According to a recent report by Reports and Data, the global geomembrane market is expected to reach USD 3.42 billion by 2030 and register a revenue CAGR of 5.1% during the forecast period. The growth of the market is driven by various factors, such as rising industrialization and urbanization, increasing popularity of geosynthesis in developing regions, and rising concerns regarding waste management.
Additionally, the market is also propelled by growing pollution levels and promotion of circular economy by various governments. Geomembrane liners are increasingly used in civil, mining, and transportation infrastructure projects due to their ability to handle various engineering issues related to erosion control and containment.
The mining industry segment has registered a comparatively significant revenue share in 2021, owing to the rising demand for mineral products necessary for sustaining and improving the standard of living.
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Some major companies in the global market report include AGRU Kunststofftechnik GmbH, ATARFIL Geomembranes, Naue GmbH Co. KG, Atricure, Inc., Carthage Mills, Inc., Solmax, Plastika Kritis S.A., Carlisle SynTec Systems, Juta Ltd., and Officine Maccaferri Spa.
The Asia Pacific region accounted for the largest revenue share in the global geomembrane market in 2021, with China, Indonesia, and India being the top three coal-producing countries. However, the volatility of crude oil prices directly affects the cost of raw materials and thickness of geomembrane, which, in turn, affects the pricing of geomembrane.
The High-Density Polyethylene (HDPE) segment accounted for a significantly large revenue share in 2021 due to its versatility and durability, cost-effectiveness, and stability. The extrusion segment registered a significant revenue share in 2021 because of the rapidly increasing use of geomembranes in environmental protection, civil construction, water usage, and groundwater protection.
The XR-FR product is suitable for secondary containment of flammable and combustible liquid tanks aboveground and complies with ULC S668, the standard for liners used in certain applications.
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For the purpose of this report, Reports and Data has segmented the global geomembrane market based on raw material, technology, application, and region:
Raw Material Outlook (Revenue, USD Billion; 2019-2030)
- Ethylene Propylene Diene Monomer (EPDM)
- High-Density Polyethylene (HDPE)
- Reinforced Polyethylene (TRP)
- Low-density polyethylene
- Linear Low-Density Polyethylene (LLDPE)
- Polyvinyl Chloride (PVC)
- Others
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Extrusion
- Calendering
Application Outlook (Revenue, USD Billion; 2019-2030)
- Agriculture and nurseries
- Water management
- Marine
- Mining industry
- Waste management
- Petrochemical
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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