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Water Storage Systems Market- Key Driving Factors

The global water storage systems market size is expected to grow from USD 15.6 billion in 2019 and is projected to reach USD 20.5 billion by 2024, at a CAGR of 5.6% from 2019 to 2024. Major drivers of the water storage systems industry include the rapidly growing population, water scarcity, stringent regulation for conservation & consumption for water and others.

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Hydraulic fracture storage & collection application is projected to lead the water storage systems market

Based on the application, the water storage systems industry is segregated into hydraulic fracture storage & collection, onsite water & wastewater collection, potable water storage systems, fire suppression reserve & storage, rainwater harvesting & collection, and others. The other applications of water storage tanks include irrigation, secondary containment systems, and marine. Among these, hydraulic fracture storage & collection accounted for the largest share in 2018. This growth is attributed to the increasing oil & gas activities around the globe, coupled with the rising environmental concerns regarding the availability of water resources for future generations.

Recent Developments 

  • In April 2019, CST Industries, Inc. partnered with Greatario Engineered Storage Systems, an established and recognized market leader in Ontario, Canada, to design and build bolted steel tanks and covers for liquid storage. With this partnership, CST Industries intends to expand its Aquastore brand of storage tanks in six province territories in the western region of Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Yukon, Northwest Territories, and Nunavut.
  • In May 2018, McDermott International acquired Chicago Bridge & Iron Company N.V. (CB&I), headquartered in Hague, the Netherlands, a leading provider of conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services to customers in the energy and infrastructure market.  This business combination with CB&I has transformed McDermott International, Inc. into a top -tier, integrated provider of engineering and construction solutions for the energy industry.

Asia Pacific is projected to be the largest consumer of water storage systems during the forecast period.

By region, the industry is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, Asia Pacific is expected to lead the water storage systems market during the forecast period. This growth is attributed to the scarcity of water, ineffective utilization of water, inefficient recycling of industrial wastewater for reuse, rapidly growing population & urbanization, stringent regulation for water conservation & discharges into the environment, and falling levels of rain, among others.

Key players in the water storage systems market are CST Industries, Inc. (US) and McDermott International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US), Balmoral Tanks Limited (UK), and Synalloy Corporation (US) and 18 others are considered for the study.  

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Wastewater Treatment Services Market Analysis by various regions

The wastewater treatment services market size is estimated to be USD 53.0 billion in 2021 and is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2% between 2021 and 2026. . Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market.

APAC is expected to be the fastest-growing wastewater treatment services market.

The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The wastewater treatment services market is growing significantly and offers opportunities for various industries. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest wastewater treatment services market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.

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The increasing population in the region accompanied with development of new technologies and products are projected to make this region an ideal destination for the growth of the wastewater treatment services market. However, establishing new plants, implementing new technologies, and creating a value supply chain between raw material providers and manufacturing industries in the emerging regions of the APAC are expected to be a challenge for industry players as there is low urbanization and industrialization. Booming power, consumer goods and packaging sectors and advances in process manufacturing are some of the key drivers for the market in the APAC. Countries such as India, Japan, and China are expected to witness high growth in the wastewater treatment services market due to the increasing demand from the food, pulp & paper, chemical, and power & generation industry.

North America is estimated to be the largest wastewater treatment services market

North America is the largest wastewater treatment services market in the world. Key countries in the region include US, Canada and Mexico. As the market in North America is mature, it is projected to grow at a lower CAGR during the next five years. North America has always been a major wastewater treatment services market due to the presence of developed industrial sector in the region. This market is growing more due to adoption of stringent regulations towards environment.

Many economies throughout the world have been adversely hit by the COVID-19 outbreak. Governments throughout the world have imposed partial or complete lockdowns to prevent the spread of the disease and its effects, affecting a wide range of manufacturing and service industries, including water and wastewater treatment.COVID-19 has affected the wastewater treatment services market only in industrial applications in the first two quarters of 2020. According to an article, wastewater treatment services for industrial applications have been impacted because of the pandemic as Industries were shut down due to the lockdown restrictions and there was no production, which in turn reduced the wastewater production.

