Pond Liners Market To Report Lucrative Growth, Revenue To Surge To US $2,100 Million By 2024
With the presence of a large pool of participants, the global pond liners market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). AGRU, BTL Liners, Carlisle, Emmbi Industries Limited, Firestone, GSE Environmental LLC, HongXiang New Geo-Material Co. Ltd., and Huadun Snowflake are some of the key vendors of pond liners across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the pond liners market study.
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Citing an instance, largest pond in William Land Park of Sacramento reopened in January 2018 after its complete refurbishment for nearly 16 months. Reportedly, the water in the pond is found to be clean as compared to its brown opaque color witnessed before renovation of the pond. For the record, pond liners were used during the process of renovation as they are used for keeping the water from seeping into the soil.
As estimated in this report, the global pond liners market stood at US$ 1,000 million in the year 2016. Witnessing a tremendous rise during the period from 2017 to 2024, the revenue in this pond liners market is expected to reach US$ 2,100 million by the end of the forecast period. The main raw materials available in this pond liners market are Polyvinyl Chloride, Ethylene Propylene Diene Monomer, Butyl Rubber, Polyurea, Polyester, and Polyethylene. Among them, the demand for polyvinyl chloride is relatively higher and the trend is anticipated to remain so over the next few years, notes the pond liners market research report.
Prominent Need For Preserving Water To Drive Pond Liners Market Price
“Rampant rise in water conservation activities witnessed across the globe is the key factor driving the growth of pond liners market,” says the author of this study. Apart from this, rise in the construction of artificial ponds or lakes across commercial and residential sites is set to contribute tremendously towards the surge of pond liners market, both in terms of volume and size in the years ahead.
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Flourishing Waste & Water Management Activities To Spur Regional Dominance
Regionally, North America has been leading the worldwide pond liners market and is anticipated to continue on the dominant position in the years to come, states the pond liners market study. The prominent increase in waste and water management activities in the region is the main factor behind the dominance of the North America pond liners market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional pond liners market.
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