According to IMARC Group’s latest report, titled “Geomembranes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global geomembranes market exhibited strong growth during 2015-2020. Looking forward, the market is expected the market to grow at a CAGR of 8.4% during 2021-2026.
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Geomembranes are large-sized impermeable liners that are made up of reinforced polymeric materials. These synthetic membranes act as a protective barrier against fluids, gases, and other soluble substances. They are manufactured by the impregnation of geotextiles with asphalt, elastomers and multilayered bitumen geo-composites.
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Market Trends
The increase in the adoption of geomembranes in waste management, such as landfill liners and mining applications, is one of the primary drivers of the market. This can be accredited to the numerous advantages offered by these membranes, such as resistance to high temperatures, ultraviolet (UV) rays, punctures, and abrasions, as well as high shear and tensile strength. Besides this, with the rising infrastructural development, these membranes are being utilized in the construction of roads, highways and bridges, as they bind the soil under asphalt layovers and increase the overall lifespan of the structures. Moreover, with growing environmental concerns, the demand for geomembranes has escalated as they can efficiently avert the leakage of harmful gases and poisonous fluids at an affordable cost. These factors are expected to create a positive outlook for the market in the coming years.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of raw material, manufacturing process, application end user, vertical and geography.
Breakup by Raw Material:
Breakup by Manufacturing Process:
Breakup by Application:
Breakup by Geography:
Key highlights of the report:
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