Geomembrane Market Size Worth $2.43 Billion By 2025

The global geomembrane market size is expected to reach USD 2.43 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.9% over the forecast period. Expansion of the agriculture sector and increasing production capacity of shell gas are the major growth drivers.

Geomembrane can be used as a lining system in commercial buildings, residential structures, and infrastructure. Booming construction sector in South East Asia is projected to benefit the market expansion. Indonesia, Malaysia, Thailand, and Vietnam are expected to witness growth owing to increasing construction spending for developing residential and commercial buildings. Indonesia is one of the most populous countries in the world and the construction sector plays an important role in its economy.

China’s National Energy Administration (NEA) and the Chinese Government plans to accelerate the advancement of the country’s shale gas industry. The Chinese Government further supports the development process by offering financial support to qualifying developments. In addition, presence of large shale gas reserves in China, Australia, and India is expected to drive the shale gas market.

Booming metals and mining sector in emerging countries is estimated to benefit market expansion in the forthcoming years. India will witness significant surge in the metal and mining sector owing to infrastructural development, rising automotive production, and growth of power and construction sector. Ample resources including iron ore, bauxite, and coal are expected to create new opportunities over the forecast period. Presence of major players including Coal India Limited, Hindalco, National Mineral Development Corporation Ltd., NALCO, BALCO, Singareni Collieries Company, Reliance Natural Resources, and SAIL will propel the mining sector growth in the country.

Rising importance of geosynthetic materials in the construction and mining sectors on account of favorable properties, such as drainage control, containment, and landfill control, has compelled companies to increase their expenditure on the development of new products, including geosynthetic clay liner and geonets.

Geosynthetic clay liner is expected to remain one of the superior products that finds applications in providing landfill cover as well as containment control in the mining and construction industries. It can be used in numerous applications including highway and civil construction, mining, ponds, landfill, secondary containment, and landfill caps.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/geomembrane-market

Further key findings from the study suggest:

In terms of revenue, HDPE raw material segment is anticipated to reach USD 762.3 million by 2025 at a CAGR of 4.7%
In terms of revenue, waste management application segment is projected to expand at a CAGR of 4.5% over the forecast period
In terms of revenue, mining application segment led with a market share of 39.4% in 2018
The Europe geomembrane market is anticipated to reach 241.1 million square meters by 2025
In terms of revenue, Middle East and Africa is projected to register a CAGR of 6.0% over the forecast period. Growth of mining sector is projected to contribute to the regional expansion
Some of the key companies present in the market are CETCO; GSE Holding, Inc.; Geofabrics Australasia Pty. Ltd; AGRU Kunststofftechnik GmbH; and Carthage Mills Erosion Control Company, Inc.

North America PVC Films Market Size Worth $2.7 Billion By 2027

The North America PVC films market size is anticipated to reach USD 2.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.6% from 2020 to 2027. The adoption of Polyvinyl Chloride (PVC) films in the packaging of food and beverages is increasing as these films provide a cost-effective and flexible packaging solution to the consumers.

Food and beverage is the most prominent market for the packaging industry. Growth in the population (via immigrations), rise in the working women population, increase in disposable income, and hectic work-life schedules have macro economically boosted the demand for ready-to-eat food products, packaged meals, and outdoor dining.

North America is considered to be one of the major and technologically advanced regional markets for PVC films as compared to other regions, such as the Asia Pacific and Africa. The recent outbreak of COVID-19 has resulted in the slowdown or halt in manufacturing activities, restrictions on supply and transport, and the slowdown of infrastructure projects, which is expected to negatively impact the demand for PVC films in the fourth quarter of 2020.

Building materials are among the prominent end uses of PVC films in North America. The economic growth of the region has driven government spending on construction. Moreover, the rise in annual incomes and urbanization have driven the construction activities of residential buildings. According to the Census Bureau of the U.S., the total value of construction put into place in July 2019 was USD 1,366,042 million. It increased to a value of USD 1,436,727 million in March 2020. However, it declined to USD 1,364,565 million in July 2020 due to the unprecedented outbreak of COVID-19 in the country.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/north-america-polyvinyl-chloride-pvc-films-market

Further key findings from the report suggest:

The packaging segment was the largest end-use segment in 2019. PVC-based shrink wraps are used for preventing the products from getting spoiled in retail and shipping environments owing to their inexpensiveness, multi-purpose capabilities, and lightweight properties
The rising need for sustainable and durable packaging products is anticipated to drive the demand for PVC films in the food packaging industry
By product, monomeric flexible PVC films are expected to expand at a CAGR of 3.1% in terms of revenue from 2020 to 2027. These films are best suited for indoor flat applications and have an outdoor durability of 3-4 years for black and 2-3 years for colored products
As of 2019, the U.S. accounted for more than 70.0% share of the regional revenue. Increasing demand for PVC films in the medical applications for manufacturing capsules, tablets, drainage bags, and other medical equipment is assisting the market growth in the country.

Purging Compound Market Worth $707.9 Million By 2025

The global purging compound market size is expected to reach USD 707.9 million by 2025, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The growing plastic processing machinery industry in Asia Pacific is anticipated to be a major driving force triggering market growth.

Injection molding segment has been observing noteworthy growth in the purging compound industry. The growing demand for the mass production of various injection molded parts from end-use industries such as automotive is likely to have a positive impact on the demand for purging products in the industry.

Fluctuating raw material prices are predicted to be the major restraints during the forecast period due to volatility associated with world oil price and production. In addition, the high prices of purging compound are expected to restrain the market growth.

Companies have been adopting various strategies including expansions, acquisitions, mergers, agreements, and joint ventures. For instance, in September 2017, the Dow Chemical and DuPont merged to form Dow DuPont in order to enhance their product offerings and solutions.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/purging-compound-market

Further key findings from the report suggest:

Injection molding segment is projected to register the fastest CAGR of 6.8%, in terms of revenue, from 2017 to 2025 on account of high demand for the product from the plastic processing machinery market
Extrusion segment appeared as the major process in 2016 in the U.S. market and is expected to denote a CAGR of 4.9% over the forecast period, in terms of revenue, on account of the growing automotive, construction, and packaging industries
Mechanical segment accounted for the major market share of 50.0% in 2016 and is predicted to witness significant growth from 2017 to 2025. The compounds are highly effective in the removal of pollutants and safe to use.
Central & South America accounted for a market share of 11.1% in 2016 in terms of revenue. The region is anticipated to witness considerable growth from 2017 to 2025 due to the growing demand from the construction and automotive industries in Brazil and Argentina.
The Asia Pacific purging compound market is likely to expand at the fastest CAGR, in terms of revenue, over the forecast period owing to the growing demand for the product from economies including China, Japan, and India
Competitors have been implementing various approaches to strengthen their position in the market. Expansions and acquisitions are the key strategies adopted by market players over the past years. For instance, Formosa Plastics Corporation constructed a new polypropylene manufacturing line in the U.S. to increase its production capacity.