According to the new market research report “Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP, Others), Manufacturing Process (Extrusion, Calendering, Others), Application (Mining, Waste Management, Water Management, Civil Construction, Others), and Region – Global Forecast to 2025″, size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. The major factors driving the geomembranes market include high growth in the mining and construction industry with an increasing need for waste and water management activities.
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HDPE, LDPE & LLDPE, PVC, EPDM, and PP are the major types of geomembranes available in the market. HDPE are the largest and fastest-growing segment in terms of value. These membranes are cost-effective and are used widely in all regions. They are designed to be used in applications, which require excellent chemical & UV resistance at an affordable cost. Their robust performance in critical applications is expected to help their high growth during the forecast period.
Mining, waste management, water management, and civil construction are the major applications in the geomembranes market. Of these, waste management is estimated to be the fastest-growing application during the forecast period. Geomembranes are essential for controlling the leakage of contaminated gas and liquid into the surrounding environment. They are ideally used in landfill caps, landfill covers, landfill liners, temporary landfill closures, animal waste containment, and sludge treatment application due to their ability to accommodate differential settlement in the waste pile.
Browse and in-depth TOC on “Geomembranes Market – Global Forecast to 2025”
101 – Tables
31 – Figures
135 – Pages
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The global geomembranes market size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. The major driving factors are increasing mining activities in APAC and South America and the growing concerns towards waste and water management activities.
The major geomembranes vendors include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US). These players have adopted various growth strategies, such as investment, expansion, merger, and acquisition, to expand their presence in the geomembranes market further. Expansion and acquisitions have been the most dominating strategy adopted by major players from 2017 to 2020, which helped them broaden their production capabilities and customer base.
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Raven Industries (US) is a major player in the geomembranes market and invests strongly in strategic developments. It has adopted expansion and acquisition as its key growth strategies in the recent years. In January 2020, the company opened a new facility in Waynesboro, Virginia. This expansion will help the company to provide a heightened level of service and faster product delivery to customers of its energy, geomembrane, and construction markets in the East Coast region of the US.
Atarfil (Spain) is progressing in the geomembranes market by focusing on acquisition and expansion strategy. The company established its first US manufacturing & distribution facility in Suffolk, Virginia, in September 2017. Atarfil invested around USD 5.1 million for this expansion. This new facility helped the company serve the US market.
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