The Geomembrane Market is forecasted to grow from USD 2.06 billion in 2018 to USD 4.45 billion by 2026, at a CAGR of 9.5%, during the forecast period. The market is primarily driven by the growing usage of geomembranes in waste management applications and a strict regulatory framework for environmental protection in several applications such as oil & gas, agriculture, concrete protection and industrial applications.
A geomembrane is a category of a geosynthetic that has very low permeability and is used in geotechnical engineering to control fluid or gas migration in a structure or a system like solid waste containment, water containment and mining. It is usually made using thin, continuous polymeric sheets, but can also be made using asphalt, elastomers, or polymeric sprays.
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The main players involved in this industry are GSE Environmental LLC (US), Agru America Inc. (US), Solmax International Inc. (Canada), Nilex Inc. (Canada), Carthage Mills (US), NAUE GmbH & Co. KG (Germany), Officine Maccaferri S.p.A. (Italy), Geofabrics Australasia Private Limited (Australia), Carlisle Syntec Systems (US), Huifeng Geosynthetics (China), Raven Engineered Films (US), and others.
Asia Pacific is expected to register fastest revenue CAGR between 2021 and 2028. Rapid revenue growth is attributed to factors such as increasing investments in research and development activities, rapidly growing industrial sector and building and construction sector and high demand for raw material across various sectors.
The market for geomembranes has been growing alongside the increasing environmental regulations against land and water contamination. However, the unsafe nature of some of the materials involved may hamper the growth of the market.
Further key findings from the report suggest
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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of raw material, technology, application and regional analysis.
Raw Material (Million Square Meter) (Revenue, USD Million; 2016-2026)
Technology (Million Square Meter) (Revenue, USD Million; 2016-2026)
Application (Million Square Meter) (Revenue, USD Million; 2016-2026)
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Region (Million Square Meter) (Revenue, USD Million; 2016-2026)
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