Geomembrane Market Size Worth $3,132 Million By 2030

 Geomembrane Industry Overview

The global geomembrane market size was estimated at USD 1,986.6 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.2% from 2022 to 2030. The increasing shale gas production capacity in the U.S. and Canada, coupled with an increase in mining activities in South America are expected to drive the market for geomembrane over the forecast period. The global construction and mining sector is experiencing limited growth as a result of the economic slowdown induced by the Covid-19 crisis. As a result, due to poor market sentiment and the disruption caused by the pandemic, the market has suffered a setback.

In the U.S., the widespread use of geomembranes for waste and water treatment, as well as for the collection of leachate, is driving the market for geomembrane. In addition, the extensive use of calendaring technology in the U.S., on account of the capability to process engineering polymers, will aid market growth in the coming years. Furthermore, the easy availability of polypropylene, which is a major raw material, due to the high prevalence of petrochemical industries is expected to remain a favorable factor.

Gather more insights about the market drivers, restrains and growth of the Global Geomembrane market

 

Increasing infrastructure spending and increased awareness of water management are projected to fuel the market for geomembrane. Furthermore, increasing activities related to environment protection, civil construction, and groundwater protection are expected to drive the market over the forecast period. However, variations in crude oil prices are a major factor limiting the growth of the geomembranes industry. The majority of geomembranes' raw materials are petroleum-based, making them subject to crude oil price fluctuations. The price of raw materials is directly impacted by changes in crude oil prices.

The market player's key strategies are technology launches, acquisitions, and R&D operations. There are several companies in the market, and no single business has a majority share of the market to influence it. However, the market for geomembrane is consolidated by the top few businesses accounting for the overwhelming share.


Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

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Geomembrane Market Segmentation

Grand View Research has segmented the geomembrane market on the basis of raw material, technology, application, and region:

Geomembrane Raw Material Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • HDPE
  • LDPE
  • EPDM
  • PVC
  • Others

Geomembrane Technology Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • Extrusion
  • Calendering
  • Others

Geomembrane Application Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • Waste Management
  • Water Management
  • Mining
  • Lining Systems
  • Others

Geomembrane Regional Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some of the prominent players in the geomembrane market include:

  • GSE Environmental
  • CETCO
  • Geofabrics Australasia Pty Ltd.
  • Carthage Mils Erosion Control Company, Inc.
  • NAUE GmbH & Co., KG
  • JUTA Ltd.
  • Solmax International Inc.
  • Officine Maccaferri S.p.A
  • Plastika Kritis S.A.
  • Nilex, Inc.
  • Bridgestone America
  • Carlisle SynTec Systems
  • Anhui Huifeng New Synthetic Materials Co., Ltd.

 

Order a free sample PDF of the Geomembrane Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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