Asia-Pacific Geomembranes Market size is Projected to be USD 1,010.90 Million by 2020

Date: 2015-10-15

“Geomembranes are protective membranes used in environmental protection applications. Some common applications of geomembranes include landfill liners, canal liners, reservoir covers, pond liners, pit liners and others. The Asia-Pacific geomembranes market size is projected to be USD 1,010.90 million by 2020.

The fastest-growing material type of the Asia-Pacific geomembranes market is LLDPE. The high growth can be attribute to the fact that LLDPE is one of the unique and cheaply available alternatives for HDPE geomembranes in cold and harsh environments. On the basis of application, waste management application was the largest application in 2014, and is projected to grow with with a substantial growth rate due to increased waste production in the region. 

The market size of countries, such as China, Japan, India, South Korea, Thailand, Indonesia, Rest of ASEAN,  Australia, New Zealand, and Rest of Asia-Pacific is projected for 2020 in the report with a forecast of their market size along with their growth rates. China was the largest market of geomembranes in 2014, followed by Australia, New Zealand, and Rest of Asia-Pacific. The increased use of geomembanes in various applications and the implementation of stringent regulations are expected to be the key drivers of the Asia-Pacific geomembranes market.

Market players in the Asia-Pacific geomembranes market invest heavily in R&D capabilities to innovate and develop new products, technologies, and applications of geomembranes. The leading players in the Asia-Pacific geomembranes market, such as GSE Environmental LLC (U.S.), Solmax Inc. (Canada), and Naue GmbH & Co. KG. (Germany) and others are profiled in the report. The key players in this market have adopted various strategies to strengthen the market position and increase their market shares. New product launches and expansion are some of the main strategies adopted by the market players to achieve growth in the Asia-Pacific geomembranes market.

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