Geosynthetic Clay Liner (GCL) Market To Grow At A CAGR Over 8% From 2015 to 2022: Grand View Research, Inc.

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Global Geosynthetic Clay Liner (GCL) market is expected to witness significant growth over the forecast period owing to its applications in civil engineering. Global geosynthetic industry was estimated over 6,000 million square meters in 2014 and projected to grow at a CAGR exceeding 8% from 2015 to 2022. Rising awareness towards environmental protection projects by various countries is expected to open new avenues over the forecast period.

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Geosynthetic clay liner, also called as clay blanket, is a fabric-like material primarily employed for lining of landfills. It is a hydraulic barrier consisting of two or more layers of geosynthetics. Exceptional product characteristics in GCL such as excellent chemical-resistance and self sealing property that are not found in conventional bottom liners and covers are expected to offer the product a distinctive competitive advantage in the market over the forecast period. Cost-effectiveness of the product as compared to fiber and metal is expected to propel the demand. Government policies offered for geosynthetic applications are expected to fuel growth over the next seven years.

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The product has major advantages including low hydraulic conductivity with easy and fast installation, which is expected to have a positive impact on the industry over the forecast period. It is used as a lining solution for solid waste landfills owing to its low permeability and increased amount of usable space. Furthermore, the product offers chemical resistance and U.V. protection for hazardous solid landfills, which is expected to propel demand. Increasing application of GCL in soil reinforcement and erosion control is anticipated to drive market growth over the next seven years.

It is utilized for onsite water treatment facilities and water storage, which is expected to promote growth over next seven years. Rising demand for clean water for industrial and domestic applications is expected to open new avenues for the product over the forecast period. Increasing demand for GCL in mining sector for corrosion and leakage prevention is expected to provide new opportunities for market development. The product is used for lining of oil & gas, cooling, chemical storage, and brine ponds. Increasing concerns regarding oil & gas safety and its environmental impacts are expected to drive growth over the next seven years. Increasing application of the product as a barrier to oil spills is expected to drive the growth over the forecast period.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/personal-care-and-cosmetics

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Company Name: Grand View Research, Inc.
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Website: http://www.grandviewresearch.com/industry-analysis/geosynthetic-clay-liner-market

Source: GetNews

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