Geomembranes Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

A geomembrane is very low permeability synthetic membrane liner or barrier used with any geotechnical engineering related material so as to control fluid (liquid or gas) migration in a human-made project, structure, or system. They are most commonly used for waterproofing, containment, and erosion control. Geomembranes are made from a variety of synthetic materials such as polyethylene, polypropylene, and polyvinyl chloride, and come in a variety of thicknesses, textures, and colors. Geomembranes can be used to create an effective barrier between the soil and a body of water or a structure. 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. 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.

The geomembrane market is anticipated to reach USD 3,241.2 million by 2030 from USD 2,098.3 million in 2021, at a CAGR of 5.1% during the forecast period i.e. 2022-2030.

The geomembrane market is driven by factors such as increased popularity of geosynthetics in developing regions such as APAC and LAMEA. In addition, the increased concerns regarding water and waste management have increased the demand for geomembrane.

Growth Drivers

The market for geomembranes is anticipated to grow in the coming years due to increasing awareness of rainwater harvesting, stringent government norms for environmental conservation, etc. Moreover, rising focus of manufacturers to introduce innovative membranes are driving the growth of the market during the forecast period.

The mining industry is one of the major consumers of geomembranes. Geomembranes are used to help recapture and recycle the harmful chemicals being used in solution to treat ponds and secondary containment applications. This is expected to drive the growth of the geomembranes market during the forecast period.

There is a surging demand for waste management in order to lower pollution. The growing usage of geomembranes for the treatment of inorganic wastes such as hazardous heavy metals is driving the global geomembranes market during the forecast period. Geomembranes are used to deliver clean water to the community. Canals, dams, and reservoirs are sealed with geomembranes liners in order to prevent contamination of potable water with soil and other pollutants as well as prevent loss of water through infiltration of the water into the surrounding soil these are some of the factors boosting the growth of geomembranes market across the globe.

To effectively contain liquids and gases on a broad scale, geomembranes offer’s a virtually impenetrable barrier. Consequently, depending on the application and chemicals used for the lining application, geomembranes are produced for the lowest permeability achievable. This is also a major factor driving the growth of the global geomembranes market.

According to the Confederation of International Contractors ‘Associations (CICA), the output for residential and non-residential infrastructures will grow by 85% in terms of volume by 2030. Heavy infrastructural development combined with innovation in geomembranes, these membranes are widely used for road construction activities globally as they help to strengthen weak soil by holding them together thereby, increasing the life span of roads. Thus, growing infrastructural development are expected to drive growth opportunities for the geomembranes market during the forecast period.

Global Geomembranes Market Segmentation:

By Raw Material

·         High-density polyethylene (HDPE)

·         Low-density polyethylene (LDPE) & Linear low-density polyethylene (LLDPE)

·         Polyvinyl chloride (PVC)

·         Polypropylene

·         Ethylene propylene diene monomer (EPDM)

·         Others

By Technology

·         Extrusion

·         Calendering

·         Others

By Application

·         Mining

·         Tunnel Liners & Civil Construction

·         Waste Management

·         Water Management

·         Agriculture

·         Others

By Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Global Geomembranes Market by Raw Material Review

Based on the raw material, the global geomembranes market is segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE) & linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene, ethylene propylene diene monomer (EPDM), and others. On the basis of raw material high-density polyethylene (HDPE) segment has the largest market share and is anticipated to grow at fastest CAGR during forecast period. High-density polyethylene (HDPE) segment is witnessing fastest growth because HDPE possess excellent properties such as chemical resistance, high durability, high stability ultraviolet protection, inherent flexibility, and aging resistance from powerful stresses of weather. These geomembranes are used for applications that demand excellent chemical & UV resistance and overall endurance properties at an affordable cost.

Global Geomembranes Market by Technology Review

Based on the technology, the global geomembranes market is segmented into extrusion, calendering, and others. Extrusion segment accounted for 58.7% of the global geomembranes market revenue. The calendar in segment is expected to witness the fastest growth at over 5.3% during the forecast period.

Global Geomembranes Market by Application Review

Based on the application, the global geomembranes market is segmented into mining tunnel liners & civil construction, waste management, water management, agriculture, and others. On the basis of application mining segment is anticipated to be the largest in terms of revenue share around 40% of the global revenue. The rising output of the mining industry in China, India, Peru, Chile, Nigeria, and South Africa on account of the regulatory support and promotion of foreign investments is expected to fuel segment growth over the forecast. Water management segment is anticipated to grow at fastest CAGR during forecast period because use of geomembranes for water preservation is expected to grow in the future.

Regional Outlook

The global geomembranes market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

Asia Pacific is expected to dominate the geomembranes market, accounting for 32.8% of global revenue in 2021, and this trend is expected to continue throughout the forecast period. This is due to the investment in various mining and infrastructural development projects by developing economies such as India, China, South Korea, and Australia, which are driving the growth of the geomembranes market in the region. The growth of the geomembranes market in the region is also being boosted by the growing industrialization and rising awareness of the benefits of polymer-based geomembranes in the construction and mining industries in developing countries like India and China.

The North America region is expected to see significant growth during the forecast period, due to the increasing mining and construction activities. Increasing R&D activities for innovative geomembrane products and high-value investment is a primary factor driving the growth of the geomembranes market in the region.

The Europe region is expected to register steady growth during the forecast period. The major factor driving the growth of the geomembranes market in the region is rising demand for lithium by the rising electric automobile industry, leading to high mining activities, therefore increasing utilization of geomembrane.

Middle East and Africa and Latin America are anticipated to witness highest CAGR during the forecast period owing to government initiatives to invest in developing economies for infrastructure development, rising mining activities, increasing awareness for water and waste management and rain water harvesting techniques in the region.

Key Companies in Global Geomembranes Market

The research report offers a competitive analysis of prominent companies operating in the global geomembranes market. Some of the leading players profiled in the market research report include:

·        Agru America Inc.

·        GSE Environmental.

·        Solmax International Inc.

·        Atarfil SI

·        CETCO

·        Officine Meccaferri S.p.A.

·        Bridgestone America

·        Carthage Mils Erosion Control Company

·        JUTA Ltd.

·        Nilex, Inc.

·        NAUE GmbH & Co., KG

·        Raven Industries Inc.

·        PlastikaKritis SA

·        Carlisle SynTec systems

·        Other Players