The key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally The key players operating in the wastewater treatment services market are trying to increase their scope of services to address the increasing demand. Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), and Ecolab (US) are the leading providers of wastewater treatment services, globally.

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COVID-19 impact on Global Geosynthetics Market

Geosynthetics are largely used in waste management, and infrastructure development applications such as railroads, roadways, soil reinforcement and stabilization, heap leach pads, landfills, and containment sites. The basic functions of geosynthetic materials are separation, reinforcement, filtration, drainage, and barrier. The increasing spending on infrastructural development and demand for waste management is expected to offer opportunities for manufacturers during the forecast period.

COVID-19 pandemic has significantly disrupted the global construction sector in 2020, with projects being halted due to lockdown restrictions owing to the non-availability of workforces, supply chain disruptions, country-wide lockdowns, and temporary closures of infrastructure projects, and limited availability of raw materials. Companies have witnessed lower demand for new office spaces, shops, and others which resulted in a decline in revenue. However, due to the easing of the norms by the government with preventive measures such as social distancing and relief funds, the end-use industries are recovering. Moreover, the construction sector was exempted from the lockdown restrictions in a few countries such as Australia as it falls under essential services. In Indonesia,  preventive lockdown measures hampered supply chains, and delays in infrastructure projects are major reasons for the decline in the construction industry in the country. The US construction industry was affected majorly due to the limited availability of raw materials as the imports from various other countries such as China were restricted due to the pandemic. However, stimulus package by various government globally has helped the countries to support the declining economy, which is also expected to support the construction industry and lead to economic recovery post the COVID-19 crisis by boosting infrastructural growth.

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The global geosynthetics market is projected to reach USD 13.2 billion by 2026 from USD 9.9 billion in 2021, at a CAGR of 6.0% between 2021 and 2026 The rising demand for geosynthetics is majorly due to Increasing investments in infrastructural developments, and rising concerns over waste and water management globally. Market growth is largely driven by the increasing population and urbanization, coupled with increasing industrial activities in the APAC and South America which is expected to offer opportunities for manufacturers during the forecast period. Developments in the field of material technology, and growing demand for sustainable products are presenting opportunities for the geosynthetics market.

Geosynthetics market is dominated by APAC in 2020. The region is growing at a faster rate which accounts for the high growth of the geosynthetics market. The emerging market of India, China, and other countries of the APAC are growing and boosting the regional market growth. Rapidly increasing population, urbanization, and industrialization are expected to drive the geosynthetics market in APAC. Rising investment In the development of public infrastructure and growing demand for solid waste management system are the major factors driving the geosynthetics demand in the region.

Key players in the geosynthetics market are SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa ( Italy),  Berry Global  Inc ( US), and Agru America, Inc ( US) are the major players in the market.

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Veolia Water Technologies (France) and Ecolab (US) are the leading players in Wastewater Treatment Services Market

The wastewater treatment services market is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2% from USD 53.0 billion in 2021.

Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market. The growing population of the world is fueling the demand for new wastewater treatment plants and services. Industrial growth is boosting the demand for new wastewater treatment projects. Collectively, the growth in demand for new wastewater treatment plants is pushing the demand for building and installation services market, globally. Continuous operation of the wastewater treatment plant is a major concern in both the manufacturing as well as other industries.

To know about the assumptions considered for the study download the pdf brochure

he key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally The key players operating in the wastewater treatment services market are trying to increase their scope of services to address the increasing demand. Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), and Ecolab (US) are the leading providers of wastewater treatment services, globally.

Players in the wastewater treatment services market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the wastewater treatment services market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Xylem Inc and Suez Group have adopted new product launches to enhance their market position.

Veolia Group designs and manages water services, wastewater treatment, and recovery services for local authorities and industrial customers. The company operates through three business segments, namely, water, waste, and energy. Veolia Water business segment provides the complete range of services required to design, build, maintain, and upgrade water and wastewater treatment facilities and systems for industrial customers and public authorities. It offers a wide range of solutions for the collection and transport of drinking water and wastewater, which includes operating and maintaining water and wastewater treatment networks, collecting wastewater, and designing and building water and sanitation networks. The company operates in Europe, the Americas, Asia, Oceania, the Middle East, and other regions. In October 2020, Veolia Group acquires 30% shares of Suez’s capital from Engie to enhance its water business segment in France.

