According to IMARC Group’s latest report, titled “Geomembranes Market Analysis: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global geomembranes market exhibited strong growth during 2015-2020. Looking forward, the market is expected the market to grow at a CAGR of 8.4% during 2021-2026.
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Geomembranes are large-sized impermeable liners that are made up of reinforced polymeric materials. These synthetic membranes act as a protective barrier against fluids, gases, and other soluble substances. They are manufactured by the impregnation of geotextiles with asphalt, elastomers and multilayered bitumen geo-composites.
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The increase in the adoption of geomembranes in waste management, such as landfill liners and mining applications, is one of the primary drivers of the market. This can be accredited to the numerous advantages offered by these membranes, such as resistance to high temperatures, ultraviolet (UV) rays, punctures, and abrasions, as well as high shear and tensile strength. Besides this, with the rising infrastructural development, these membranes are being utilized in the construction of roads, highways and bridges, as they bind the soil under asphalt layovers and increase the overall lifespan of the structures. Moreover, with growing environmental concerns, the demand for geomembranes has escalated as they can efficiently avert the leakage of harmful gases and poisonous fluids at an affordable cost. These factors are expected to create a positive outlook for the market in the coming years.
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List of Key Companies Covered in this Market Report:
- Agru America
- Anhui Huifeng New Synthetic Material Co.
- Atarfil SL
- Carlisle Syntec Inc.
- Carthage Mills
- Colorado Lining International Inc.
- Firestone Building Products Company
- Geofabrics, GSE Environmental Inc.
- Officine Maccaferri Spa
- Naue GmbH
- Nilex Inc
- Plastika Kritis S.A.
- Solmax International
The report has segmented the market on the basis of raw material, manufacturing process, application end user, vertical and geography.
Breakup by Raw Material:
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
Breakup by Manufacturing Process:
- Blown Film
Breakup by Application:
- Waste Management
- Water Management
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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