Rising Dams To Drive Geomembranes Market Growth

Geomembranes Market
Geomembranes Market

Geomembrane 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), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa ) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The global Geomembrane Market is estimated to be valued at US$ 2,298.87 million in 2023 and is expected to exhibit a CAGR of 6.61 % over the forecast period as highlighted in a new report published by Coherent Market Insights.

Market Overview

A geomembrane might sound similar to a medical experiment gone wrong, however its usages and applications are varied and captivating. Geomembranes are artificial membrane liners or barriers utilized to maintain fluid migration in a manmade project, edifice, or system. Geomembranes are being utilized in ecological, hydraulic, transport, and oil and gas uses and the waste industry.

Competitive Landscape:

Key players involved in the growth of the global Geomembrane Market are ATARFIL, S.L., SOLMAX, AGRU America, Inc., Raven Industries, Inc., and Plastika Kritis SA.

Market Key Drivers:

Rising use of geomembranes for preservation of water in dams is projected to propel the growth of the global geomembrane for market. For instance, as per facts there are around 50,000 dams across the globe and many more in construction, the usage of geomembranes for water preservation is huge.

The rising water treatment activities is anticipated to drive the growth of global Geomembrane Market. For instance, around 100% of the wastewater in Germany is treated to fulfil the high standards set by the EU.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected by the growth of the global geomembrane for market due to the disruption in supply chain. Apart from it several organizations that provide water treatment techniques have decreased subsidized costs owing to economic variability which further has affected the geomembrane for market.

Key Takeaways:

The global Geomembrane Market is expected to exhibit a CAGR of 6.3 % during the forecast period owing to the rising sewage plans. For instance, Germany has above five billion cubic meters of sewage water, which is produced, every year by private households.

Among regions, North America, Asia Pacific and Europe anticipated to witness robust growth in the global geomembrane for market due to increasing investments, increasing approvals and launches, rising dams. For instance, In April 2021, SOLMAX, a producer of polyethylene geomembranes, has declared that the organization has signed an agreement with Koninklijke Ten Cate to attain TenCate Geosynthetics.

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