Rising Demand for Water and Waste Management to Drive Geomembranes Market to 2025, MarketsandMarkets™ Reveals

“Browse through 101 Market Data Tables and 31 Figures spread over 135 Pages and In-Depth TOC on “Geomembranes Market”

Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP, Others), Manufacturing Process (Extrusion, Calendering, Others), Application (Mining, Waste Management, Water Management, Civil Construction, others) and region

The global geomembrane market The size is expected to grow from $2.1 billion in 2020 to $3.2 billion by 2025, at a compound annual growth rate (CAGR) of 8.3%. The main driving factors are the increase in mining activities in Asia-Pacific and South America and growing concerns over waste and water management activities.

The recent COVID-19 pandemic is expected to impact the global economy. COVID-19 has led the industrial sector into an unfamiliar operating environment, globally. Government lockdown restrictions have severely affected the mining and construction industries. Logistical constraints, labor shortages, and government restrictions have forced these industries to shut down, disrupting industrial operations. Major economies such as the United States, China, India and others are grappling with the brunt of the COVID-19 pandemic.

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HDPE membranes are the fastest growing type segment and are likely to dominate the market in terms of value between 2020 and 2025. These membranes are resistant to chemicals, UV and aging, and have durability to long term, high stability and excellent flexibility. The exceptional properties of HDPE membrane, combined with low cost and easy availability, are expected to contribute to the strong growth over the forecast period.

Waste management is the fastest growing geomembrane market application due to growing environmental concerns. Geomembrane liners protect groundwater, a geomembrane plug contains landfill gases, and covers prevent evaporation or contamination of valuable resources such as drinking water and prevent the emission of odors. PVC geomembranes are most suitable for this application due to their high elongation and durability. An increasing amount of municipal and industrial waste is the main factor leading to the highest growth rate of the market.

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The main suppliers of geomembranes are Solmax (Canada), Raven Industries (USA), AGRU (Austria), Carlisle Construction Materials LLC (USA), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic) , Maccaferri (Italy), Firestone Building Products (USA), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (USA), Environmental Protection (USA), Geofabrics (Australia) ), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (USA), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France) , Texel Industries Limited (India), Titan Environmental Containment (Canada), and American Fabrics (USA). These players have adopted various growth strategies, such as investment, expansion, merger and acquisition, to further expand their presence in the geomembrane market. Expansion and acquisitions were the most dominant strategy adopted by major players from 2017 to 2020, which helped them expand their production capabilities and customer base.

Raven Industries (US) is a major player in the geomembrane market and invests heavily in strategic developments. It has adopted expansion and acquisition as its primary growth strategies in recent years. In January 2020, the company opened a new factory in Waynesboro, Virginia. This expansion will help the company provide an increased level of service and faster product delivery to customers in its energy, geomembrane and construction markets in the US East Coast region.

Atarfil (Spain) is advancing in the geomembrane market by focusing on an acquisition and expansion strategy. The company established its first US manufacturing and distribution facility in Suffolk, Virginia in September 2017. Atarfil invested approximately $5.1 million for this expansion. This new facility helped the company serve the US market.

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