Geomembranes Market Share, Size, Trends, Industry Analysis Report, By Raw Material (HDPE, LDPE, EPDM, PVC, and Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032

Geomembranes Market Share, Size, Trends, Industry Analysis Report, By Raw Material (HDPE, LDPE, EPDM, PVC, and Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032

The global geomembranes market size is expected treach USD 3.55 billion by 2032, according ta new study by Polaris Market Research. The report “Geomembranes Market Share, Size, Trends, Industry Analysis Report, By Raw Material (HDPE, LDPE, EPDM, PVC, and Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Increasing rate of growth of the construction and mining industry mainly in emerging countries, various supporting regulations for water and waste management activities, and highly increasing expenditure on infrastructural development are prominent factors expected tdrive the market growth.

Furthermore, increasing research & development-based activities for the launch of innovative geomembrane products along with high-value investments along with the high proliferation for waste and sewage management are likely tcontribute positively tthe market growth.

For instance, in April 2022, Layfield Group, announced the launch of its new premium line of geonets and geo-composites named “HydraNet”, constructed from biplanar or tri-planar of high-density polyethylene. It is made up of geonet laminated tprovide an effective drainage medium, which alsoffers filtration and prevents slit from clogging and entering the geonet.

In the recent years, geomembranes have gained huge popularity as it effectively contains liquids and gases on a higher broad scale and offering virtually impenetrable barrier. Geomembranes are widely used for the lining application and are mainly used for the lowest permeability achievable. Due tits low permeability, high temperature-resistance, high tensile strength, and high interface friction properties, it is largely used in the mining heap leach process for preventing liquid from getting leaked intthe environment.

Furthermore, numerous factors like development of resilient geomembrane that are extremely suitable for harsh operation conditions and high awareness regarding water conservation in the manufacturing sector across the globe along with the decline in the supply of freshwater, the need for effective water management is on the rise and likely toffer lucrative market growth opportunities over the coming years.

Geomembranes Market Report Highlights

EPDM segment is anticipated tbe the fastest growing segment over the forecast period owing tincrease adoption rate of EPDM in construction industry

Extrusion technology segment accounted for major market share in 2022, which is mainly driven by high utilization of this technology across several industrial applications

Mining application segment held the largest market share in 2022, on account of rapid surge in the output of mining activities mainly in countries like Peru and Chile

North America is expected tgrow at a high CAGR over the projected period, which is mainly accelerated by the growing promotion on the use of PVC geomembranes in variety of mining applications

The global key market players include Carthage Mils Erosion Control Company, Solmax International, Nilex Inc., Bridgestone America, and Raven Industries

Polaris Market Research has segmented the Geomembranes market report based on raw material, technology, application, and region:

Geomembranes, Raw Material Outlook (Revenue - USD Billion, 2019 - 2032)

HDPE

LDPE

EPDM

PVC

Others

Geomembranes, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Extrusion

Calendaring

Others

Geomembranes, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Waste Management

Water Management

Mining

Lining Systems

Others

Geomembranes, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa