According to new market research the report "Asia-Pacific Geomembranes Market by Material Type, by Technology, by Application (Waste Management, Water Management, Mining, Tunnel Liners, Coal Ash Containment, Salt Farming, and Others), and by Country - Trends & Forecast to 2020", the Asia-Pacific geomembranes market is projected to grow from more than USD 500 Million in 2015 to USD 1,000 Million by 2020, at a CAGR of 15.0% between 2015 and 2020. It also explains the trends, drivers, and restraints of the Asia-Pacific geomembranes market.
Browse 71 market data Tables and 41 Figures spread through 114 Pages and in-depth TOC on "Asia-Pacific Geomembranes Market - Trends & Forecast to 2020"
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The Asia-Pacific geomembranes market is segmented by material type, technology, applications, and country. The market size of countries including China, Japan, India, South Korea, Thailand, Indonesia, Rest of ASEAN, and Australia, New Zealand, and Rest of Asia-Pacific is projected in the report.
Waste management: Largest Application
Waste management is estimated to be the largest application, both in terms of value as well as volume, in 2015 with a market share of more than 43% of the total Asia-Pacific geomembranes market. Mining is projected to be the second-largest application throughout the projection year till 2020. The increasing demand for gold and copper is contributing to the use of geomembranes in this industry.
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HDPE: Largest Segment, By Material type
HDPE geomembranes was the largest segment, accounting for more than 54% share of the Asia-Pacific geomembranes market in 2014 and is projected to register a CAGR of 12.1% during the forecast period. LLDPE geomembranes are expected to grow fastest among all types of geomembranes.
China: Largest Consumer
China is the largest market of geomembranes in the Asia-Pacific region, holding more than 30% share in 2014 and is projected to register a CAGR of 12.6% by volume. The high growth in the region is due to the increase in the industrialization and increasing domestic demand for environmentally friendly goods.
Asia-Pacific Geomembranes Market
The Asia-Pacific geomembranes market is segmented into seven applications, namely, waste management, water management, mining, tunnel liners, coal ash containment, salt farming, and others. The demand for geomembranes in water management application is expected to be the fastest among all the applications. The market is also segmented on the basis of material type, such as HDPE, LDPE, LLDPE, PVC, and others. The Asia-Pacific geomembranes market is segmented further into technology, such as extrusion and calendaring.
Leading companies, such as GSE Environmental LLC (U.S.), Solmax Inc. (Canada), and Naue GmbH & Co. KG (Germany) are focusing on development of new geomembranes products through research and innovation, in order to expand their product portfolio and application areas.
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