Market Size of Geomembranes Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.45 Billion |
| Market Size (2029) | USD 3.38 Billion |
| CAGR (2024 - 2029) | 6.61 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Geomembranes Market Analysis
The Geomembranes Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 3.38 billion by 2029, growing at a CAGR of 6.61% during the forecast period (2024-2029).
The impact of COVID-19 pandemic on the various end-user industries' growth and the resultant supply chain disruptions has impacted the market negatively. Apart from this many companies that offer water treatment technologies have reduced subsidized prices due to economic instability which further has impacted the market studied.
- The factors driving the growth of the market studied are the growing use in lining applications, increased use of geomembranes in mining applications, and stringent regulatory framework for environmental protection.
- On the flip side, increasing the use of geosynthetic clay liners in lining systems and landfills, and the potential for stress cracking in some situations will hinder the growth of the market studied.
- Factors such as the development of resilient geomembrane suitable to harsh operational conditions and rising awareness about water conservation in the manufacturing sector are likely 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.