Ecolab provides water, hygiene, and energy technologies and services across the globe. The company operates through four segments, namely, global industrial, global institutional & specialty, and global healthcare & life sciences and others. Ecolab provides wastewater treatment services through its global industrial business segment. The water unit under the global industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, chemical, primary metals, power generation, pulp and paper, mining, and commercial laundry industries.

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Activated Carbon Filters Market- Analysis of Potential Market Opportunity Worth $330 million by 2025

The activated carbon filters market size is projected to grow from an estimated value of USD 267.3 million in 2020 to USD 330 million by 2025, at a CAGR of 4.4% during the forecast period. The growth in activated cabon filters market is attributed to the stringent regulation on industrial discharge to control water pollution and regulations drinking water quality standards to control water borne dieases. The market growth is also attributed to the rapid urbanization and growth in industrial, food & beverage, pharmaceutical applications. One of the emerging applications of activated carbon filters is gas separation. Activated carbon filters are used to separate components of gas through pressure swing adsorption phenomena (PSA).

Stainless steel shell is the fastest-growing segment of activated carbon filters market

Stainless steel shell was the largest segment of the activated carbon filters markets globally in 2019 in terms of value. The stainless steel shell is anticipated to account for the biggest share of the overall activated carbon filters market during the forecast period. The growth of stainless steel shell activated carbon filters is attributed to its durability and less-corrosive properties. Carbon steel shell activated carbon filters are less durable because of its corrosive nature.

To know about the assumptions considered for the study download the pdf brochure

Industrial water pollution treatment is the largest application of activated carbon filters market

The industrial water pollution treatment application is expected to be the largest, and drinking water purification application is expected to be the fastest-growing segment in the overall market. The global activated carbon filters market is mainly driven by the implementation of stringent regulations by regional governments and environmental agencies to control water pollution. Also, activated carbon filters are used to treat industrial discharge to re-use it in the manufacturing rocess again. Re-use of industrial discharge water and water pollution control are the two major making industrial water pollution treatment the largest application in the market.

APAC is the largest as well as the fastest-growing market for activated carbon filters market.

APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.

The key companies profiled in this report on the activated caron filters market include TIGG LLC (US), Puragen Activated Carbons (US), Cabot Corporation (US), Westech Engineering (US), Kuraray Co. Ltd. (Japan), Lenntech B.V. (The Netherlands), Donau Carbon Corporation (Germany), General Carbon Corporation (US), Sereco S.R.L. (Italy), Carbtrol Corp (US).

TIGG LLC (US) is one of the leading players in the activated carbon filters market and a subsidiary of Newterra Ltd. The company offers a wide range of standard and custom made granular activated carbon adsorption and filtration systems. It provides filtration equipment for liquid and vapor treatment solutions for industrial manufacturing, municipal water treatment, air filtration, water filtration, environmental remediation application, and activated carbon & media exchange services. It is fully certified with ASME code shop and has both National R and ASME U stamp certifications.

Puragen Activated Carbons (US) is one of the major players in the activated carbon filters market. The company provides activated carbon filters under the brand name OxGuard. Its high-grade carbon steel filtration vessel, meets material standards of FDA (Food & Drug Authority), EPA (Environmental Protection Agency), and AWWA (American Water Works Association). The company provides activated carbon filtration equipment to a wide variety of markets and applications, such as water filtration, air filtration, chemical manufacturing, decolorization and impurity removal in food & beverage, and pharmaceutical industries.

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Geomembranes Market Dynamics- Forecast 2025

The global geomembranes market size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. The major driving factors are increasing mining activities in APAC and South America and the growing concerns towards waste and water management activities.

