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An impermeable membrane liner is made of a thin, flexible polymeric layer known as a geomembrane. It does a great job of blocking the flow of substances, including water.
The primary drivers of the 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 seep in and further halt the decomposition and biodegradation of the waste.
According to the report, the global market size was worth around USD 2.3 billion in 2022 and is predicted to grow to around USD 3.5 billion by 2030.
The global geomembrane market is expected to grow at a CAGR of 5.4% during the forecast period.
The global geomembrane market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the Increasing industrialization and the number of manufacturing facilities, along with growing public awareness of pollution and waste management.
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, and Agru America, Inc. among others.
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