Geomembranes Manufacturer Market - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders
Market Overview
Geomembranes manufacturer, are major used in water
and waste management, along with landfills. Additionally, it has substantially
penetrated into water storage, and canals. A geomembrane helps prevent the
release of gas or odors into the atmosphere, to reduce percolation of surface
water into ground, protection of groundwater against seepage of pollutant.
Moreover, protects new constructions against corrosion or water erosion,
containment, collection, and the conveyance of drinking water¸ and also helps
to prevent water loss.
The global Geomembranes Manufacturer Market is
expected to witness a significant growth of USD nearly 4.05 billion, expanding
at a CAGR of 9.5% between 2016 and 2023. Increasing mining activities,
regulation for ground water usage, stringent regulatory measures regarding
water contamination, are the major factors driving growth of the market.
The geomembranes are gaining the required attention
due to the more rigorous environmental regulations, newly developed standards
for the commercial structures and building codes and increased concern for the
environment codes and increased concern for the environment. Moreover, rapidly
increasing world population is fuelling the urbanization, industrialization and
infrastructural development are the prominent factors driving growth of the
global geomembranes market. Additionally the inception of innovative
technologies and efficient geomembranes application practices is anticipated to
fuel demand for the geomembranes in these applications.
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Geomembranes Market-
Competitive Landscape:
The global geomembrane manufacturer is a highly
mature market driven by surging demand from waste and water management, and
landfill applications, along with substantial use in building &
construction industry, along with the rising technological advancements in the
field of geomembranes. The market consists of considerable number of tier 1
companies. Among them, NAUE GmbH & Co. KG, GSE Environmental, LLC, Carlisle
SynTec Systems, and Solmax International, Inc. are the leading manufacturers
which have substantial contribution to the growth of the market during the
review period. Almost all of these market participants are primarily adopting
the expansion of their production capacities tactics to strengthen their market
position. Growing construction industries, and continuous collaborations and
agreements between manufacturers, distributers, and marketing firms, along with
continuous R&D activities are key market forces operating in the market for
the growth of the demand for Geomembranes. Taking all these trends under
consideration, the global geomembranes market poised to witness considerable
competition due to easy entry of competitors over the forecast period of
2017-2023.
Industry/
Innovation/ Related News:
April 3, 2017- Firestone
Building Products Company, LLC or Firestone, one of the leading manufacturer
and supplier of a comprehensive “Roots to Rooftops” product portfolio for
commercial building performance solutions, has acquired the technology and
product innovation technology and product innovation company Gaco Western
(Gaco). Gaco engages in development of an innovative silicone roofing systems
and provider of top-tier waterproofing and spray foam insulation. This
development will help Firestone to increase its range of waterproofing
membranes.
August 22, 2017- The U.S. based precision agriculture product manufacturer,
Raven Industries, Inc. has signed an asset purchase agreement to acquire all
the assets of Colorado Lining International, Inc., headquartered in Parker,
Colo. The deal was finalized in September wherein Raven paid USD 14 million in
cash and USD 2 million potential in next three years. With this acquisition
Raven has aligned this with company’s Engineered Films division, an innovative
manufacturer of polymer film and sheeting.
December 20, 2017- Groupe Solmax, a Canada based high-quality polyethylene
geomembranes manufacturer for industrial and environmental applications, has
acquired GSE Environmental based in Houston, Texas from Littlejohn & Co.,
LLC and certain funds and accounts managed by Strategic Value Partners, LLC,
both Greenwich, Connecticut-based private investment firms. Both Solmax and GSE
operate globally in the geosynthetic products sector, supplying large
industrial players with high-quality containment systems for domestic,
hazardous or industrial waste burial sites, retention ponds, fracking and heap
leaching pads.
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