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Rising demand for pond liner in artificial lakes and ponds is driving the market. Artificial lakes and ponds enhance the aesthetic appeal of the residential or commercial area and have been gaining great traction since the past few years. In addition to this, the rising disposable income and rising expenditure by occupants towards bolstering the visual appeal of their surrounding area is anticipated to propel the demand for pond liner in the forecast period. Moreover, the rising demand for agricultural pond liner to facilitate salt farming efficiently is likely to provide impetus to the market.
AGRU, one of the leading players in the market, provides its customers with comprehensive range of geomembranes formed of PE, FPO, and FPP. While AGRU's AGRUFLEX tunnel liners facilitate daily mobility, AGRUFLEX pond liners and RELAX pool liners ensure bathing fun. The materials for pond liners include polyvinyl chloride and butyl rubber, among others, and some of the leading butyl rubber manufacturers include Exxon Mobil Corp (NYSE: XOM) and Lanxess AG.
In terms of region, the Asia Pacific is likely to account for a significant share in the market and is anticipated to witness a healthy growth in the forecast period. The stringent government regulations aimed towards conserving water are likely to augment the market in the region. Furthermore, rapid urbanisation and thriving construction sector in countries like India and China are anticipated to boost the demand for pond liner in the forecast period. Furthermore, the growing popularity of aesthetic ponds in commercial areas such as hotels, shopping malls, and offices, among others is anticipated to further augment the market growth in the forecast period.
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The major players in the global pond liner market are Seaman Corporation, Reef Industries, Inc., Emmbi Industries Limited, AGRU, and Fabric Solutions Australia, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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