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Global Geomembrane Market Analysis, Drivers, Restraints, Threats & Growth Forecast to 2030

The global geomembrane market size was worth around USD 2.3 Billion in 2022 and is predicted to grow to around USD 3.5 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.4% between 2023 and 2030.

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➤ The market is expanding due to the growing awareness of environmental issues.

The increasing level of environmental consciousness is one of the primary factors driving the global geomembranes market. Geomembranes can effectively prevent the leakage of hazardous gases, toxic liquids, and other contaminants, thereby minimizing environmental damage, at a reasonable cost. It is extensively employed in numerous landfill sites worldwide due to its stability and safety when employed on landfill sites. Geomembrane bottom covers, notably HDPE geomembranes, have been employed in landfills for nearly two decades.

➤ The market development is significantly impeded by the volatility of raw material prices.

Basic materials, including HDPE, LDPE/LLDPE, PVC, PP, and EPDM, are the primary components of geomembranes. In order to enhance the effectiveness of geomembranes, additives, antioxidants, and plasticizers are also incorporated. The cost and accessibility of the aforementioned basic materials are directly influenced by crude oil.

➤ A lucrative opportunity is presented by the construction and mining industry’s rapid expansion.

HDPE liners are employed to seal the mine during mine restoration to prevent refuse from polluting the ecosystem. To facilitate quality assurance and leak detection during installation, high-tensile strength HDPE geomembrane liners can be coextruded with electrical layers.

➤ The geomembrane’s short lifespan presents a significant obstacle.

Numerous variables influence the degradation of polymers in geomembranes. The market expansion is significantly impeded by the lifespan of the geomembranes, which is influenced by factors such as UV exposure, chemical effects, biological contaminants (animal, fungus), and thermal expansion.

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The Global Geomembrane Market is segmented based on product, application and region

Global Geomembrane Market: Product Segment Analysis

● Others

Global Geomembrane Market: Application Segment Analysis

● Waste Management
● Water Management
● Mining
● Lining Systems
● Others

The global Geomembrane market profiles key players such as:

● Bridgestone Americas Inc.
● Anhui Huifeng New Synthetic Materials Co. Ltd
● Carlisle SynTec Systems
● Officine Maccaferri Spa
● Juta a.s.
● Carthage Mills Inc.
● Nilex Inc.
● GSE Environmental
● NAUE GmbH & Co. KG
● Colorado Lining International Inc

???? Recent Developments:

• SOLMAX, a manufacturer of polyethylene geomembranes, announced in April 2021 that it has reached an agreement to acquire TenCate Geosynthetics from Koninklijke Ten Cate.

• The BontexGeo Group, a European industry leader in the production and sale of geosynthetics for civil engineering applications, has reached an agreement to acquire Geotexan S.A., a company based in Minas de Riotinto, Huelva (ES) that specializes in the manufacture and sale of geosynthetics and fibers. Geotexan S.A. has a strong market position in Spain. This acquisition expands BontexGeo’s geographic presence in Europe.

➤ The market is anticipated to be dominated by the Asia Pacific region during the forecast period.

During the forecast period, the geomembrane industry is anticipated to experience growth in the Asia Pacific region. The market expansion in this region is primarily driven by the increasing number of manufacturing facilities and industrialization, as well as the increasing public awareness of pollution and waste management. The market for geomembranes is also expanding as a result of the increasing number of government initiatives to support the circular economy and mitigate carbon emissions.

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