Market Trends of Geomembranes Industry
This section covers the major market trends shaping the Geomembranes Market according to our research experts:
Waste Management Segment to Dominate the Market
- The water management application dominated the global market in the recent past. From ponds and canals to reservoirs, geomembranes have applications everywhere. With more than 50,000 dams worldwide and many more under construction, the use of geomembranes for water preservation is high.
- However, with the declining freshwater supplies, the need for water management is higher than ever.
- Seepage is a major source of water loss in conveyance schemes. However, this loss could be significantly curtailed through proper lining.
- As concerns about water conservation are on the rise, the demand for geomembrane too is expected to rise at a rapid pace over the forecast period.
- The demand for geomembrane is also increasing in canal lining applications, due to the growing need for the efficient usage of water and the remediate groundwater levels. Various countries in Asia-Pacific, such as China, India, and Uzbekistan, are generating the largest demand for geomembranes to be used in the canal lining application.
- These positive factors are expected to drive the usage of geomembrane in the water management industry over the forecast period.
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Germany to Dominate the European Region
- Germany has been hit by new coronavirus outbreaks in late March and April 2021 and has approved supplementary budgets or extended financial support for businesses, affected workers, and the health care system.
- German Chancellor Angela Merkel is about to bow out as head of Germany after 16 years, marking the start of a new era for the country's economy. Taxation and spending could increase as political leaders double down on digitization and climate policy, thus wariness about rising government debt may take a back seat.
- The increasing water treatment activities, primarily in the northern region of the country, are boosting the demand for the membrane technologies market. This importance has led to efficient water and wastewater treatment methods, and nearly 100% of the wastewater in Germany is treated to meet the highest standards set by the European Union.
- Germany has more than five billion cubic meters of sewage water, which is generated, each year by private households, industry, and trade. Approximately three billion cubic meter of rainwater from paved surfaces and roads are discharged into sewage treatment plants, with a considerable additional amount of infiltration water entering the sewer system through leaks.
- Moreover, the green agriculture movement in Germany is growing fast, pushing the nation for an eco-friendlier agricultural sector. The huge size, coupled with the growing momentum, is projected to gain traction for the market studied in agricultural applications market in the country during the forecast period.
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