To know about the assumptions considered for the study download the pdf brochure

Driver: Increased mining activities in APAC and South America

Rapid industrialization and urbanization in key countries such as China and India have spurred the demand for metals and minerals in the past few years. Other countries in APAC that have attracted significant mining investments include Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia. South America is also a high-growth region for the mining industry. It has become a preferred destination for mining investments by major global mining companies. Key countries such as Brazil, Peru, and Chile have large mining capacities and have witnessed increased investments from foreign companies over the past five years. The mining industry is one of the major consumers of geomembranes. Geomembranes are used to help recapture and recycle the harmful chemicals being used in solution to treat ponds and secondary containment applications. This is expected to drive the geomembranes market during the forecast period.

Restrain: Fluctuating raw material prices on account of volatility in crude oil prices

Volatility in crude oil prices is one of the major restraining factor for geomembranes manufacturers. Most raw materials for geomembranes are petroleum-based and are vulnerable to fluctuations in crude oil prices.  The rise or fall in crude oil prices directly impacts the price of the raw materials required for geomembranes. Manufacturers have to cope with high and volatile raw material costs, which reduce their profit margins. This scenario has compelled market players to enhance the efficiency and productivity of their operations to sustain growth and retain market share.

Opportunity: Increasing spending on infrastructure development

Infrastructure development includes creating water supply and treatment plants, roads, tunnels, dams, railways, airports, bridges, telecommunication networks, schools, and hospitals. According to the Confederation of International Contractors’ Associations (CICA), the output for residential and non-residential (including commercial, industrial, and others) infrastructures will grow by 85%, in terms of volume, to reach USD 15.5 trillion by 2030. There are a multitude of applications for geomembranes within construction sector.. The long shelf-life along with good physical & mechanical properties of geomembranes will work in favor of the market. Thus, growing infrastructural developments, are expected to create growth opportunities for the geomembranes market during the forecast period.

Based on region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. North America geomembranes market was the largest market in 2019. Market growth is primarily due to enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to well-established manufacturing and construction sector of the region.

Major vendors in the geomembranes market include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US).

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Industrial water pollution treatment is the largest application of activated carbon filters market

The activated carbon filters market size is projected to grow from an estimated value of USD 267.3 million in 2020 to USD 330 million by 2025, at a CAGR of 4.4% during the forecast period. The growth in activated cabon filters market is attributed to the stringent regulation on industrial discharge to control water pollution and regulations drinking water quality standards to control water borne dieases. The market growth is also attributed to the rapid urbanization and growth in industrial, food & beverage, pharmaceutical applications.

To know about the assumptions considered for the study download the pdf brochure

The industrial water pollution treatment application is expected to be the largest, and drinking water purification application is expected to be the fastest-growing segment in the overall market. The global activated carbon filters market is mainly driven by the implementation of stringent regulations by regional governments and environmental agencies to control water pollution. Also, activated carbon filters are used to treat industrial discharge to re-use it in the manufacturing rocess again. Re-use of industrial discharge water and water pollution control are the two major making industrial water pollution treatment the largest application in the market.

Stainless steel shell is the fastest-growing segment of activated carbon filters market.

Stainless steel shell was the largest segment of the activated carbon filters market globally in 2019 in terms of value. Stainless steel shell is anticipated to account for the biggest share of the overall activated carbon filters market during the forecast period. The growth of stainless steel shell activated carbon filters is attributed to its durability and less-corrosive properties. Carbon steel shell activated carbon filters are less durable because of its corrosive nature.

APAC is the largest as well as the fastest-growing market for activated carbon filters market.

APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.

The key companies profiled in this report on the activated caron filters market include TIGG LLC (US), Puragen Activated Carbons (US), Cabot Corporation (US), Westech Engineering (US), Kuraray Co. Ltd. (Japan), Lenntech B.V. (The Netherlands), Donau Carbon Corporation (Germany), General Carbon Corporation (US), Sereco S.R.L. (Italy), Carbtrol Corp (US).

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Geomembranes Market worth $3.2 billion by 2025, at a CAGR of 8.3%

The global geomembranes market size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. The major driving factors are increasing mining activities in APAC and South America and the growing concerns towards waste and water management activities.

