Geomembranes Market to Reach $3.7 Billion by, at a CAGR of 7.6%- Exclusive Report by MarketsandMarkets™

June 05
20:30 2023
Geomembranes Market to Reach $3.7 Billion by, at a CAGR of 7.6%- Exclusive Report by MarketsandMarkets™
Browse 211 market data Tables and 40 Figures spread through 193 Pages and in-depth TOC on “Geomembranes Market”
Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP), Manufacturing Process (Extrusion, Calendering), Application (Mining, Waste Management, Water Management, Civil Construction), and Geography

Geomembranes are low-permeability synthetic liners or barriers used to control fluid or gas migration within soil, rock, earth or any other geotechnical material, as an integral part of a human-made project, structure, or system. Geomembranes have superior qualities such as excellent chemical resistance, high durability, high stability, ultraviolet protection, inherent flexibility, and aging resistance. The common application of geomembranes is in waste and water treatment facilities, landfills, reservoirs, pond liners, floating covers, and construction. 

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MarketsandMarkets expects the global geomembranes market to grow from USD 2.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 7.6% during the forecast period. 

By type HDPE membranes is projected to grow at the fastest rate and are likely to lead the market in terms of value between 2022 and 2027. These membranes possess excellent properties such as chemical resistance, UV resistance, aging resistance, and have long term durability, high stability, and excellent flexibility. HDPE membrane’s outstanding properties combined with low cost and easy availability will drive the market growth during forecast period. 

By application, waste management is projected to be the fastest-growing segment during the forecast period. The growth in this segment is attributed to the increasing environmental concerns. Geomembrane liners protect the groundwater, a geomembrane cap contains landfill gas, and covers to prevent evaporation or contamination of valuable resources such as potable water and prevents odor emission. PVC geomembranes are the most suitable for this application due to their high elongation and durability. An increase in municipal as well as industrial waste is one of the key driver which will drive the growth of the market during the forecast period.  

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The geomembranes market in APAC is projected to register the highest CAGR during the forecast period. The growth of the population, industrialization, and urbanization drives the need for waste and water management activities in region. The infrastructure market in APAC is driven by the growing construction industry, increased consumer spending, and strong economic growth. Moreover, growing economies in the region, such as China and India, are leading to a high demand for geomembranes. All these factors are expected to be favorable for the growth of the geomembranes market.

A few of the key players 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) and others.

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