LATAM Geomembrane Market Research Report Forecast to 2030
LATAM Geomembrane Market Research Report Forecast to 2030
Market Overview
The LATAM geomembranes market is expected to grow at a CAGR of 6.58% over the forecast duration of 2023-2030. The LATAM geomembranes market was valued at USD 152.7 million in 2022 and is expected to reach USD 253.1 million by 2030.
Growing concerns for waste and water management activities are driving the geomembrane market in Latin America. Growing concerns for waste and water management activities in Latin America are driving the demand for geomembranes. With increasing urbanization and industrialization, there is a heightened focus on environmental protection and sustainability. Geomembranes play a pivotal role in addressing these concerns by providing impermeable barriers in applications such as landfill liners, containment of hazardous waste, and wastewater treatment facilities.
Additionally, increased use of geomembranes in mining applications in mining and energy sector growth is propelling the geomembrane market in Latin America. The increased utilization of geomembranes in mining applications within the mining and energy sector is a significant driver of the geomembrane market in Latin America. Geomembranes are pivotal in containing and managing potentially hazardous materials, like tailings and chemicals, generated by mining activities. They prevent soil and water contamination, ensuring environmental protection and regulatory compliance. As the mining industry grows in the region, the demand for geomembranes in constructing safe tailings ponds, heap leach pads, and secondary containment systems is escalating.
Market Segmentation
The LATAM Geomembrane Market, By Resin Type is segmented into Distilled & Hydrogenated, Standard, and Distilled.
The LATAM Geomembrane Market, by Application is segmented into Water Management, Mining, Construction, Agriculture, and Others.
The LATAM Geomembrane Market, by Country, is segmented into Brazil, Mexico, Argentina, Columbia, Peru, Chile, and Rest of LATAM.
Major Players
Owens Corning, Atarfil SL, Agru America, Inc and Officine Maccaferri Spa are some of the key players operating in the global market.
1 Executive Summary
1.1 Market Attractiveness Analysis
1.2 Latam Geomembrane Market, By Resin Type
1.3 Latam Geomembrane Market, By Application
1.4 Latam Geomembrane Market, By Country
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top-down & Bottom-up Approach
3.6 Forecast Model
3.7 List Of Assumptions
4 Market Dynamics
4.1 Overview
4.2 Drivers
4.2.1 Growing Concerns For Waste And Water Management Activities
4.2.2 Increased Use Of Geomembranes In Mining And Energy Sector
4.3 Restraints
4.3.1 Increasing Use Of Geosynthetic Clay Liner In Lining Systems And Landfill
4.4 Opportunities
4.4.1 Increasing Spending In Infrastructure Development
4.5 Challenge
4.5.1 Fluctuating Raw Material Prices On Account Of Volatility In Crude Oil Prices
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Geomembranes Manufacturers
5.1.3 Distribution & Sales Channel
5.1.4 End Users
5.2 Porter's Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Price Overview – By Country (Usd/Square Meter)
5.4 Impact Of Covid-19 On The Latam Geomembranes Market
5.4.1 Impact Of Covid-19 On The Supply Chain
5.4.2 Qualitative Alaysis Of Change In Demand From End Use Industry