Geomembranes Market Set to Cross US$ 3.7 Billion by 2027- Exclusive Report by MarketsandMarkets™

November 04 21:46 2022
Geomembranes Market Set to Cross US$ 3.7 Billion by 2027- 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. 

According to MarketsandMarkets, the global geomembranes market is 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. 

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By type, HDPE membranes are 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, and 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 the 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 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 prevent 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 drivers 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 drive the need for waste and water management activities in the 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.

Some of the leading manufacturers of geomembranes are  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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