A recent report published by
Infinium Global Research on geomembranes market provides 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.
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.An, 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 the market growth during the forecast period. Furthermore,
strong regulatory framework related to water contamination laws, and Increase
in the regulation of ground water 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. An 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.
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.
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.
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 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.