Geomembranes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Geomembranes Market is segmented by Raw Material (High-density Polyethylene, Low-density Polyethylene, Linear Low-density Polyethylene, Polyvinyl Chloride, Ethylene Propylene Diene Monomer, Polypropylene, and Other Raw Materials), Application (Water Management, Waste Management, Mining, Construction, Agriculture, Soil Management, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America and Middle-East and Africa). The report offers market size and forecast for Geomembranes in revenue (USD Million) for all the above segments.

Market Snapshot

Geomembranes Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 5.86 %

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Market Overview

The geomembranes market is expected to reach USD 2,887.90 million by 2026, registering a CAGR of 5.86% during the forecast period (2021-2026). The factors driving the growth of the market studied are the growing use in lining applications, increased use of geomembranesin mining applications, and stringent regulatory framework for environmental protection.

On the flip side, other than the impact of COVID-19 pandemic on the various end-user industries’ growth and supply chain disruptions, increasing use of geosyntheticclay liner in lining systems and landfill, and potential for stress cracking in some situations will hinder the growth of the market studied.

Factros such as development of resilient geomembrane suitable to harsh operational conditions and rising awareness about water conservation in the manufacturing sector are likley to offer numerous opportunities for the manufacturers over the forecast period.

Asia-Pacific dominated the global market both in terms of size and growth owing to the increasing consumption for countries such as China and India, among others.

Scope of the Report

Geomembranes are giant impermeable membranes that are made of reinforced polymeric materials, are synthetic membrane liners or barriers, used with any geotechnical engineering related material to control fluid (or gas) migration in a human-made project, structure, or system. Geomembranes can also be made from the impregnation of geotextiles with asphalt, elastomer, or polymer sprays, or as multilayered bitumen geocomposites. The geomembranes market is sgemented by raw material, application, and geography. On the basis of raw material, the market is segmented by (High-density Polyethylene, Low-density Polyethylene, Linear Low-density Polyethylene, Polyvinyl Chloride, Ethylene Propylene Diene Monomer, Polypropylene, and Other Raw Materials. Based on application, the market is segmented into Water Management, Waste Management, Mining, Construction, Agriculture, Soil Management, and Other Applications. The report also covers the market sizes and forecasts for the Geomembranes market in 18 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Raw Material
High-density Polyethylene (HDPE)
Low-density Polyethylene (LDPE)
Linear Low-density Polyethylene (LLDPE)
Polyvinyl Chloride (PVC)
Ethylene Propylene Diene Monomer (EPDM)
Polypropylene (PP)
Other Raw Materials
Application
Water Management
Waste Management
Mining
Construction
Agriculture
Soil Management
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Chile
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Waste Management Segment to Dominate the Market

Geomembranes are frequently used as an element in lining and capping systems for waste disposal facilities. Geomembrane use in landfills (particularly municipal solid waste landfills) has become standard practice over the past few decades. At present landfills are much more complexly engineered sites as they are extensively planned locations that are constantly monitored. This move toward increasingly more environmentally sound methods has also increased the efficiency of these sites. Before selecting a site for a landfill, city planners usually work with engineers to determine what the effects a landfill will have in the long term.

Landfills and other disposal sites are built with a secondary collection. The seepage from waste containment landfills must be collected and disposed off properly to prevent the contamination of surrounding soils and underlying water. An additional safety measure came when the EPA examined using alternative materials for landfill daily cover. Landfills are required to be covered at the end of each working day, and the original method was to use a layer of soil. Most landfills are required to apply at least 6 inch of soil as daily cover, and at least 12 inch of soil for intermediate cover. This was obviously wasteful of resources and used up the landfill quickly. Since 1993, landfills and state regulations have increasingly adopted alternative daily cover (ADC), typically turning to geomembranes such as polyethylene and PVC, which work well both to contain and to filter, and can be manufactured in very large and custom-fitting sheets.

Geomembranes had already been used as part of the liner underneath the landfill. It also became possible to use them as the top cover in the current times. Geomembranes are used for landfill caps to prevent fluid migration into the landfill, thereby reducing or eliminating post-closure generation of leachate and the associated treatment costs. The cap is also designed to trap and properly vent the gases generated during decomposition of organic wastes. Similarly, the closure system can prevent the seep of any fluids from the refuse body to the landfill surface.

Geomembranes Market - Segmentation Trends

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Germany to Dominate the European Region

In the Asia-Pacific region, China is the largest economy in terms of GDP. The country witnessed about 6.1% growth in its GDP during 2019, even after the trade disturbance caused due to its trade war with the United States. The economic growth rate of China in 2020 was initially expected to be moderate as compared to the previous year. However, due to the onset of COVID-19 in 2020, the economic growth of China is estimated to contract to some extent and is expected to witness recovery in 2021.

