Geomembranes Market Share, Size, Trends, Industry Analysis Report, By Raw Material (HDPE, LDPE, EPDM, PVC, and Others); By Technology; By Application; By Region; Segment Forecast, 2024 - 2032
- Published Date:Jan-2024
- Pages: 118
- Format: PDF
- Report ID: PM3085
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global geomembranes market was valued at USD 2.23 billion in 2023 and is expected to grow at a CAGR of 5.3% during the forecast period. The rapidly growing widespread use of geomembranes for water and waste treatment and high collection of leachates globally along with the extensive rise in the usage of calendaring technology especially in developed countries like Unites States and Germany are key major factors driving the global market.
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Moreover, surge in the infrastructure spending and high awareness towards the availability of advanced water management technologies and high adaptability of geomembranes in numerous industries including maritime, civil engineering, water treatment, transportation, and mining are likely to augment the demand and growth of the global market over the coming years.
Increased prevalence for high-density polyethylene (HDPE) in drinking water and waster water services, as it provides better impermeability, are further contributing significantly to the market. In addition, the technological advancements and rising investment in research and development-related activities by key market companies to introduce enhanced products and cater the rising consumer demand is expected to create ample growth opportunities soon.
For instance, in July 2021, UIET Member Businesses announced about its plan to launch the production of waterproofing synthetic materials, geomembranes and geotextiles that helps to reduce the loss of water in both artificial and natural reservoirs that is basically sed for agricultural purpose.
However, continuous fluctuation in the prices of raw materials used in the production of geomembranes owing to the volatility in crude oil costs along with the difficulty in the installation & poor resistance to the stress cracking are major factors hindering the growth of the global market. Additionally, geomembrane liners are very heavy and stiff in nature that contributes to the high shipping costs and it cannot be customized or to be assembled in the factory, are some other concerns associated with market growth.
The geomembrane market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the market. The rapid spread of the pandemic across numerous countries around the world significantly halted manufacturing activities, that also hampered the manufacturing of geomembranes as well. The COVID-19 pandemic, had negative impact on various industrial participants owing to labor shortages, trade barriers, inventory management, and raw material procurement.
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Industry Dynamics
Growth Drivers
Extensive growth in the construction and mining industry mainly in developing nations such as India, China, and Indonesia and growth in the use of HDPE liners to seal the mine as mine restoration to stop the waste from polluting the environment owing to its high tensile strength and conductive layer are primary factors expected to boost the geomembranes market growth over the coming years. In addition, application of geomembranes in mining activities has grown rapidly, as it is highly employed in mining sites to minimize the dangers of leaching solutions and to stop seepage.
Furthermore, high infrastructure development spending including new airports, railways, water supply and treatment plants, telecommunication networks, schools, hospitals, roads, and tunnels especially in middle-income economies are also expected to create huge market growth opportunities during the anticipated period. According to Institution of civil engineers UK, the total construction output volume is estimated to grow by over 85%, to around USD 15.5 trillion by 2030. China, US, and India will be the leading countries and expected to account for about 57% of all growth.
Report Segmentation
The market is primarily segmented based on raw material, technology, application, and region.
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By Raw Material |
By Technology |
By Application |
By Region |
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EPDM segment is anticipated to witness fastest growth over the forecast period
The EPDM segment is expected to witness highest growth rate during the forecast period, which is mainly driven by its exponentially growing adoption and use as a raw material owing to its high flexibility, effective UV resistance, and excellent mechanical growth. Moreover, rising awareness regarding the benefits and advantageous features among construction industry is further likely to propel the segment market in the coming years.
The HDPE segment led the industry with a holding of significant market share in terms of revenue and expected to grow at a steady rate on account of its characteristics like good thermal stability and easy installation as compared to other raw materials available in the market. Although, HDPE geomembrane liners are less flexible than LLDPE, it comes with specific strength and easily endure higher temperatures that fuel its adoption as a cost-effective solution worldwide.
