Published: Aug, 2018
The global pond liner market is anticipated to intensify in the coming years due to entrance of new players in the market. According to a report by Transparency Market Research, the global pond liner market is currently consolidated in nature due to handful of players dominating the market. The market is expected to witness high competition in the coming years due to entrance of various new players in the market. The key companies are focusing on innovating and advancing their product line to hold larger shares and dominate the market. Some of the prominent companies operating in the global pond liner market are Stephans Industries Ltd., Emmbi Industries Ltd., Western Environmental Liner, BTL Liners, and Reef Industries Inc.
The global pond liner market will be witnessing a rising growth of 8.90% CAGR during the forecast period of 2017 and 2025. The global market was worth US$1.90 bn during 2016 and is expected to reach a valuation worth US$2.32 bn by the end of 2025. The global pond liner market according to raw material is led by polyvinyl chloride (PVC). This segment held 20.0% share in the global market during 2016 and is expected to dominate the market in the coming years. Geographically, the global pond liner is spread across various regions among which, Asia pacific is the leading region in the market. It is expected to show dominance in the market with 9.10% CAGR during the forecast period of 2017 to 2025.
Higher Degree of Resistance to Boost the Global Pond Liner Market
The global pond liner market will be witnessing major rise in the coming years due to rise in consumption of its applications. Various end use verticals are demanding pond liner. The rise in demand will lead to increased number of manufacturers in the market. Increased manufacturers will provide cost effective products. Product development by various manufacturers are increasing the demand for global pond liner market. Raw material having higher degree of resistance to corrosion will boost the demand in the market significantly. Rise in awareness had led to adoption of environment friendly applications which has led to ecofriendly raw material production. Rise in awareness regarding water conservation among people and government has led to shift to pond liner as they are resistant to corrosion and abrasion. This will fuel the market during the forecast period.
Increased construction of artificial lakes and ponds in residential complexes or gardens is also supplementing the global pond liner market. Geomembranes are extensively used in various applications thus, increasing the demand for pond liners market. Pond liners are excellent in preventing water wastage and soil erosion therefore, they are largely used for artificial water construction. Pond liners are also majorly used in conveyance, collection, and containment of drinking water. This plays a major role in the driving growth of global pond liner market. Pond liners are better compared to natural clay liners. These factors will lead to potential growth of the market.
Conservation of Environment to Damage Market Growth
The global pond liner market will be facing certain restrains in the future that might affect the market growth of the same. Damaged pond liner raises the question of disposal. Disposing pond liner is an issue as it does not decompose in itself. This majorly affects the ecosystem. Decomposing pond liner leads to emission of toxic substances and gases. Rising concern regarding environment conservation leads to serious damage to the market. These factors will hamper the market growth. Pond liner is being substituted with geosynthetic clay liner to promote ecofriendly activities. This can cause serious threat to the global pond liner market. Increasing demand for bituminous membrane in landfill and waterproofing will also hamper the market growth.
The information in this review is based on the findings of a report by Transparency Market Research, titled “Pond Liners (Raw Materials - Polyvinyl Chloride (PVC), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber, Polyurea, Polyester, and Polyethylene; End-use Industries - Potable Water, Floating Baffles, and Oil Spill Containment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
The global pond liners market is segmented as follows:
By Raw Material
- Polyvinyl Chloride (PVC)
- Ethylene Propylene Diene Monomer (EPDM)
- Butyl Rubber
By End-Use Industry
- Potable Water
- Floating Baffles
- Oil Spill Containment
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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