Global Geomembrane Market Is Predicted to Grow Around USD 3.5 Billion By 2030

Global Geomembrane Market Is Poised to Grow $3.5 Billion By 2030 | CAGR: 5.4%

The global geomembrane market size was worth around USD 2.3 Billion in 2022 and is predicted to grow to around USD 3.5 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.4% between 2023 and 2030.

Geomembranes are artificial membrane liners or barriers that are used to regulate fluid migration in a project, structure, or system that was created by humans. They are created from relatively thin continuous polymeric strips, which can be manufactured by spraying asphalt, elastomer, or polymer onto geotextiles. This implies that there are countless uses for them in geotechnical engineering and other industrial applications. Along with the waste sector, geomembranes are used in transportation, hydraulic, environmental, and oil and gas applications.

The most prevalent variety is continuous polymeric strips. The seams of bigger geomembranes are thermally or chemically melted together to increase strength and durability. Since the geomembrane's size is entirely customizable, it can be as small as a backyard fish pond or as big as a football field, as needed.

The primary drivers of the global geomembrane market's expansion are the expanding mining and construction sectors as well as the rising demand for waste management systems around the world. Geomembrane liners are frequently used to seal off landfills so that water cannot leak in and further stop the decomposition and biodegradation of the waste. Significant infrastructure development worldwide, particularly in developing countries, is also boosting market expansion.

For instance, these membranes are used to bind the soil together beneath asphalt layovers and extend the lifespan of roadways when constructing roads, highways, and bridges. Additionally, the development of novel product variations made specially to stop the flow of various volatile organic compounds and naturally occurring gases are encouraging geomembrane industry expansion. The mining industry's growing product adoption, the adoption of beneficial government policies encouraging environmental conservation, and increased emphasis on research and development (R&D) activities are all expected to fuel market growth. However, the volatility in the price of raw materials is expected to impede market growth over the forecast period.

The global geomembrane market is segmented based on raw material, technology, application, and region.

Based on the raw material, the global market is bifurcated into LDPE, HDPE, EPDM, PVC, and others. The LDPE segment is expected to hold a significant market share over the forecast period. The segment growth is attributed to its properties such as low density, excellent transparency, softness, electrical insulation, chemical stability, processability, and resistance to low temperatures. Moreover, It continues to have excellent mechanical strength, more flexibility, and elasticity than HDPE geomembrane and is simple to construct. Furthermore, it possesses a non-toxic, flat, smooth surface that resists corrosion, a high tensile strength, an elegant shape, and is lightweight. Pools, canals, embankments, fields, landfills, tunnel waterproofing, and seepage control are all possible with the LDPE geomembrane.

Based on the technology, the global geomembrane industry is segmented into extrusion, calendering, and others. The calendering technology segment is growing at a substantial rate over the forecast period. This technique is typically used to process geomembranes made of rubber and polymeric materials. This technology is anticipated to have significant growth prospects because it is so widely used. Due to strict federal regulation regarding the use of these materials in the U.S., it is anticipated that the demand for calendered geomembrane in North America will continue to rise steadily over the forecast period. Additionally, it is predicted that these laws will enable the product to be used in waste management applications.

Based on the application, the global geomembrane market is segmented into waste management, water management, mining, lining systems, and others. The mining segment is expected to hold the largest revenue share during the forecast period. Since geomembranes have exceptional functionalities like high tear and puncture resistance, low permeability, a wide temperature range, and outstanding chemical resistance, they are being quickly adopted in the mining industry. In the mining industry, a geomembrane is used to stop leachate leaks where metal dissolution occurs.

The Asia Pacific is expected to hold the largest revenue share in the global geomembrane market over the forecast period. This can be ascribed to increasing industrialization and increased knowledge of the advantages of polymer-based geomembrane in the mining and construction sectors in developing nations like China and India. On the other hand, North America is expected to hold a substantial market share during the forecast period. PVC geomembrane should be more widely used in heap leach mining applications because of the strong presence of the mining sector in Mexico for silver extraction. In addition, it is anticipated that the market will be driven by rising shale gas output as well as a focus on waste management applications.

This review is based on a report by Zion Market Research, titled “Geomembrane Market By Raw Material (LDPE, HDPE, EPDM, PVC, And Others), By Technology (Extrusion, Calendering, And Others), By Application (Waste Management, Water Management, Mining, Lining Systems, And Others), And By Region - Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/geomembrane-market

Recent Development:

• In September 2021, Dow introduced INTREPID 2499 Bimodal HDPE Resin for geomembranes, which is created for uses requiring extremely high levels of toughness, longevity, and durability. As a result, there will be chances to minimize environmental risks, replacement frequency, and waste entering the environment overall.
• In April 2021, SOLMAX, a manufacturer of polyethylene geomembranes, announced that it has agreed to acquire TenCate Geosynthetics from Koninklijke Ten Cate.

The global geomembrane market is dominated by players like:

• Bridgestone Americas Inc.
• Anhui Huifeng New Synthetic Materials Co. Ltd
• Carlisle SynTec Systems
• Officine Maccaferri Spa
• Juta a.s.
• Carthage Mills Inc.
• Nilex Inc.
• MTI
• GSE Environmental
• NAUE GmbH & Co. KG
• GEOFABRICS AUSTRALASIA PTY LTD
• PLASTIKA KRITIS S.A.
• Colorado Lining International Inc
• Environmental Protection Inc.
• LAYFIELD GROUP. LTD.
• Raven Industries Inc.
• Seaman Corporation
• Titan Environmental Containment
• Solmax
• Agru America.

The global geomembrane market is segmented as follows:

By Raw Material

• LDPE
• HDPE
• EPDM
• PVC
• Others

By Technology

• Extrusion
• Calendering
• Others

By Application

• Waste Management
• Water Management
• Mining
• Lining Systems
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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