Extrusion technology segment accounted for largest market share in 2022
Th extrusion technology segment accounted for largest market share owing to its widespread use in the activities associated with environmental protection, water consumption, groundwater protection, and civil construction. HDPE, LLPPE, and FPP are all manufactured with the extrusion process, in which pelletized polymer resin is generally blended with masterbatch. Several geomembranes like HDPE and LLDPE, are heavily being used in environmental protection, civil building, among others, which in turn boosting the segment growth at rapid pace.
The calendaring technology segment is projected to account for a substantial market share over the anticipated period. High demand for calendared geomembranes across North America region because of the large presence of stringent federal regulation in the United States, on the use of these types of materials.
Mining application segment held the significant market share in 2022
The mining segment led the geomembrane market and accounted for a healthy market share in 2022. The growth of the segment market is mainly attributed to continuously increasing output of the mining sector across Chile, Peru, South Africa, and Nigeria region on account of the rising foreign investment support and favorable regulations. The product is being utilized as solution ponds and heap leach pads in the countries mainly to provide effective containment control to the mining industry.
The waste management segment is expected to register significant growth throughout the projected period, which is mainly accelerated by growing promotions towards the use of geomembranes by implying stringent regulations targeted at higher implementation on waste management practices across various industrial and municipal sectors. Additionally, an extensive growth in the shale gas industry across the globe, that requires effective waste management solutions is likely to have positive impact on the segment market growth.
The demand in North America is expected to witness significant growth
North America is expected to be the fastest growing region over the forecast period. The robust presence of mining industry and related companies for the extraction of silver and many other minerals in Mexico, that is promoting the PVC geomembrane in various heap leach mining applications and increasing production of shale gas across the region are major factors influencing the regional market growth.
Asia Pacific region dominated the global market in 2022. This is mainly driven or attributed to rapidly growing industrialization and increased awareness towards the benefits of polymer-based geomembrane in construction and also mining industries in the region.
Competitive Insight
Some of the major players operating in the global geomembranes market include GSE Environmental, Geofabrics Australasia, Solmax International, Plastika Kritis, Nilex Inc., Bridgestone America, Carlisle SynTec Systems, Anhui Huifeng New Synthetic Materials, NAUE GmbH, JUTA Ltd., Officine Maccaferri, & Raven Industries.
Recent Developments
- In January 2022, AGRO America Inc. and HK Solutions Group announced unveiled Monoform PLUS, which is a comprehensive mahole rehabilitation product package offering streamlined installation without impacting the local traffic. It provides customers a better option for the protection against corrosion through the integrated chip liner.
- In December 2021, Seaman Corporation, announced that the company has developed a high-performance XR-FR fire proof geo-membrane, that expand its product line of XR Geo-membranes. The newly developed product is highly suitable for for combustible liquid tanks, that complies with the ULC S668.
Geomembranes Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 2.34 billion |
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Revenue forecast in 2032 |
USD 3.55 billion |
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CAGR |
5.3% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Raw Material By Technology, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
GSE Environmental, CETCO, Geofabrics Australasia Pty Ltd., Carthage Mils Erosion Control Company, Solmax International Inc., Plastika Kritis S.A., Nilex Inc., Bridgestone America, Carlisle SynTec Systems, Anhui Huifeng New Synthetic Materials Co. Ltd., NAUE GmbH & Co. KG, JUTA Ltd., Officine Maccaferri S.p.A., and Raven Industries. |
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FAQ's
The global geomembranes market size is expected to reach USD 3.55 billion by 2032.
Key players in the geomembranes market are GSE Environmental, Geofabrics Australasia, Solmax International, Plastika Kritis, Nilex Inc., Bridgestone America, Carlisle SynTec Systems, Anhui Huifeng New Synthetic Materials.
North America contributes notably towards the global geomembranes market.
The global geomembranes market is expected to grow at a CAGR of 5.3% during the forecast period.
The geomembranes market report covering key segments are raw material, technology, application, and region.