To know about the assumptions considered for the study download the pdf brochure

The HDPE is expected to hold the largest market size in the global geomembranes market

HDPE, LDPE & LLDPE, PVC, EPDM, and PP are the major types of geomembranes available in the market. HDPE are the largest and fastest-growing segment in terms of value. These membranes are cost-effective and are used widely in all regions. They are designed to be used in applications, which require excellent chemical & UV resistance at an affordable cost. Their robust performance in critical applications is expected to help their high growth during the forecast period.

The waste management application is expected to grow at the highest CAGR in the global geomembranes market

Mining, waste management, water management, and civil construction are the major applications in the geomembranes market. Of these, waste management is estimated to be the fastest-growing application during the forecast period. Geomembranes are essential for controlling the leakage of contaminated gas and liquid into the surrounding environment. They are ideally used in landfill caps, landfill covers, landfill liners, temporary landfill closures, animal waste containment, and sludge treatment application due to their ability to accommodate differential settlement in the waste pile.

North America is expected to hold the largest market size in the global geomembranes market during the forecast period

Based on region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. North America geomembranes market was the largest market in 2019. Market growth is primarily due to enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to well-established manufacturing and construction sector of the region.

Major vendors in the geomembranes market include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US).

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Top Recent Developments in Water Storage Systems Market

In terms of value, the global water storage systems market size is estimated to be USD 15.6 billion in 2019 and projected to reach USD 20.5 billion by 2024, growing at a CAGR of 5.6% from 2019 to 2024. Rapidly increasing population, water scarcity, ineffective water management, recycling of industrial wastewater, increasing urbanization, stringent regulation for conservation & consumption of water, and falling levels of rainfall are among major drivers for the growth of the water storage systems industry.

By region, the industry is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, Asia Pacific is expected to lead the water storage systems market during the forecast period. This growth is attributed to the scarcity of water, ineffective utilization of water, inefficient recycling of industrial wastewater for reuse, rapidly growing population & urbanization, stringent regulation for water conservation & discharges into the environment, and falling levels of rain, among others.

Major companies operating in the water storage systems market include CST Industries, Inc. (US) and McDermott International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US), Balmoral Tanks Limited (UK), and Synalloy Corporation (US), among others. Moreover, these companies hold a potential share in the water storage systems industry.

Recent Developments 

  • In May 2018, McDermott International acquired Chicago Bridge & Iron Company N.V. (CB&I), headquartered in Hague, the Netherlands, a leading provider of conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services to customers in the energy and infrastructure market.  This business combination with CB&I has transformed McDermott International, Inc. into a top -tier, integrated provider of engineering and construction solutions for the energy industry.
  • In April 2019, CST Industries, Inc. partnered with Greatario Engineered Storage Systems, an established and recognized market leader in Ontario, Canada, to design and build bolted steel tanks and covers for liquid storage. With this partnership, CST Industries intends to expand its Aquastore brand of storage tanks in six province territories in the western region of Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Yukon, Northwest Territories, and Nunavut.
  • In January 2018, CST Industries, Inc. announced the expansion of its product portfolio with pre-configured epoxy coated storage tank systems. The company launched Vulcan; a pre-engineered, pre-configured flat panel bolted storage tank line. The storage tank is made available in capacities of 15 cubic meters to 3,000 cubic meters and is designed specifically for the municipal water, wastewater, and fire protection markets.

Don’t miss out on business opportunities in Water Storage Systems Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

5 Recent Development in Activated Carbon Filters Market

The global activated carbon filters market size is estimated at USD 267 Million in 2020 and is projected to reach USD 330 Million by 2025, at a CAGR of 4.4%, between 2020 and 2025. Activated carbon filters are used to remove organic compounds, and free chlorine from water to make it suitable for drinking and reuse in manufacturing processes or to discharge in water bodies. They are used to remove organic elements, such as humic acid and fulvic acid from potable water to prevent the formation of trihalomethanes, a class of carcinogens. They are also used for air/gas filtration in various industries. The filter media, which is used in the filtration process is activated carbon, also known as activated charcoal. Activated carbon is a form of carbon that removes organic compounds from liquids and gases by a process known as “adsorption”. It is extremely porous and thus has a very large surface area available for adsorption.

