Geomembranes Market | Key players operating in the market include Solmax, Raven Industries, AGRU, Carlisle Construction Materials LLC, Atarfil

According to recent market research the "Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP), Manufacturing Process (Extrusion, Calendering), Application (Mining, Waste Management, Water Management, Civil Construction), and Geography - Global Forecast to 2027", Geomembranes market size is projected to reach USD 3.7 billion by 2027 from USD 2.6 billion in 2022 growing at a CAGR of 7.6%.

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By type HDPE is expected to hold the largest market size in the global geomembranes market during the forecast period

HDPE, LDPE & LLDPE, PVC, EPDM, and PP are some of the major types of geomembranes available in the market. HDPE is projected to be largest and fastest-growing segment in terms of value during the forecast period . These membranes are cost-effective and are used widely in all regions. HDPE membrane possess excellent chemical & UV resistance and are available at an affordable cost. Their robust performance in critical applications will drive the growth during forecast period.

By application waste management is expected to grow at the highest CAGR in the global geomembranes market during the forecast period

Mining, waste management, water management, and civil construction are the some of the major applications in the geomembranes market. Waste management is estimated to be the fastest-growing application during the forecast period. Geomembranes are essential for controlling the leakage of contaminated gas and liquid into the surrounding environment. These membranes are widely 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.

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The global geomembranes market size is expected to grow from USD 2.6 billion in 2022 and is project to reach USD 3.7 billion by 2027, at a CAGR of 7.6%. The major factors driving the market is growing mining activities in APAC and South America. Furthermore, the growing concerns towards waste and water management activities will also drive the market in near future.

Some of the leading manufacturers of geomembranes are 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), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US). These players have adopted various growth strategies, such as, merger, and acquisition, investment, expansion to expand their footprint in the geomembranes market in near further. Expansion and acquisitions is dominating strategy adopted by major players from 2017 to 2022, which helped them in expanding their geographical presence and customer base.

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Raven Industries (US) one the leading player in the geomembranes market has invested strongly in strategic developments. The company has adopted expansion and acquisition as its key growth strategies in the recent years. In January 2020, the company opened a new facility in Waynesboro, Virginia. This expansion will help the company to provide a heightened level of service and faster product delivery to customers of its energy, geomembrane, and construction markets in the East Coast region of the US.

Atarfil (Spain) is expanding in the geomembranes market by focusing on various strategies such as acquisition and expansion. The company established its first US manufacturing & distribution facility in Suffolk, Virginia, in September 2017. The company invested around USD 5.1 million for this expansion. This new facility helped the company serve the US market and expand its global presence.

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