Rapid growth of the construction and mining industry, especially in emerging countries, is a major factor driving market revenue growth
The global Geomembrane Market size is expected to reach USD 3.42 Billion in 2030 and register a revenue CAGR of 5.1% over the forecast period, according to the latest report by Reports and Data. Rising industrialization and urbanization, increasing popularity of geosynthesis in developing regions, such as APAC and LAMEA, and rising concerns regarding waste management are major factors driving market revenue growth. In addition, growing pollution levels and promotion of circular economy by various governments are other factors driving revenue growth of the geomembrane market. Geomembrane liners are increasingly utilized in civil, mining, and transportation infrastructure projects owing to the ability of material to handle various engineering issues related to erosion control and containment.
Operators are exploring for safer and more environment-friendly Tailings Storage Facility (TSF) building techniques since demand for metals produced by mines is growing. Utilizing customized geomembranes, which offer all advantages of a standard geosynthetic liner while also permitting building of steeper slopes for more affordable tailings storage facilities, is one of the key factors driving market growth. Polymer resins and additives including fillers, carbon black, lubricants, antioxidants, and plasticizers are used to produce geomembranes. When fitted properly, these thin thermoplastic sheets are pliable, have a low permeability and are strong. By limiting fluid movement and guaranteeing containment, use of geomembranes as a liner in TSFs contributes to the maintenance of construction's integrity.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Geomembrane market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Top Leading Players: AGRU Kunststofftechnik GmbH, ATARFIL Geomembranes, Naue GmbH Co. KG, Atricure, Inc., Carthage Mills, Inc., Solmax, Plastika Kritis S.A., Carlisle SynTec Systems, Juta Ltd., and Officine Maccaferri Spa.
Key Companies in the market include:
The High-Density Polyethylene (HDPE) segment accounted for a significantly large revenue share in 2021. Although HDPE geomembrane liners are less flexible than Linear Low-Density Polyethylene (LLDPE), they have a greater specific strength and can withstand higher temperatures, making them a more cost-effective choice. HDPE liners are extensively used by farmers in agricultural countries to line dams and ponds because they are a cost-effective and stable containment alternative. In addition to their versatility and durability, HDPE liners are used to offer secondary containment lining in chemical and fertilizer storage tanks.
The extrusion segment registered a significant revenue share in 2021. Geomembranes, such as HDPE and LLDPE, are rapidly being used in environmental protection, civil construction, water usage, and groundwater protection, which is driving growth of this segment. Versatility of geomembrane, engineers, and installers who want an impermeable geomembrane prefer LLDPE and HDPE, which are all manufactured by an extrusion process.
The mining industry segment registered a comparatively significant revenue share in 2021 owing to rising demand for mineral products necessary for sustaining and improving standard of living. Geomembranes are also employed at the ending of life of a mine. HDPE liners are used in mine restoration to seal the mine and prevent waste products from polluting surrounding environment. Overall, geomembrane lining is a safe and effective way to safeguard environment from potentially hazardous industries.
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Market Segmentation:
Raw Material (Million Square Meter) (Revenue, USD Million; 2016-2026)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Ethylene Propylene Diene Monomer (EPDM)
- Polyvinyl Chloride (PVC)
Technology (Million Square Meter) (Revenue, USD Million; 2016-2026)
- Extrusion
- Calendaring
- Others
Application (Million Square Meter) (Revenue, USD Million; 2016-2026)
- Waste management
- Mining
- Water management
- Tunnels Civil Construction
Regional Outlook
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Key questions covered in the global Geomembrane market report:
- What is the expected market size of the global Geomembrane market during the forecast period?
- What factors are expected to hamper global Geomembrane market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Geomembrane market?
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