Global Geomembranes Market Expected to Rise at CAGR of 4.9% between 2018 and 2025, Predicts QY Research

Author: QYResearch  |   Published Date: 2019-08-16   |   Views: 203

In a recent report published by QY Research, titled, “Global Geomembranes Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application,” is an in-depth study of the global geomembranes market. The report analyzes various areas of the market such as market drivers, market size, segment analysis, geographic outlook, key players and competitive landscape. The data provided by the report will help the reader to make business decision by understanding the objective information provided in the research report.

The global geomembranes market was valuated at US$2100 mn in 2017 and is expected to reach US$3080 mn by the end of 2025, rising at a CAGR of 4.9% between 2018 and 2025.

Global Geomembranes Market: Drivers and Trends

Geomembranes market have been reporting a growth in recent years, owing to its increasing uses across various applications, such as waste management, road construction activities, mining, water management, tunnel lining, and others. Geomembranes have excellent chemical and UV resistance, ability to withstand high temperature, low permeability, weatherability, and high tear and puncture resistance, which makes effective in traditional products such as compacted clay, asphalt, and concrete. It is majorly being used in construction activities, which is the boosting the geomembrane market. It is as great barrier for movement of fluids, water, and other soluble materials, hence serves major role in landfills as it drastically lowers the seepage rate.

Geomembranes are being used in water conservation, manufacturing sectors, and construction industry. The traditional and new applications along with product development are expected to drive the need for geomembrane.

Global Geomembranes Market: Segment Analysis

The global geomembranes markets is segmented into type and application. The type segment includes waste management, water management, mining, and tunnel and civil construction. The application segment include HDPE, LLDPE, PVC, FPP and other.

Global Geomembranes Market: Geographic Outlook

North America is expected to hold a large share of the market due to increasing waste management sector and mining industries. Western Europe will follow North America closely by holding the second position. Asia Pacific will play a significant role in global geomembranes markets due to the development in drainage systems and infrastructural activities.  Other regions like North America, Europe, the Middle East and Africa and other are also analyzed in the report.

Global Geomembranes Market: Key Players

The major manufacturers in global geomembranes markets are GSE Holding, AGRU, Solmax, JUTA, Firestone, Carlisle, Sotrafa, Yaohua Geotextile, Officine Maccaferri, HongXiang New Geo-Material, Laiwu Zhongxing Geotextile, Jinba, Huikwang, PLASTIKA KRITIS, Seaman, Naue, Yizheng Shengli, Huadun Snowflake, Dupont, Sinotech, Shanghai Yingfan, EPI, Shandong Haoyang, Garden City Geotech, Layfield, and Shandong Longxing.

Global Geomembranes Market: Competitive Landscape

Solmax –GSE, which was rated number three in the geosynthetics industry, integrated with GSE to become single entity, known by its formal name Solmax. The integration will allow the two large companies to share knowledge, objectives, and skills to drive research and development. The companies are moving quickly towards commercialization of their innovative products and services. Solmax has now extended its manufacturing in North America, Europe, Middle East, and the Asia for easy access to raw materials.

The companies are developing strategies such as new product development, innovative technologies, and joint ventures which are expected to help them boost their share in the global geomembranes market. The report presents an in-depth analysis of various manufacturers by studying its historic and forecast data.

Full Report Overview@ https://www.qyresearch.com/index/detail/1221119/global-geomembranes-market


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