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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