DUBLIN, Oct. 30, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/mzkbmv/asiapacific) has announced the addition of the "Asia-Pacific Geomembranes Market by Material Type, by Technology, by Application, and by Country - Trends & Forecast to 2020" report to their offering.
The Asia-Pacific geomembranes market size is projected be 283.81 Million meter square by 2020, with a CAGR of 12.6% between 2015 and 2020.
The growing demand of geomembranes in various applications and the implementation of stringent regulations are the key drivers of Asia-Pacific geomembranes market. Whereas reduced margin for global players and dependency of the government authorization for approval of certain projects are hampering the growth in demand for geomembranes in the region.
HDPE geomembranes are expected to be the largest segment by type accounting for more than 54% share in 2015. LLDPE geomembranes are expected to be the fastest growing segment by type which is projected to register a CAGR of 14.5%. This is because LLDPE geomembranes are an ideal choice for many applications which require material flexibility with high strength and durability.
India and Thailand are the top two consumers of geomembranes in the Asia-Pacific market, witnessing CAGRs of 14.3% and 13.2%, respectively between 2015 and 2020. The growth is due to the demand for geomembranes in landfill application (waste management), which is most dominant among all the applications in Thailand and India.
Key participants in the Asia-Pacific geomembranes market include GSE Environmental LLC (U.S.), Solmax Inc., (Canada) and Naue GmbH & Co. KG (Germany), Agru Kunststofftechnik GmbH (Austria), and others. By adopting various development strategies, which primarily include new product development and expansion activities, the companies are expanding their product offerings and market footprint. New product launches formed the prime strategy adopted by key industry players in order to achieve growth in this market. This strategy accounted for 70% of all the growth strategies captured between 2011 and 2015. Expansion and merger & acquisition activities are the second most-preferred development strategies adopted by the top global players.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Geomembranes Market, By Application
7 Geomembranes Market, By Material Type
8 Geomembranes Market, By Manufacturing Method
9 Geomembranes Market, By Country
10 Competitive Landscape
11 Company Profiles
- Agru Kunststofftechnik Gmbh
- D.P. Wires Pvt. Ltd.
- Geofabrics Australasia Pty. Ltd.
- Gse Environmental LLC
- Hongxiang New Geo-Material Co. Ltd.
- Huikwang Corporation
- Mts Fibromat (M) Sdn Bhd
- Naue Gmbh & Co. Kg
- Nylex (Malaysia) Berhad
- Solmax International
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SOURCE Research and Markets