The construction industry grew at a strong pace in 2019, even though the growth slowed down during the year, compared to 2018. The construction sector has supported the economic growth in the country when ever major slowdown occurred. Demographics in the country is expected to continue to spur the growth in residential construction. Rising household income levels combined with population migrating from rural to urban areas are expected to continue to drive the demand for the residential construction sector in the country. Increased focus on affordable housing by both public and private sector will drive growth in the residential construction sector. However, COVID-19 massively affected the Chinese economy in the first half of 2020. Even though it is harder to predict, the Communist party of China always used the investment in the infrastructure and construction sector as a tool to fuel economy in when it faces slowdown. Therefore, a similar fiscal push by government in real estate to manage the crisis is expected to drive the market studied in the country

China stands to be the richest in the world, in terms of natural resources. The country holds the highest share in rare minerals production, followed by other major countries, such as Australia, the United States, and Russia. However, the COVID-19 has caused significant disruptions to the market. 90% of the country’s resources are coal and rare earth metals. China is a major producer of a diversified range of valuable minerals and metals, such as coal, gold, antimony, graphite, molybdenum, lead, phosphates, tungsten, tin, vanadium, and zinc. Besides, the country stands to be the second-largest producer of copper, bauxite, manganese, cobalt, and silver. It also produces gem diamond, chromium, and timber.

China feeds 22% of the world’s population on 7% of the world’s land. The importance of agriculture and food in China is quite self-explanatory. Even in terms of consumption, China has one of the largest agricultural area. In China, geomembranes have played a central role in allowing the agricultural produce and soil management. They have also enabled significant (approximately 30%) gains in wheat, cotton, potato, and maize yields. Moreover, the rising population and scarcity of essential crops in the country demands better soil management and agricultural produce. The country has recently faced shortage of rice due to very high demand and also faced problems in importing due to the COVID-19. This is expected to provide opportunities to the geomembranes industry in the country during the forecast period.

Geomembranes Market - Regional Trends

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Competitive Landscape

The global geomembrane market is a highly fragmented market with no player having a significant share to influence the market. The top companies are focusing on their R&D, product quality and new product line with their innovation and collaboration to the local market through subsidiaries or local distributors. Key players in the geomembranes market include SOLMAX, Raven Industries, Inc., AGRU America, Inc., ATARFIL, S.L., and Plastika Kritis SA, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Use in Lining Applications

      2. 4.1.2 Increased Use of Geomembranes in Mining Applications

      3. 4.1.3 Stringent Regulatory Framework for Environmental Protection

    2. 4.2 Restraints

      1. 4.2.1 Increasing Use of Geosynthetic Clay Liner in Lining Systems and Landfill

      2. 4.2.2 Potential for Stress Cracking in Some Situations

      3. 4.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Material

      1. 5.1.1 High-density Polyethylene (HDPE)

      2. 5.1.2 Low-density Polyethylene (LDPE)

      3. 5.1.3 Linear Low-density Polyethylene (LLDPE)

      4. 5.1.4 Polyvinyl Chloride (PVC)

      5. 5.1.5 Ethylene Propylene Diene Monomer (EPDM)

      6. 5.1.6 Polypropylene (PP)

      7. 5.1.7 Other Raw Materials

    2. 5.2 Application

      1. 5.2.1 Water Management

      2. 5.2.2 Waste Management

      3. 5.2.3 Mining

      4. 5.2.4 Construction

      5. 5.2.5 Agriculture

      6. 5.2.6 Soil Management

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Chile

        4. 5.3.4.4 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AGRU America, Inc.

      2. 6.4.2 ATARFIL, S.L.

      3. 6.4.3 Dajin Geosynthetics

      4. 6.4.4 Firestone Building Products Company LLC

      5. 6.4.5 Istanbul Teknik

      6. 6.4.6 Jutta Ltd.

      7. 6.4.7 NAUE GmbH & Co. KG

      8. 6.4.8 Nilex Inc.

      9. 6.4.9 Officine Maccaferri Spa

      10. 6.4.10 Plastika Kritis SA

      11. 6.4.11 Raven Industries, Inc.

      12. 6.4.12 Shanghai Yingfan Engineering Material Co., Ltd

      13. 6.4.13 SOLMAX

      14. 6.4.14 Sotrafa

      15. 6.4.15 Texel Industries

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Resilient Geomembrane Suitable to Harsh Operational Conditions

    2. 7.2 Rising Awareness About Water Conservation in the Manufacturing Sector

**Subject to Availability

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Frequently Asked Questions

The Geomembranes Market market is studied from 2016 - 2026.

The Geomembranes Market is growing at a CAGR of 5.86% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Agru America Inc., Atarfil Sl, Solmax Internationa Inc., Raven Industries Inc., Plastika Kritis SA are the major companies operating in Geomembranes Market.

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