A recent report published by Infinium Global Research on the geomembranes market provides an in-depth analysis of segments and sub-segments in the global as well as regional geomembranes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional geomembranes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global geomembranes market. According to the report, the global geomembranes market is projected to grow at a CAGR of 8.40% over the forecast period of 2021-2027.

Market Insight

The global geomembranes market size was estimated at USD 3.24 billion in 2021 and is expected to reach USD 5.25 billion in 2027 expand at a compound annual growth rate (CAGR) of 8.40 % from 2021 to 2027.  Geomembranes are made of various materials such as High-Density Polyethylene (HDPE), EPDM (Ethylene Propylene Diene Monomer), Linear Low-Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Polypropylene (PP). They can help to prevent the dispersal of contaminants due to their ability to block fluids. The majority of generic geomembrane test methods that are referenced worldwide are by the ASTM International| American Society of Testing and Materials (ASTM) due to their long history in this activity. Individual countries and manufacturers often have specific (and sometimes) proprietary test methods.

The rapid infrastructural development combined with innovation in geomembranes for drainage applications is expected to drive market growth during the forecast period. Furthermore, strong regulatory framework related to water contamination laws, and an Increase in the regulation of groundwater activity is driving the growth of the market. In addition, increased mining activities and regulations related to solid waste generation are the drivers for the growth of the overall market during the forecast period. Geomembranes are used in varied applications such as energy, oil and gas, agriculture, civil, liquid containment, concrete protection coal ash containment, and other industrial applications. Increasing expenditure towards waste and water management programs in Germany, Russia, China and India is anticipated to drive the market growth. However, fluctuation in raw material prices is affecting to the growth of the market. Moreover, the robust presence of mining base in Australia and China with improvement in mining sectors of African countries including South Africa and Nigeria in light of regulatory support is projected to provides a significant growth opportunity for the geomembranes market. The daily mining scale of single-site operations, and costs associated with mining increase every year.

North America holds the largest market shares in the geomembrane market. The demand for geomembranes for its use in tunnel liners is growing significantly in the markets of the U.S. and Canada due to an increase in construction activities. Asia Pacific is growing with a healthy CAGR. China & India are the top consumers of the geomembrane in the Asia Pacific region. The market may show a considerable growth in countries such as Vietnam, Singapore, Burma, Thailand, and Malaysia due to the improved environment protection laws. Rapid industrialization, presence of well-established mining industries and dynamic economy in China, Japan, India and South Korea is expected to further propel the growth of geomembranes market in Asia-Pacific region.

Segment Covered

The report on global geomembranes market covers segments such as type, manufacturing process, and application. On the basis of type, the sub-markets include HDPE, LDPE & LLDPE, PVC, EPDM, PP, and others. On the basis of manufacturing process, the sub-markets include extrusion, calendering, and others. On the basis of application, the sub-markets include mining, waste management, water management, civil construction, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Agru America, Inc, GSE Environmental, LLC, Solmax, Nilex Inc, Officine Maccaferri S.p.A, Geofabrics Australasia, Carthage Mills, Inc, Carlisle Companies Incorporated, Juta A.S, Titan Environmental Containment, and Colorado Lining International, Inc.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the geomembranes market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.