Geomembranes Market Outlook 2031
The global geomembranes market size was valued at USD 2.08 Billion in 2022 and is projected to reach USD 3.28 Billion by 2031, expanding at a CAGR of 5.2% during the forecast period, 2023–2031.
The growth of the market is attributed to the rising concern towards water & waste management activities, increasing construction activities globally, high prevalence of the petrochemical complexes, growing regulations of the ground water activities, and strict laws.
Geomembranes are the large sized polymers materials that is synthesized with the mixture of elastomers and geotextiles with multi layered bitumen geo composites. It is a synthetic liners or membranes that have less permeability, and are utilized with geotechnical engineering.
It is impermeable in nature and also creates a barrier for the movement of fluids, water, and various soluble materials. Geomembranes are helpful in preventing contamination from grounds as well as pollutants in residential structures, commercial buildings, and infrastructures including airports & metro stations.
The Covid-19 pandemic has highly affected the geomembranes market around the world. Various construction and manufacturing activities are put on hold due to lockdown imposed by government and it has decreased the demand for geomembranes.
Geomembranes Market Trends, Drivers, Restraints, and Opportunities
- Rising mining activities globally is expected to fuel the market expansion during the forecast period.
- Growing spending on the infrastructure development is estimated to spur the market growth in the coming years.
- Fluctuations is the cost of raw materials is anticipated to hamper the market expansion during the forecast period.
- Rising environmental awareness among people acts as major factors propelling the market growth.
- R&D investment and technological advancement in geomembranes is projected to create lucrative opportunities for the market players.
Scope of Geomembranes Market Report
The report on the global geomembranes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Geomembranes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Raw Materials (Low-density Polyethylene, Polyvinyl Chloride, Polypropylene, High-density polyethylene, Linear Low-density Polyethylene, Ethylene Propylene Diene Monomer, and Others), Manufacturing Processes (Calendering, Extrusion, and Others), Applications (Waste Management, Mining, Agriculture, Water Management, Construction, Soil Management, and Others)
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
NAUE GmbH & Co. KG; Atarfil SL; Agru America, Inc.; Officine Maccaferri Spa; Plastika Kritis S.A.; GSE Environmental; Owens Corning; Evoqua Water Technologies LLC; Icopal Co.; GEOSER; Raven Industries Inc.; and Solmax International Inc.
|
Geomembranes Market Segment Insights
Raw Material Segment Analysis
Based on raw materials, the global geomembranes market is divided into low-density polyethylene, polyvinyl chloride, polypropylene, high-density polyethylene, linear low-density polyethylene, ethylene propylene diene monomer, and others.
The high-density polyethylene segment is expected to constitute a key share of the market during the forecast period owing to better thermal stability, easy installation, and cost effective raw material. However, the ethylene propylene diene monomer segment is anticipated to expand at a rapid pace during the forecast period due to rising demand for ethylene propylene diene monomer as it is high puncture resistance.
Manufacturing Process Segment Analysis
On the basis of manufacturing processes, the market is segmented into calendering, extrusion, and others.
The extrusion segment is expected to represent a key share of the market in the coming years due to high usage in various applications as well as it produces materials with the customized shapes, textures, and thickness. The activities such as civil construction, water consumption, and ground water protection is rising worldwide is anticipated to boost the market.
Applications Segment Analysis
In terms of applications, the global geomembranes market is segregated into waste management, mining, agriculture, water management, construction, soil management, and others.
The mining segment is expected to account for a key share of the market during the forecast period owing to it prevents from the leakages, high usage in drainage solutions, and it helps to protect the soil from contamination.
However, the water management segment is anticipated to expand at a rapid pace during the forecast period due to increasing water infrastructure activities and governments strict rules for water management.
Regional Outlook
On the basis of regions, the global geomembranes market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to strict rules & regulations, rising incorporation of geosynthetic materials, improving infrastructure, and rising development.
On the other hand, the market of North America is expected to exhibit a rapid growth rate in the coming years due to rising applications and need for floating covers in lakes, ponds, & irrigation ditches.
Segments
The global geomembranes market has been segmented on the basis of
Raw Materials
- Low-density Polyethylene
- Polyvinyl Chloride
- Polypropylene
- High-density polyethylene
- Linear Low-density Polyethylene
- Ethylene Propylene Diene Monomer
- Others
Manufacturing Processes
- Calendering
- Extrusion
- Others
Applications
- Waste Management
- Mining, Agriculture
- Water Management
- Construction
- Soil Management
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- NAUE GmbH & Co. KG
- Atarfil SL
- Agru America, Inc.
- Officine Maccaferri Spa
- Plastika Kritis S.A.
- GSE Environmental
- Owens Corning
- Evoqua Water Technologies LLC
- Icopal Co.
- GEOSER
- Raven Industries Inc.
- Solmax International Inc.
Competitive Landscape
Key players competing in the global geomembranes market include NAUE GmbH & Co. KG; Atarfil SL; Agru America, Inc.; Officine Maccaferri Spa; Plastika Kritis S.A.; GSE Environmental; Owens Corning; Evoqua Water Technologies LLC; Icopal Co.; GEOSER; Raven Industries Inc.; and Solmax International Inc.
Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.