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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