The global geomembrane market size is expected
to reach USD 2.43 billion by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 4.9% over the forecast period.
Expansion of the agriculture sector and increasing production capacity of shell
gas are the major growth drivers.
Geomembrane can be used
as a lining system in commercial buildings, residential structures, and
infrastructure. Booming construction sector in South East Asia is projected to
benefit the market expansion. Indonesia, Malaysia, Thailand, and Vietnam are
expected to witness growth owing to increasing construction spending for
developing residential and commercial buildings. Indonesia is one of the most
populous countries in the world and the construction sector plays an important
role in its economy.
China’s National Energy Administration
(NEA) and the Chinese Government plans to accelerate the advancement of the
country's shale gas industry. The Chinese Government further supports the
development process by offering financial support to qualifying developments.
In addition, presence of large shale gas reserves in China, Australia, and
India is expected to drive the shale gas market.
Booming metals and mining sector in
emerging countries is estimated to benefit market expansion in the forthcoming
years. India will witness significant surge in the metal and mining sector
owing to infrastructural development, rising automotive production, and growth
of power and construction sector. Ample resources including iron ore, bauxite,
and coal are expected to create new opportunities over the forecast period.
Presence of major players including Coal India Limited, Hindalco, National
Mineral Development Corporation Ltd., NALCO, BALCO, Singareni Collieries
Company, Reliance Natural Resources, and SAIL will propel the mining sector
growth in the country.
Rising importance of geosynthetic materials
in the construction and mining sectors on account of favorable properties, such
as drainage control, containment, and landfill control, has compelled companies
to increase their expenditure on the development of new products, including
geosynthetic clay liner and geonets.
Geosynthetic clay liner is expected to
remain one of the superior products that finds applications in providing
landfill cover as well as containment control in the mining and construction
industries. It can be used in numerous applications including highway and civil
construction, mining, ponds, landfill, secondary containment, and landfill
caps.
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https://www.grandviewresearch.com/industry-analysis/geomembrane-market
https://www.grandviewresearch.com/industry-analysis/geomembrane-market
Further key findings from the study suggest:
· In terms of revenue, HDPE raw material
segment is anticipated to reach USD 762.3 million by 2025 at a CAGR of 4.7%
· In terms of revenue, waste management
application segment is projected to expand at a CAGR of 4.5% over the forecast
period
· In terms of revenue, mining application
segment led with a market share of 39.4% in 2018
· The Europe geomembrane market is
anticipated to reach 241.1 million square meters by 2025
· In terms of revenue, Middle East and Africa
is projected to register a CAGR of 6.0% over the forecast period. Growth of
mining sector is projected to contribute to the regional expansion
· Some of the key companies present in the
market are CETCO; GSE Holding, Inc.; Geofabrics Australasia Pty. Ltd; AGRU
Kunststofftechnik GmbH; and Carthage Mills Erosion Control Company, Inc.
Grand View Research has segmented the
global geomembrane market on the basis of raw material, technology,
application, and region:
Geomembrane Raw Material Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2014 - 2025)
·
HDPE
·
LDPE
·
EPDM
·
PVC
·
Others
Geomembrane Technology Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2014 - 2025)
·
Extrusion
·
Calendering
·
Others
Geomembrane Application Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2014 - 2025)
·
Waste Management
·
Water Management
·
Mining
·
Lining Systems
·
Others
Geomembrane Regional Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central and South America
·
MEA
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
