07-Sep-2022 | Facts and Factors
According to Facts and Factors, the global geomembrane market size was worth around USD 1.8 billion in 2021 and is predicted to grow to around USD 2.6 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2028.
During geotechnical engineering operations, geomembranes—large, impermeable liners—serve as protective barriers against liquids, gases, and other soluble contaminants. They are mostly produced utilizing elastomers, multi-layered bitumen geo-composites, and polyvinyl chloride (PVC), as well as high/low-density polyethene (H/LDPE) and geotextiles, infused with asphalt. They are frequently used for wastewater storage and waterproofing in man-made ponds, lakes, and swimming pools because of their high shear and tensile strength, resistance to high temperatures, ultraviolet (UV) rays, punctures, and abrasions.
Browse the full “Geomembrane Market Size, Share, Growth Analysis Report By Raw Material (HDPE, LDPE, EPDM, PVC, and Others), By Technology (Extrusion, Calendering, and Others), By Application (Waste Management, Water Management, Mining, Lining Systems, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/geomembrane-market
The market's demand for geomembrane has greatly increased due to the growth of aquaculture and fish farming. For instance, according to the Food and Agriculture Organization of the United Nations (FAO), over the past 25 years, there has been a 122% increase in fish consumption, and aquaculture has increased by 527% to meet that need. Currently, 7% of all proteins and 17% of all animal proteins consumed worldwide are derived from fish. It is anticipated that global edible fish consumption would increase by 18% by 2030 compared to 2018. Fish for food is already primarily produced by aquaculture. It will satisfy 58% of world demand by 2029. The product is the main driver of the global geomembrane market expansion since it is widely utilized for landfill and wastewater treatment. The need for geomembrane to construct potable water reservoirs is growing as the storage and provision of water become an increasingly important aspect of population expansion and development.
However, one of the main restraints on the growth of the geomembrane market is the fluctuation in raw material prices. Contrarily, it is anticipated that during the projection period, the geomembrane market would present attractive prospects due to rising infrastructure spending and increased awareness of water management.
The global geomembrane market is segmented based on technology, raw material, application, and region.
The global market is divided into extrusion, calendering, and other categories according to technology. Due to its extensive applications in numerous processes, including groundwater protection, environmental protection, civil construction, and water consumption, the extrusion segment is expected to hold a substantial market share over the projection period. To create extruded geomembranes, thermoplastic materials like HDPE are also employed for thermal welding. It is projected that the widespread use of these materials and their strong development potential would boost the extrusion technology industry.
The global market is divided into HDPE, LDPE, EPDM, PVC, and others based on the raw materials segment. With a revenue share of over 30% in 2021, the HDPE sector led, and it is anticipated that this trend would continue throughout the projection period. Properties like simple installation and strong thermal stability are attributed to the segment's expansion. HDPE is chosen over all other raw materials because of its superior strength, a property that is desired in numerous applications. It is commonly used in the production of geomembranes due to its broad potential for growth in the mining and construction industries.
The global market is divided into waste management, water management, mining, lining systems, and others based on application. In 2021, the mining sector had the biggest market share, and it is anticipated that it would continue to dominate during the projection period. The usage of geomembranes in the mining industry—including the extraction of metals, non-metallic minerals, and energy—is quickly growing as a result of their resistance to adverse weather. The geomembranes used in the mining sector most frequently are for heap leach pads, wastewater runoff ponds, tailing ponds, processed water containment, floating covers, soil remediation, secondary containment, and tailings cap enclosures.
The global geomembrane market is anticipated to be dominated by the Asia Pacific led by China and India. One of the major reasons for regional growth is the rapid industrialization and growing investment in infrastructural projects such as roads, construction, and others. For instance, the data for "China's investments and cooperation in countries along the Belt and Road" for January to December 2021 were made public by the Chinese Ministry of Commerce (MOFCOM) on January 21, 2022. These figures show that non-financial direct investments by Chinese companies amounted to roughly US$20.3 billion in nations "along the Belt and Road." In addition, 560 new projects with contract values over US$100 million were been signed. Thus, these types of investments create opportunities for manufacturers and influence market growth.
Throughout the forecast period, North America is expected to grow significantly. Due to the significant presence of the mining sector in Mexico for the extraction of silver, PVC geomembrane ought to be employed more frequently in heap leach mining applications. Additionally, it is projected that increasing shale gas extraction and interest in waste management applications will propel the market.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 1.8 Billion |
Projected Market Size in 2028 |
USD 2.6 Billion |
CAGR Growth Rate |
5.5% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Geofabrics Australasia Pty Ltd., CETCO, GSE Environmental, JUTA Ltd., Solmax International Inc., NAUE Gmbh & Co., KG, Officine Maccaferri Spa, PLASTIKA KRITIS S.A., Nilex Inc, Bridgestone America, Carlisle SynTec Systems, Raven industries, AGRU, Atarfil, Firestone Building Products, Ginegar Plastic Products, US Fabrics., and Others |
Key Segment |
By Raw Material, Technology, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The global geomembrane market is dominated by players like Geofabrics Australasia Pty Ltd., CETCO, GSE Environmental, JUTA Ltd., Solmax International Inc., NAUE Gmbh & Co., KG, Officine Maccaferri Spa, PLASTIKA KRITIS S.A., Nilex Inc, Bridgestone America, Carlisle SynTec Systems, Raven industries, AGRU, Atarfil, Firestone Building Products, Ginegar Plastic Products, and US Fabrics.
Recent Developments:
- In February 2020, To safeguard the weld edges of the geomembrane, AGRU introduced CleanSeam, a new product configuration for AGRU geomembrane liners. CleanSeam completely or significantly limits the possibility of fine soils, garbage, and stockpile dust coming into contact with seaming areas during or before the installation of geosynthetics.
- In November 2021, Solmax announced that it has reached an agreement to acquire Propex, a market-leading U.S. manufacturer of geosynthetics with a long and rich history in the construction, transportation, mining, and automotive industries. Solmax strengthens its position as a top supplier of geosynthetics solutions with this deal.
The global geomembrane market is segmented as follows:
By Raw Material
- HDPE
- LDPE
- EPDM
- PVC
- Others
By Technology
- Extrusion
- Calendering
- Others
By Application
- Waste Management
- Water Management
- Mining
- Lining Systems
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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