Geomembranes manufacturer Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027
GSE Environmental, LLC (US),
Atarfil SL (Spain), Carlisle SynTec Systems (US), Solmax International, Inc.
(Canada), Plastika Kritis S.A. (Greece), Officine Maccaferri S.p.A (Italy),
Agru America, Inc. (US), NAUE GmbH & Co. KG (Germany), Colorado Lining
International, Inc. (US), Firestone Building Products Company, and LLC (US),
among others are some of the prominent players at the forefront of competition
in the global geomembranes market and are profiled in
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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