The global geomembrane market is anticipated to grow at a moderate CAGR of 5.2 percent through 2032, reaching a market worth of US$ 2089.9 Million by 2022. By the end of 2032, the geomembrane market is projected to be worth roughly US$ 5760 Million.
Growing infrastructural development across the globe, mainly associated to the construction of new roads, is promoting the Geomembrane market. Geomembrane are progressively being used in road construction activities. A geomembrane acts as a barrier to the movement of fluids, water and other soluble materials, and is manufactured by using synthetic polymers that are impermeable in nature.
Geomembrane are proven to be more effective in terms of impermeability than the other traditional products, namely asphalt, concrete, and compacted clay. Geomembrane are also used in strengthening of weak soil by holding them together, thus increasing the life span of roads.
Geomembrane are generally made of high-density polyethylene (HDPE) or linear low-density polyethylene (LLDPE). Moreover, Geomembrane with their wide functionalities, such as exceptional ability to withstand high temperature range, weatherability, chemical resistance, low permeability, UV resistance, high tear, and puncture resistance, are used in a wide-ranging applications including mining, and waste management, among others.
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Global Geomembrane Market: Key Participants
Examples of some of the key participants of the global Geomembrane market are: Agru America, Anhui Huifeng New Synthetic Material Co., Atarfil SL, Carlisle Syntec Inc., Carthage Mills, CETCO, Colorado Lining International Inc., Firestone Building Products Company, Geofabrics, GSE Environmental Inc., Officine Maccaferri Spa, Naue GmbH, Nilex Inc., Plastika Kritis S.A., Solmax International, etc. are some of the major players in the market.
Geomembrane Market by Segmentation
By Raw Material:
- HDPE
- LDPE
- EPDM
- PVC
- Others
By Technology:
- Extrusion
- Calendaring
- Others
By Application:
- Waste Management
- Water Management
- Mining
- Lining Systems
- Others
Global Geomembrane Market: Regional Outlook
North America is expected to dominate the global Geomembrane market, due to the growing demand for Geomembrane in the mining industries and waste management sector. Western Europe is the estimated to follow North America owing to high consumption of Geomembrane in the global market.
Moreover, stringent regulations by the government across the globe for environmental protection is also expected to drive the demand for Geomembrane in a wide range of applications, namely oil gas, energy, coal ash containment, civil, agriculture, concrete protection, liquid containment, athletic, spill or secondary containment, and industrial applications. Additionally, APEJ and the MEA are also expected to show moderate growth in the global Geomembrane market.
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