The global market of pond liners is forecasted to
see a steady upswing in the years to come. At present, the number of
players operating in the market are relatively less, but going
forward their number may increase since the product can be used in
different applications in various end-use industries. This would
provide more room to manufacturers to grow. Companies producing pond
liners, for example, are already focusing on product development to
bolster their positions. They are trying to come up with improved raw
materials that have high degree of resistance to corrosion and are
eco-friendly as well.
Some of the prominent companies operating in the
global pond liners market are Emmbi Industries Limited, Reef
Industries Inc., Stephans Industries Limited, BTL Liners, and Western
Environmental Liner.
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As per a report by Transparency Market Research,
the global pond liners market will rise at a CAGR of 8.9% from 2017
to 2025 to become worth US$2.32 bn by 2025 from US$ 1.09 bn in 2016.
Pressing Need of India and China to Conserve
Water Propels Growth in Asia Pacific Market
Depending upon raw materials, the global pond
liners market can be segmented into polyvinyl chloride (PVC),
ethylene propylene diene monomer (EPDM), butyl rubber, polyurea,
polyester, and polyethylene. Among them, PVC has seen increasing
uptake in the past couple of years. This is because PVC sheets are
affordable, easily available, water proof, flexible, and adapt to the
shape of the pond in which they are laid. The PVC segment accounted
for over 20.0% share in 2016.
Geographically, the key segments of the global
pond liners market are North America, Latin America, Europe, Asia
Pacific, and the Middle East and Africa. Asia Pacific, of them,
currently, constitutes a significant share in the market and in the
years ahead is slated to grow further slightly by clocking maximum
CAGR of 9.1% between 2017 and 2025. Swift pace of urbanization and
the changing trends in building and construction industry is majorly
fuelling demand in the region. Fast-expanding populous nations of
India and China are powering the market in the region on account of
their pressing need to conserve water for human consumption.
Rising Applications Drive Market
Pond liners are finding applications in different
end-use industries, namely potable water, oil spill containment,
floating baffles, aquaculture, agriculture, etc. This is because of
their properties such as abrasion resistance and corrosion
resistance. Rising concerns about water conservation is expected to
drive the market in the future. Currently, Asia Pacific and Europe
have a well-developed pond liners market and the trend is expected to
stay constant in the future as well.
“Other applications such as building and
construction is expected to contribute towards the rise in demand for
pond liners. There has been a demand or rise in the construction of
artificial ponds or lakes in gardens or even at residential
complexes, accelerating the growth rate further,” explains the lead
analyst of the report.
Posing a roadblock to the global pond liners
market, on the other hand, are issues related to their disposal once
they are damaged. These materials do not decompose by themselves and
affect various ecosystems by emitting toxic gases and substances.
This affects the surrounding ecosystem and hence can cause the market
growth to slow down on account of environmental concerns.
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This review is based on the findings of a TMR
report, 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.”
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