Geomembrane Market Size Worth $3,132 Million By 2030: Grand View Research, Inc.

SAN FRANCISCO, June 13, 2022 /PRNewswire/ -- The global geomembrane market size is expected to reach USD 3,132 million by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.2% from 2022 to 2030. Increasing shale gas production capacity in the U.S. and Canada, and an increase in mining activities in South America are expected to drive market growth in the forecast period.

Key Industry Insights & Findings from the report:

• The HDPE raw material segment accounted for 31.7% of the global revenue in 2021 and is expected to expand at a CAGR of over 5.0% from 2022 to 2030. Due to key features like easy installation and good thermal stability during exposure, HDPE is expected to aid market growth.
• The extrusion technology segment led the market and accounted for 58.7% of the global revenue in 2021. Increasing activities related to environment protection, civil construction, and groundwater protection are expected to boost the extruded technology segment.
• Geomembrane is used extensively in the mining industry, for the construction of brine evaporation ponds and also to restrict the loss of slurry. The mining industry application segment led the market and accounted for 40% of the global revenue in 2021.
• Asia Pacific accounted for over 32.9% of the overall revenue share in 2021. Rising awareness toward engineering polymers in the construction industry in emerging economies is expected to open new markets over the forecast period.
• Key companies are likely to establish partnerships with e-commerce portals to ensure that the buyers have timely access to geotechnical products.

Read 100 page market research report, "Geomembrane Market Size, Share & Trends Analysis Report By Raw Material (HDPE, LDPE, EPDM, PVC), By Technology (Extrusion, Calendering), By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Geomembrane Market Growth & Trends

One of the major consumers of geomembranes is the mining industry. Geomembrane acts as containment in the form of a hydraulic barrier to water and some gases for landfill applications. They have environmental applications as they exhibit properties such as easy installation, mechanical & hydraulic consistency, versatility, and cost-effectiveness. This is expected to drive the market.

The application of geomembrane is growing in several industries including petrochemical, construction, and wastewater treatment. The increasing spending on infrastructure and rising awareness of water management is expected to further drive the market during the forecast period.

However, fluctuations in the prices of crude oil are the major factor that is restraining the growth of the market. Most of the raw material for geomembranes is petroleum-based and is vulnerable to volatility in the prices of crude oil. The fluctuations in crude oil prices directly affect the price of the raw materials required for geomembranes.

Geomembrane Market Report Scope

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

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

• HDPE
• LDPE
• EPDM
• PVC
• Others

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

• Extrusion
• Calendering
• Others

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

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

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

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia

List of Key Players of Geomembrane Market

• 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.

Check out more related studies published by Grand View Research:

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• UV Tapes Market - Global UV tapes market size is expected to reach USD 677.2 million by 2025, according to a new report by Grand View Research, Inc. Growing electronics and semiconductor industries are expected to play key roles in the market growth over the forecast period. Polyolefin was one of the primary raw material used in manufacturing of UV tapes. These tapes were most widely used in 2015 on account of high performance characteristics under extreme heat and pressure conditions.

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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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