The report "Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP, Others), Manufacturing Process (Extrusion, Calendering, Others), Application (Mining, Waste Management, Water Management, Civil Construction, Others), and Region - Global Forecast to 2025", size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. The major factors driving the geomembranes market include high growth in the mining and construction industry with an increasing need for waste and water management activities.
HDPE, LDPE & LLDPE, PVC, EPDM, and PP are the major types of geomembranes available in the market. HDPE are the largest and fastest-growing segment in terms of value. These membranes are cost-effective and are used widely in all regions. They are designed to be used in applications, which require excellent chemical & UV resistance at an affordable cost. Their robust performance in critical applications is expected to help their high growth during the forecast period.
Based on region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. North America geomembranes market was the largest market in 2019. Market growth is primarily due to enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to well-established manufacturing and construction sector of the region.
Major vendors in the geomembranes market include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US).
