The global geomembranes market 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. This high growth is due to the increased mining activities in APAC and South America, the growing concerns towards waste and water management activities, and the increasing spending on infrastructure development.
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Rapid industrialization and urbanization in key countries such as China and India have spurred the demand for metals and minerals in the past few years. Other countries in APAC that have attracted significant mining investments include Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia. South America is also a high-growth region for the mining industry. It has become a preferred destination for mining investments by major global mining companies. Key countries such as Brazil, Peru, and Chile have large mining capacities and have witnessed increased investments from foreign companies over the past five years. The mining industry is one of the major consumers of geomembranes. Geomembranes are used to help recapture and recycle the harmful chemicals being used in solution to treat ponds and secondary containment applications. This is expected to drive the geomembranes market during the forecast period.
Mining, waste management, water management, and civil construction are the major applications in the geomembranes market. Of these, waste management is estimated to be the fastest-growing application. Geomembranes are essential for controlling the leakage of contaminated gas and liquid into the surrounding environment. They are ideally used in landfill caps, landfill covers, landfill liners, temporary landfill closures, animal waste containment, and sludge treatment application due to their ability to accommodate differential settlement in the waste pile.
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) & more.
Solmax (Canada) is a leading geomembranes manufacturer. The company aims to become the global expert in geosynthetics for the environmental containment and civil engineering markets. The company emphasizes the development of innovative products that are more reliable, stronger, resistant to contaminants, and affordable, even in developing countries.
AGRU (Austria) is a leading geomembranes manufacturer, boasting a wide product portfolio and application-oriented solutions. It has a global presence and serves various industries through its lining systems product group. It also has a strong sales networks which helps the company supply products in more than 150 countries.
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