The global geomembrane market is expected to reach USD 2.08 billion by
2022, according to a new report by Grand View Research, Inc. Increasing
expenditure for the implementation of waste and water management programs in
countries such as India, China, Germany and Russia is expected to drive demand.
Waste management is expected to
witness growth at a CAGR of 3.9% from 2015 to 2022. It is used as a lining
agent for preventing contamination of groundwater caused by leakage of
landfills. In addition, it also minimizes wrinkles and provides stability on
steep side slopes in landfill sites.
Request to Sample of
This Report @ http://www.grandviewresearch.com/industry-analysis/geomembrane-market
Further key findings
from the report suggest:
·
Global
geomembrane demand was 780.9 million square meters in 2014 and is expected to
exceed 1,000.0 million square meters by 2022.
·
Demand for the
product in water management exceeded 130.0 million square meters in 2014.
Increasing importance of leakage protection for storage reservoirs, ponds and
golf courses is expected to promote the application of water management
practices in municipal and manufacturing sectors.
·
PVC is expected
to witness growth at a CAGR of 4.5% from 2015 to 2022 in light of its
properties such as high degree of flexibility; reduced expansion coefficient
and excellent elongation percentage. They are widely used for lining canals for
irrigation, landfill and pond liners to prevent seepage.
·
Latin America
geomembrane market is likely to be valued at USD 241.3 million by 2022. In June
2013, the government of Brazil announced royalty increment on mineral
production at a percentage from 2% to 4% for mining companies. This initiative
is aimed at increasing the mining expenditure in Brazil and thus likely to open
new markets over the forecast period.
·
In April 2014,
the government of Mexico announced the National Infrastructure Plan (2014-18)
with an investment of USD 587 billion over a period of four years for
infrastructure improvement in energy, urban development, transportation,
communication and healthcare sectors at domestic level. North America
geomembrane market is expected to grow at a CAGR of 2.4% from 2015 to 2022, in
terms of volume.
·
MEA market is
expected to account for 5.6% of the global volume by 2022. Middle East is
expected to emerge as a lucrative market for construction in light of
supportive regulations to boost manufacturing output of automotive,
petrochemicals, and pharmaceutical sectors at domestic level. Governments of
Middle East countries have prioritized infrastructure improvement as a part of
reducing economical reliance on upstream sectors.
·
Majority of the
market players have established their units in North America and Europe in
light of high prevalence of suppliers of extrusion and calendaring machines in
the regions. Key market players include CETCO, GSE Holdings, Bridgestone
America, Nilex, Solmax International Inc. and NAUE.
To Get Sample Copy of Report visit
@ http://www.grandviewresearch.com/industry-analysis/geomembrane-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For More Information,
Visit Grand
View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
No comments:
Post a Comment