Geomembranes Market Research Report - Global Forecast till 2025

Posted by Avinash on August 30th, 2019

Geomembranes are thin continuous polymeric sheets that are used to control the movement of fluid or gas in human-made projects, structures, or systems. The primary function of a Geomembrane is the prevention of contamination from grounds and pollutants in commercial, residential and transportation infrastructures. Geomembranes are widely used in water and waste management sectors, landfills, and mining sector, among others, for the prevention of gas leakage, to reduce percolation of surface water into the ground, and protection of groundwater from pollution and contamination. According to Market Research Future (MRFR), the Global Geomembranes Market is estimated to grow exponentially at a 9.5% CAGR over the forecast period and value at USD 4.05 billion by the end of the forecast period 2016 to 2023.

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On the other hand, the growing integration of other geosynthetic materials, including clay lining systems and geonets, is likely to pose a threat to Geomembrane during the forecasting period.

Key Players:

Key market players of the Global Geomembranes Market are Carlisle SynTec Systems (U.S.), Colorado Lining International, Inc. (U.S.), Firestone Building Products Company, LLC (U.S.),Agru America, Inc. (U.S.), GSE Environmental, LLC (U.S.), Solmax International, Inc. (Canada), Atarfil SL (Spain), Plastika Kritis S.A. (Greece), Officine Maccaferri S.p.A (Italy), NAUE GmbH & Co. KG (Germany), and others.

Segmental Analysis:

The Global Geomembranes Market is segmented based on Types, Technology, Applications, End User and Region.

Based on Geomembranes Type, the market has been segmented into HDPE, LDPE, LLDPE, PVC, EPDM, PP, and others. HDPE is the most widely used segment and has a massive demand, owing to its easy installation and enhanced thermal stability. It is estimated to lead the market share over the forecast period.

Based on the Technology of Geomembranes, the market is segmented into the blown film, cast film, laminations, and others. Thirdly, based on the application of Geomembranes the market is segmented into waste and landfills, mining, water storage, canals, oil & gas, and others. Mining segment is leading the market share and is likely to rise at the highest CAGR over the forecast period, or the prevention of leakage, offering drainage solutions and protect soil contamination.

Based on the End-User Application, the market has been segmented into additives, flavor enhancers, preservatives, acidity regulators, and others.

Based on End-User Industry, the market segmented into aquaculture, agriculture, water management, industrial packaging, petrochemicals, building & construction, and other. Water management is the leading segment and is estimated to sustain its market growth over the forecast due to the increase in water consumption related activities, civil construction, and groundwater protection.

Based on the Region, the Global Geomembrane Market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

Regional Analysis:

The Asia Pacific leads the largest market share in terms of demand and is estimated to sustain its dominant market standing over the forecast period. The rise in foreign investments in the oil and gas sector and civil construction industry in China, India, and other Southeast Asian countries are expected to raise the demand for Geomembrane in the region during the forecast period.

Additionally, the growth of the construction sector in China and India with favorable regulation policies to improve infrastructure is expected to contribute to the demand in the Global Geomembrane Market.

Europe is the second largest regional market in the Global Geomembrane Market and is estimated to grow significantly over the forest period, owing to the strict regulations for the adoption of waste management practices in public and industrial sectors by the governments of European countries, especially Germany.

About Market Research Future:

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