Pond Liner Market To Witness Immense Growth Owing To Increasing Necessity To Save Water Lost Through Surface Leaching

Pond liner market to witness immense growth owing to increasing necessity to save water lost through surface leaching

11-May-17

Ponds are considered scenic and therefore featured in the landscaping of commercial and residential properties, as they provide a sense of serenity and a peaceful atmosphere. They are created out of a wide variety of materials in different sizes, styles, and shapes to help produce a natural environment featuring different accessories such as fish and flowers. An important element in the construction of ponds is the liner which helps retain water by acting as a barrier between the ground and pond water. Pond liners can be defined as an impermeable waterproof material or geomembrane used for water retention in both artificial and natural water bodies such as lakes, streams in parks & gardens, and ponds. They are generally manufactured in large rolls using a variety of distinct materials such as reinforced polyethylene, polyvinyl chloride, and rubber. A recent development in this market has been the installation of underlay on the surface of the excavated pond, acting as a barrier between the surface and pond liner. It protects the liner from sharp objects that could puncture it and reduce its efficiency.

As per Transparency Market Research, the pond liners market is anticipated to witness immense growth during the forecast period owing to the increasing necessity to save water lost through surface leaching. Easy availability of pond liners and low cost of installation are the factors propelling this market. Lack of awareness among farmers to use liners in their agricultural ponds is one of the factors hindering the development of this market in emerging economies such as Brazil, China, and India. Among the raw material types the polyethylene segment held a significant share in the pond liners market in 2016 and is projected to maintain its leading position during the forecast period. This is attributed to its superior properties such as durability and puncture resistance. Polyethylene is followed by EPDM and PVC, as these are the less expensive options available in the market. Polyurea constitutes a minimal share in the market for pond liners as it is highly expensive and new. Although demand for pond liners is increasing, some factors could hinder their growth during the forecast period. For instance, most pond liners are made from byproducts of crude oil which renders them non-biodegradable and a cause of soil pollution.

Geographically, Asia Pacific accounted for a key share in the pond liner market in 2015. The market in this region is expected to expand at a significant pace owing to the actions taken by the government to save natural water bodies, the increasing disposable income of consumers, rapid urbanization leading to the construction of garden ponds, and the presence of emerging economies in the region. The markets in Europe and North America are mature and predicted to witness moderate growth during the forecast period. The presence of major pond liner manufacturing companies such as GSE Holding, Solmax, and AGRU in these regions is likely to offer growth opportunities during the forecast period.