NEW YORK, Feb. 4, 2021 /PRNewswire/ -- Award winning market research company Fact.MR's report on the global geosynthetic clay liners market experienced a significant blip in 2020, attributed to disruptions in production cycles across key industries amid the pandemic crisis. Prospects appear positive for 2021, as industries resume production, restoring the demand-supply equilibrium. Going by current trends, prospects for the upcoming decade are optimistic, with a strong CAGR predicted for the market.
According to Fact.MR, the market has made significant gains in the historical period, largely attributed to prolific developments in the global mining and construction industries. Growing emphasis on incorporating sustainable material to enhance durability of infrastructure has increased uptake of geosynthetic clay liners in recent years. As per the World Green Building Trends 2018 Report, over 60% of the countries profiled have been incorporating green construction materials. This figure is expected to reach nearly 50% in 2021 in terms of the global average.
Manufacturers are banking on enhanced bentonite production to enhance their expansion prospects. Collectively, the U.S, China, Greece and India account for over 60% of the global bentonite production, thus encouraging players to establish production and distribution networks with leading bentonite producers and deepen their penetration into the market.
"Growing emphasis on ensuring structural stability and durability has prompted intensive research and development activities aimed at improving chemical compositions of various geosynthetic clay liner grades, prompting an increase in the number of new product offerings by prominent manufacturers," comments the Fact.MR analyst.
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Key Takeaways from Fact.MR's Geosynthetic Clay Liners Study
By product, fabric-encased geosynthetic clay liners to generate nearly three-fifths of the revenue
Landfills application to garner maximum geosynthetic clay liners sales, expanding at a strong CAGR
By technology, geosynthetic clay liners are poised to account for over 50% of the revenue, owing to their high durability attributed to enhanced physical and chemical properties
High growth of the construction industry and waste management initiatives to fuel sales across the U.S market
Enhanced manufacturing capacities owing to abundant raw materials availability attracting manufacturers to Germany
China to exhibit robust expansion, attributed to a flourishing mining sector
U.K to register steady Y-o-Y expansion, amid the increasing frequency of upcoming construction projects, such as the London Crossrail
Japan and South Korea to remain attractive growth hotspots
The global geosynthetic clay liners market is interspersed with the following manufacturers: CETCO, Agru America, NAUE Group, GSE Holdings, HUESKER, Terrafix Geosynthetics Inc., Nilex Inc., Laviosa Chemica Mineria, Layfield Group Ltd., Global Synthetics, GEOFABRICS and ABG Ltd. among others. The aforementioned players incorporate advanced coating technologies so as to broaden their portfolios by offering new product lines. Furthermore, strategic collaborations and acquisitions help players expand their market footprint.
For example, Agru America offers AGRUTEX- a nonwoven geotextile product line specifically designed for environmental, civil and mining applications. The product range offers filtration, separation, and protection for other geosynthetics. The other geosynthetic textile it offers is the BlaZbarrier® flame-resistant fabric designed for use in mattress manufacturing in compliance with 16 CFR 1633. These are inherently FR rayon based.
In October 2020, NAUE Group introduced its Secutex® Green 100% biodegradable and mechanically bonded separation and filtration nonwoven geotextile which is manufactured from renewable raw materials, and is highly suitable for application as separation, filtration and protection layers, gardening and landscaping and temporary path & road construction among other areas.
More Valuable Insights on Geosynthetic Clay Liners Market
Fact.MR, in its new offering, presents an unbiased analysis of the global geosynthetic clay liners market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the geosynthetic clay liners market on the basis of product (fabric-encased and geomembrane-supported), technology (reinforced, non-reinforced, and composite laminate), and application (landfills, mining, ponds, construction, fuel spillage containment, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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