The global market for geomembranes is the focus of study of a market research report by Transparency Market Research. The report gives a detailed overview of the market and presents quantitative as well as qualitative facts about key market elements. The report is titled “Geomembranes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.
Geomembranes refer to synthetic membrane liners or barriers of very low permeability used with any geosynthetic or geotechnical material with a view to control the entry of fluids or gases in a man-made structure. They are made from the impregnation of geotextiles with substances such as elastomers, asphalt, or multilayered bitumen geocomposites. Some of the key materials used for manufacturing geomembranes are ethylene propylene diene monomer (EPDM) rubber, polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polyvinyl chloride (PVC).
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Some of the major applications of geomembranes are the construction of drainage sub-systems, roads, construction bodies for erosion control and land slide reduction, and vegetation growth.
The report states that the global market for geomembranes is expected to expand at a substantial pace over the report’s forecast period owing to the rising demand in infrastructure development, especially for the consistent road construction activities in the developing parts of the world.
The sustained high performance of the construction industry in Asia Pacific in the past few years, despite the slow growth of the sector in several depression-struck countries in Europe and other developed regions, is a key factor responsible for the good growth prospects of the global geomembranes market in this region.
However, as European countries recover from the recent economic downturn, the construction sector has started blooming again and several major infrastructure development projects have been initiated, which in turn is expected to boost the demand for geomembranes in this region over the report’s forecast period.
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The demand for geomembranes is expected to remain steady in North America, as it is a mature market and not many new construction projects are anticipated in the foreseeable future owing to the economic states of major countries in the region, which are still recovering from the recent economic depression. However, owing to the vast number of water bodies in the region, geomembranes are expected to be used for curbing the issue of erosion.
The report also presents a detailed overview of the competitive landscape of the global geomembranes market with the help of detailed business profiles of some of the key companies operating in the market and recent developments. Some of these companies are Officine Maccaferri, Agru America Inc, Nilex Inc, Carthage Mills, Juta A.S, and Colorado Lining International, Inc.
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