Nov 23, 2022   SOURCE: BusinessWire

Global Geomembranes Market Report 2022 to 2027 - Increasing Spending on Infrastructural Developments Presents Opportunities - ResearchAndMarkets.com

The "Global Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP), Manufacturing Process (Extrusion, Calendering), Application (Mining, Waste Management, Water Management, Civil Construction), and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global geomembranes market is expected to grow from USD 2.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 7.6% during the forecast period.

The HDPE membranes type segment is projected to grow at a higher CAGR during the forecast period

By type, HDPE is the largest as well as the fastest-growing segment in the geomembranes market. The geomembranes market has been categorized as HDPE, LDPE & LLDPE, PVC, EPDM, and PP. HDPE membranes are available for low price and has a dense configuration (>0.94 g/cm3) when compared with other polyethylene types.

They are easily available and have long-term durability. They also possess excellent chemical and UV resistance. These membranes are used in various applications, such as landscaping, mining, aquaculture, energy, waste, and water.

The mining application is expected to have largest market share during the forecast period

Based on application, the geomembrane market has been categorized into mining, waste management, waste management, and civil construction.

Mining is expected to be the largest application in the geomembranes market. Geomembranes have various applications in the mining industry such as containment system that restrains the effect of mining operations on the environment owing to their excellent properties such as chemical resistance, elevated temperature range, low permeability, weatherability, UV resistance, and high tear and puncture resistance.

APAC is expected to have the highest growth rate during the forecast period

APAC is expected to have the highest growth rate during the forecast period owing to an increase in development activity related to the mining and construction industry. The large population of countries like China, India, South Korea, Indonesia, and others countries provide huge opportunities for the mining sectors of APAC. Moreover, high population also results in high amount of waste generation and demand for clean water, which will, in turn, drive the need for waste and water management. The above-mentioned factors will drive the geomembrane market in this region.

Market Dynamics

Drivers

  • Increased Mining Activities in APAC and South America
  • Growing Concerns for Waste and Water Management Activities

Restraints

  • Fluctuating Raw Material Prices on Account of Volatility in Crude Oil Prices

Opportunities

  • Increasing Spending on Infrastructural Developments

Companies Mentioned

  • Agru
  • Anhui Huifeng New Synthetic Materials
  • Atarfil
  • Beijing Geo Environ Engineering & Technology
  • Carlisle Construction Materials LLC
  • Carthage Mills
  • Cetco
  • Environmental Protection
  • Firestone Building Products
  • Geofabrics
  • Geosynthetics Limited
  • Ginegar Plastic Products
  • Global Synthetics
  • Juta
  • Layfield Group
  • Maccaferri
  • Naue Group
  • Nilex
  • Plastika Kritis
  • Powerchina Huadong Engineering Corp. Ltd.
  • Raven Industries
  • Solmax
  • Soprema
  • Sotrafa
  • Texel Industries Limited
  • Titan Environmental Containment
  • University of Hohai
  • US Fabrics
  • Watershed Geosynthetics LLC

For more information about this report visit https://www.researchandmarkets.com/r/mou6cd