To know about the assumptions considered for the study download the pdf brochure

The key players in the activated carbon filters market are TIGG LLC (US), Puragen Activated Carbons (US), Cabot corporation (US), Westech Engineering (US), Kuraray Co. Ltd. (Japan), Lenntech B.V. (The Netherlands), Donau Carbon Gmbh (Germany), General Carbon Corporation (US), Sereco SR.L. (Italy), Carbtrol Corp (US). The activated carbon filters market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2019, which include expansions, new product developments, and collaborations.

Recent Developments 

  1. In January 2020, Kuraray expanded its Mississippi (US) activated carbon plant, which will increase the capacity of the plant by 50 million pounds of granular activated carbon (GAC) annually. GAC is used as filter media in activated carbon filters. This expansion will help the company to cater to the growing needs of activated carbon filters in the North American region.
  2. In April 2020, Cabot Corporation acquired Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN) (China). This acquisition will help the company to strengthen its market position in the APAC region.
  3. In November 2019, Cabot Corporation has expanded its carbon black production facility at Cilegon, Indonesia, by adding 80,000 metric tons of additional annual production capacity. This expansion is aimed at the company’s global expansion strategy to increase its global footprint.
  4. In October 2019, Newterra Ltd. (US), a leading supplier of water solutions to industrial, municipal, and environmental remediation sector, acquired TIGG LLC (US). TIGG LLC will cater to its customers by offering a broad range of filtration solutions and extend its distribution network in the North American region with this acquisition.
  5. In September 2018, Kuraray acquired Calgon Carbons Corporation (US). The company strengthened its position in North America and the global activated carbon filters market with this acquisition.

APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.

Don’t miss out on business opportunities in Activated Carbon Filters Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Raven Industries (US) and Atarfil (Spain) are Leading Players in the Geomembranes Market

The global geomembranes market size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. The major driving factors are increasing mining activities in APAC and South America and the growing concerns towards waste and water management activities.

The APAC is expected to be the fastest-growing market during the forecast period. It is projected to register a CAGR of 9.6% between 2020 and 2025. Market growth in this region is primarily due to its rapidly growing population and increasing urbanization and industrialization. These factors are rapidly driving the demand for waste and water management projects in the region. Developing economies, such as India, China, South Korea, and Australia, are investing in various mining and infrastructural development projects that are also driving the market

The major geomembranes vendors include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment   (Canada), and US Fabrics (US). These players have adopted various growth strategies, such as investment, expansion, merger, and acquisition, to expand their presence in the geomembranes market further. Expansion and acquisitions have been the most dominating strategy adopted by major players from 2017 to 2020, which helped them broaden their production capabilities and customer base.

To know about the assumptions considered for the study download the pdf brochure

Raven Industries (US) is a major player in the geomembranes market and invests strongly in strategic developments. It has adopted expansion and acquisition as its key growth strategies in the recent years.  In January 2020, the company opened a new facility in Waynesboro, Virginia. This expansion will help the company to provide a heightened level of service and faster product delivery to customers of its energy, geomembrane, and construction markets in the East Coast region of the US.

Atarfil (Spain) is progressing in the geomembranes market by focusing on acquisition and expansion strategy. The company established its first US manufacturing & distribution facility in Suffolk, Virginia, in September 2017. Atarfil invested around USD 5.1 million for this expansion. This new facility helped the company serve the US market.

Solmax (Canada) is a leading geomembranes manufacturer. The company aims to become the global expert in geosynthetics for the environmental containment and civil engineering markets. The company emphasizes the development of innovative products that are more reliable, stronger, resistant to contaminants, and affordable, even in developing countries.

AGRU (Austria) is a leading geomembranes manufacturer, boasting a wide product portfolio and application-oriented solutions. It has a global presence and serves various industries through its lining systems product group. It also has a strong sales networks which helps the company supply products in more than 150 countries.

Don’t miss out on business opportunities in Geomembranes Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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