in terms of value. Increasing environmental awareness and environmental hazards, along with increasing population and pollution is the major driver in the geomembranes market. The growth of the geomembranes market is expected to be fueled by the rising demand from various applications and the development of new applications.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133281673
Regions such as the Asia-Pacific and North America, are relatively mature markets for geomembranes as compared to Europe, Middle East & Africa, and South America. The Asia-Pacific region is projected to be the fastest-growing market, whereas North America is projected to be the largest market from 2016 to 2021. The market in these regions is expected to witness an increase in the demand for geomembranes from the mining, waste management, and other applications. In North America, the market in the U.S. is projected to witness the highest growth during the forecast period, in terms of value as well as volume. The extensive use of geomembranes for waste and hazardous chemical containment and leachate collection along with their increased applicability in aquaculture and for floating covers in irrigation ditches, ponds, and lakes are the major factors driving the geomembranes market.
Based on applications, the waste management application segment is projected to grow at the highest rate from 2016 to 2021. The high growth of this segment is expected to be driven by the increasing use of geomembranes in waste management applications, such as blockade layer for landfills, and cover over collected solid waste.
Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=133281673
The HDPE geomembranes segment by raw material led the geomembranes market, in terms of volume, in 2015. This can be attributed to the easy availability and relatively low cost of the material as compared to other geomembranes. It is extensively used in waste management applications, due to its functionalities, such as being chemically resistant, ageing resistance from powerful weather stresses, protection from ultraviolet rays, high durability, and inherent flexibility.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Address:630 Dundee Road Suite 430
Country: United States