Dublin, July 2, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/bt7vmt/global)
has announced the addition of the "Worldwide
Geomembranes (HDPE, LDPE,, EPDM, PVC & PP) Market Report -
Trends & Forecast to 2019" report to their offering.
The global geomembranes market is a highly challenging but attractive market as majority of the market is in hands of top five players. Though the market is easy to enter as there is ease in manufacturing geomembranes, it is challenging to sustain in the competition.
New product developments, constant innovations, sustainable developments, finding niche market are the few strategies that new players should take into account before entering the segment. As the materials prices are directly related to the crude oil prices, providing cost effective geomembranes remains a concern for the manufacturers.
The global geomembranes market is estimated to grow at a CAGR of 9.40% till 2019, to reach 815.53 million square meters. North America was the largest market for geomembranes in 2013 in terms of volume, but the APAC region will surpass this market till 2019.The major materials discussed in the report for manufacturing geomembranes are HDPE, LDPE, PVC, PP, EPDM and others.
The report also discusses product portfolio of major players in the market. The major applications discussed are water management, waste management, mining, tunnel liners and others. Mining at present though 35%, it will reach about 50% till 2019 as majority of water applications will be fitted with geomembranes till 2019. Tunnel liners is a new niche application for geomembranes which will remain niche in next five years as there are many substitutes available for that particular application.
As there are many players in the market, the buyer's power is found to be on a high side. On the supplier's side, the power remains low due to constant price fluctuations in material.
In APAC countries, majority of geomembranes have been imported from companies in Europe & North America. A lot of potential is available for new players who want to invest in APAC countries in geomembranes market.
The report also discusses the growing Rest of World market in depth, taking into consideration countries like Peru and Chile along with the Middle East and Africa. The market for geomembranes for mining application in ROW region was more than 60% of the total demand in that region. Also, the market dynamics like issues of water and waste management for each country in almost every region have been included in the report.
In brief, the laws regarding water consumption, waste management, mining, environment protection and sustainability is driving the geomembranes market.
For more information visit http://www.researchandmarkets.com/research/bt7vmt/global