The global geomembrane market was valued at $2,048 million in 2015, and is projected to reach $3,537 million by 2022, growing at a CAGR of 7.8% from 2016 to 2022. Geomembranes, the most significant group within geosynthetics, are manufactured using flexible polymeric materials that are impermeable in nature, which creates a barrier to the movement of water and fluids. These membranes are also called as synthetic liners, polymeric membranes, or flexible membrane liners. They prevent the dispersal of contaminants and are used to create a composite lining system that provides added security, owing to their ability to block fluids. These membranes have a wide range of applications, such as solid waste containment, mining, waste water containment, mining, landfills, and civil engineering, owing to their remarkable mechanical properties such as tear resistance, impact resistance, puncture resistance, tensile strength & elongation, and interface shear strength.
In 2015, North America and Asia-Pacific led the market, in terms of both value and volume, owing to the regulatory framework concerning waste management, presence of well-established mining industries, and rapid industrialization. Advancement in water management technologies has led to a significant expansion in range of products & applications of geomembranes in the past few years. The market is driven by increase in regulations for the implementation of waste management and rise in utility of geomembranes in several applications; however, volatile raw material prices may hamper the market growth.
The geomembrane market is segmented based on raw material type, technology, application, and geography. On the basis of raw material type, the market is divided into-high density polyethylene (HDPE), low-density polyethylene (LDPE), ethylene propylene diene monomer (EPDM), polyvinyl chloride (PVC), polypropylene (PP), and others. On the basis of technology, it is categorized into extrusion, calendaring, and others. Furthermore, based on application, it is categorized into water management, waste management, mining, tunnel liners & civil engineering, and others. On the basis of geography, it is classified into North America, Europe, Asia-Pacific, and LAMEA.
On June 10, 2015, Solmax International launched a hot liquid rated series of geomembranes, which utilize a special resin and additive package to improve the hydrostatic strength and long-term durability in a typical service temperature application. These geomembranes perform well even at a temperature as high as 100°C for an extended period of time.
Major market players are as follows:
KEY MARKET BENEFITS
KEY MARKET SEGMENTS
By Raw Material
Other major players in the industry include the following:
*The above list of companies is not profiled in the report, but can be added based on client interest.
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