Global Geomembrane Market 2017-2021
Geomembranes are liners used in geotechnical engineering to control the flow of fluids or vapors. The three common geomembrane manufacturing methods are calendaring, spread coating, and extrusion method. Raw materials used to manufacture geomembranes are polymer resin and various additives such as antioxidants, plasticizers, fillers, carbon black, and lubricants. The parent market of geomembrane is the global geosynthetics market. The geosynthetic components are geogrids, geonets, geotextiles, geocomposites, and geocomposite clay liners.
Technavio’s analysts forecast the global geomembrane market to grow at a CAGR of 9.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global geomembrane market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sales of various applications of geomembrane.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Geomembrane Market 2017-2021
Technavio recognizes the following companies as the key players in the global geomembrane market: Atarfil, AGRU America, GSE Environmental, NAUE, and Solmax
Other Prominent Vendors in the market are: Aquatan, Carlisle SynTec Systems, EPI, Firestone Building Products, In-Line Plastics, Officine Maccaferri, Productos Quimicos Andinos, PLASTIKA KRITIS, Raven Industries, and TechFab India,
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing development of robust geomembranes. Geomembranes are used for a wide variety of applications, and its applicability is increasing everyday. Nowadays, geomembranes are used for multiple purposes such as liners for waste, radioactive, hazardous materials, and water conveyance canals. It is also used as a cover for landfills, power plants, and provides waterproofing solutions. With the growing applicability of geomembranes, the need for strong, robust, and rigid geomembranes is rising.”
According to the report, one of the major drivers for this market is Growing applications of geomembranes. The applications of geomembranes are increasing over time. Traditionally, geomembranes were used only in civil engineering applications and water containment for agricultural and potable water use, and then, it was used to protect water from pollutants. With the growing environmental concerns, companies are nowadays focusing on environmental applications of geomembranes.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in raw material prices. The manufacturing of geomembranes requires raw materials such as polymer resin, plasticizer, HDPE, PP, and colorants, which are imported from different countries. The final price of the products depends on prices of raw materials and their supply. The volatility in the crude oil prices globally has a severe effect on the raw material prices, which affects the final costs of geomembranes. The raw material prices in the global geomembrane market differ for several other reasons such as availability in a particular market and pricing structures based on import and exports of raw materials in the market. The polymer resin, plasticizer, HDPE, and PP are manufactured from derivatives of petroleum byproducts. Prices of crude oil and natural gas are directly related to prices of the petroleum byproducts, thereby related to the prices of geomembranes. This has reduced the profits of vendors; although geomembrane products are costly. The fluctuating crude oil price has also affected the procurement cost of the manufacturers.
Atarfil, AGRU America, GSE Environmental, NAUE, Solmax, Aquatan, Carlisle SynTec Systems, EPI, Firestone Building Products, In-Line Plastics, Officine Maccaferri, Productos Quimicos Andinos, PLASTIKA KRITIS, Raven Industries, and TechFab India
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook