Global Pond Liners Market Will Reach USD 2,100 million by 2024: Zion Market Research

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New York, NY, April 16, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled .

According to the report, global  was valued more than USD 1,000 million in the year 2016 and it is expected to reach approximately USD 2,100 million by 2024. The global pond liners market is expected to exhibit a CAGR of more than 8.5% between 2017 and 2024.

The global increase in the water conservation activities is the primary factor that is driving the pond liners market. Increase in the building of the artificial ponds or lakes in the commercial and residential places also contribute to the growth of the market.

Based on the raw material, polyvinyl chloride (PVC) segment holds the largest share in global pond liners market followed by ethylene propylene diene monomer (EPDM). Polyvinyl chloride (PVC) accounted for a significant market share of above 27% in 2016 due to its cost-effectiveness and tremendous resistance against punctures, scratch, and industrial chemicals. By using polyvinyl chloride (PVC) a wide range of field seaming choices is offered including hot wedge, dialectic processes, chemical, and hot air. Furthermore, additional benefits such as ease of installation and long durability will contribute to the increasing popularity of polyvinyl chloride (PVC) during the forecast period. 

By density of materials, HDPE (High-Density Polyethylene) segment anticipates witnessing the highest growth rate during the forecast period. The high-density polyethylene is the most commonly fabricated type of membrane. HDPE is used for high-end applications where there is a requirement for superior chemical and physical properties. LLDPE (Linear Low-Density Polyethylene) held the second largest market share of more than 25% in 2016 in terms of revenue in global pond liners market, owing to its elongation properties.

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By service type, the deployment and integration services held the largest market share of more than 45% in 2016 in the global pond liners market. As this segment anticipates witnessing the highest CAGR the segment will retain its dominance in the forecast period. However, there will also be an increasing demand for the support and maintenance services owing to the growing need for after installation services in pond liners industry.

The market is growing at a rapid pace in the developing regions. Though North America dominates the pond liners market, Asia Pacific region anticipates having an influential share over the next few years. The increase in the water and waste management activities will propel the growth of pond liners market in the Asia Pacific. 

The major market players in the pond liners market are AGRU, BTL Liners, Carlisle, Emmbi Industries Limited, Firestone, GSE Environmental LLC, HongXiang New Geo-Material Co. Ltd., Huadun Snowflake, HiTech Rubber, Isan Exim Plastomech Private Limited, Laiwu Zhongxing Geotextile, Mono Industries, NAUE, Nylex (Malaysia) Berhad, Officine Maccaferri, PLASTICA KRITIS SA, Reef Industries Inc., Seaman Corporation, Siddhivinayak Plastic Industries, Solmax International, Sotrafa, and Stephans Industries Limited, among others.

The global pond liners market is segmented on the basis of the raw material, the density of the material, services, manufacturing method, end-use industry, applications, and the geographical regions.

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Globe Newswire: 13:52 GMT Monday 16th April 2018

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