Global Geomembrane Market By Raw Material (LDPE, HDPE, EPDM, and Other Raw Materials), By Application (Lining Systems, Waste Management, Mining, Water Management, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Geomembrane Market Overview:

The global geomembrane market was valued at USD 2,010 million in 2021. It is expected to grow at a CAGR of 5% between 2023 and 2032.

Over the forecast period, the market for geomembrane will be driven by the increasing shale gas production capacities in the U.S.A. and Canada as well as an increase in South American mining activities. Due to the Covid-19 crisis, the global construction and mining industry is seeing a slowdown in growth. Market sentiment has been poor and disruptions caused by the pandemic have resulted in a market setback.

Global Geomembrane Market Scope:

Raw Material Analysis

The market leader in geomembrane was the HDPE raw material segment, which accounted for 31.2% of global revenue in 2021. It is expected that it will continue to grow from 2023 to 2032. HDPE will be the dominant raw material for geomembrane production due to its key features such as easy installation and thermal stability.

HDPE is preferable to other raw materials because of its high strength, which is a desirable property for many applications. Because of its high growth potential, HDPE is often used to manufacture geomembrane.

In 2021, EPDM accounted for a large market share and will see the fastest CAGR at 6.1% between 2023 and 2032. Because of its high flexibility, mechanical strength, and UV resistance, EPDM is becoming more popular as a raw material. This will help to boost the market’s growth. The market will be affected by the EPDM’s high price relative to HDPE, LDPE, and PP.

Application Analysis

Mining applications accounted for 41.2% of the global geomembrane revenue in 2021. The segment growth is expected to be fueled by the rising output of the mining industries in Peru, Chile, and Nigeria due to regulatory support and promotion for foreign investments.

It is used in heap leach pads and solution ponds to provide containment control for the mining industry. It is also used in pond liners to prevent gas and effluent movement and check for leaks.

In 2021, a large share of the market was held by the waste management applications segment. Geomembranes are being promoted by governments through strict regulations that aim to implement waste management practices in the industrial and municipal sectors. Due to the growing shale gas industry in Canada and the U.S., geomembranes will see significant growth in their use in water management. A positive outlook toward the construction sector in the Asia Pacific is expected to boost the demand for geomembranes.

Кеу Маrkеt Ѕеgmеntѕ

By Raw Material

• LDPE
• HDPE
• EPDM
• Other Raw Materials

By Application

• Lining Systems
• Waste Management
• Mining
• Water Management
• Other Applications

Market Dynamics:

The U.S. market for geomembrane is being driven by the widespread use of geomembranes in waste and water treatment as well as the collection of leachate. Market growth will also be supported by the widespread use of calendaring technology in America, which allows for the processing of engineering polymers. The availability of polypropylene is expected to be a positive factor due to its high prevalence in the petrochemical sector.

The market for geomembrane is expected to grow due to increased infrastructure spending and an increase in awareness about water management. The market will be driven by increasing activities in groundwater protection, civil construction, environmental protection, and civil construction over the forecast period. The industry’s growth is limited by fluctuations in crude oil prices.

Petroleum-based raw materials make up the majority of geomembranes, so they are susceptible to fluctuations in crude oil prices. Changes in the prices of crude oil directly impact the price of raw materials.

Technology launches, acquisitions, and R&D are the key strategies of market players. The market is dominated by many companies, so no one business can control the majority of it. The market for geomembrane remains consolidated by the few top businesses that account for the majority of the market.

Regional Analysis

The Asia Pacific was the dominant market for geomembrane in 2021, accounting for 32.1% global revenue. This trend is expected to continue over the forecast period. This is due to growing industrialization and awareness about the benefits of geomembrane-based polymers in the mining and construction industries in developing countries such as India and China.

North America’s market for geomembrane will experience a 3.2% CAGR from 2023 to 2032. PVC geomembrane will be promoted in heap-leach mining applications due to the strong presence of Mexico’s mining industry. The market will be driven by the growing production of shale gas and the increasing emphasis on waste management.

The increasing use of EPDM, PVC, and other raw materials to make geomembrane in key markets like Germany and the U.K. is expected to decrease the need for HDPE. Because of their excellent mechanical and thermal properties, this is expected to reduce the need for HDPE. The market for Europe is likely to be affected by the slow growth of key European manufacturing sectors, such as France, Germany, and the U.K. The market will also be affected by the increased use of substitute products like geonets and clay lining systems.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Companies are expected to introduce new products with superior features, including enhanced mechanical strength and waterproofing resistance. To improve the quality of final geotechnical products and provide better customer service, manufacturing companies will likely invest in advanced fillers.

The companies also plan to invest in organic growth by merging and acquiring other companies, as well as forming partnerships with e-commerce portals to provide buyers with timely access to geotechnical goods. The following are some of the most prominent players in geomembrane.

Маrkеt Kеу Рlауеrѕ:

• GSE Environmental
• Geofabrics Australasia Pty Ltd.
• CETCO
• NAUE GmbH & Co.
• Carthage Mils Erosion Control Company, Inc.
• JUTA Ltd.
• Officine Maccaferri S.p.A
• Solmax International Inc.
• Other Key Players

For the Geomembranes? Market research study, the following years have been considered to estimate the market size: