Geomembranes Market Size
| 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 |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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.
Geomembranes Market Trends
This section covers the major market trends shaping the Geomembranes Market according to our research experts:
Waste Management Segment to Dominate the Market
- The water management application dominated the global market in the recent past. From ponds and canals to reservoirs, geomembranes have applications everywhere. With more than 50,000 dams worldwide and many more under construction, the use of geomembranes for water preservation is high.
- However, with the declining freshwater supplies, the need for water management is higher than ever.
- Seepage is a major source of water loss in conveyance schemes. However, this loss could be significantly curtailed through proper lining.
- As concerns about water conservation are on the rise, the demand for geomembrane too is expected to rise at a rapid pace over the forecast period.
- The demand for geomembrane is also increasing in canal lining applications, due to the growing need for the efficient usage of water and the remediate groundwater levels. Various countries in Asia-Pacific, such as China, India, and Uzbekistan, are generating the largest demand for geomembranes to be used in the canal lining application.
- These positive factors are expected to drive the usage of geomembrane in the water management industry over the forecast period.
Germany to Dominate the European Region
- Germany has been hit by new coronavirus outbreaks in late March and April 2021 and has approved supplementary budgets or extended financial support for businesses, affected workers, and the health care system.
- German Chancellor Angela Merkel is about to bow out as head of Germany after 16 years, marking the start of a new era for the country's economy. Taxation and spending could increase as political leaders double down on digitization and climate policy, thus wariness about rising government debt may take a back seat.
- The increasing water treatment activities, primarily in the northern region of the country, are boosting the demand for the membrane technologies market. This importance has led to efficient water and wastewater treatment methods, and nearly 100% of the wastewater in Germany is treated to meet the highest standards set by the European Union.
- Germany has more than five billion cubic meters of sewage water, which is generated, each year by private households, industry, and trade. Approximately three billion cubic meter of rainwater from paved surfaces and roads are discharged into sewage treatment plants, with a considerable additional amount of infiltration water entering the sewer system through leaks.
- Moreover, the green agriculture movement in Germany is growing fast, pushing the nation for an eco-friendlier agricultural sector. The huge size, coupled with the growing momentum, is projected to gain traction for the market studied in agricultural applications market in the country during the forecast period.
Geomembranes Industry Overview
The global geomembrane market is a highly fragmented market with no player having a significant share to influence the market. Key players in the geomembranes market include (not in any particular order) SOLMAX, Raven Industries, Inc., AGRU America, Inc., ATARFIL, S.L., and Plastika Kritis SA, among others.
Geomembranes Market Leaders
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Agru America Inc.
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Atarfil Sl
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Solmax Internationa Inc.
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Raven Industries Inc.
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Plastika Kritis SA
*Disclaimer: Major Players sorted in no particular order
Geomembranes Market News
- In April 2021, SOLMAX, a manufacturer of polyethylene geomembranes, has announced that the company has signed an agreement with Koninklijke Ten Cate to acquire TenCate Geosynthetics.
- In July 2019, RENOLIT SE, a german-based film manufacturer, has announced to create a joint venture (JV) in India for the production of geomembranes for construction and civil engineering. Additionally, the plant will be based in the company's distribution site in Pune, Maharashtra of India, and is planned to be operational as of 1 January 2021.
Geomembranes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Use in Lining Applications
4.1.2 Increased Use of Geomembranes in Mining Applications
4.2 Restraints
4.2.1 Increasing Use of Geosynthetic Clay Liner in Lining Systems and Landfill
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Raw Material
5.1.1 High-density Polyethylene (HDPE)
5.1.2 Low-density Polyethylene (LDPE)
5.1.3 Linear Low-density Polyethylene (LLDPE)
5.1.4 Polyvinyl Chloride (PVC)
5.1.5 Ethylene Propylene Diene Monomer (EPDM)
5.1.6 Polypropylene (PP)
5.1.7 Other Raw Materials
5.2 Application
5.2.1 Water Management
5.2.2 Waste Management
5.2.3 Mining
5.2.4 Construction
5.2.5 Agriculture
5.2.6 Soil Management
5.2.7 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Spain
5.3.3.6 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Chile
5.3.4.4 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share**(%)/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AGRU America, Inc.
6.4.2 ATARFIL, S.L.
6.4.3 Firestone Building Products Company LLC
6.4.4 Istanbul Teknik
6.4.5 Jutta Ltd.
6.4.6 NAUE GmbH & Co. KG
6.4.7 Nilex Inc.
6.4.8 Officine Maccaferri Spa
6.4.9 Plastika Kritis SA
6.4.10 Raven Industries, Inc.
6.4.11 RENOLIT SE
6.4.12 Shanghai Yingfan Engineering Material Co., Ltd
6.4.13 SOLMAX
6.4.14 Sotrafa
6.4.15 Texel Industries
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Awareness About Water Conservation in the Manufacturing Sector
Geomembranes Industry Segmentation
Geomembranes are giant impermeable membranes that are made of reinforced polymeric materials, are synthetic membrane liners or barriers, used with any geotechnical engineering-related material to control fluid (or gas) migration in a human-made project, structure, or system. Geomembranes can also be made from the impregnation of geotextiles with asphalt, elastomer, or polymer sprays, or as multilayered bitumen geocomposites. The geomembranes market is segmented by raw material, application, and geography. On the basis of raw material, the market is segmented by (High-density Polyethylene, Low-density Polyethylene, Linear Low-density Polyethylene, Polyvinyl Chloride, Ethylene Propylene Diene Monomer, Polypropylene, and Other Raw Materials. Based on application, the market is segmented into Water Management, Waste Management, Mining, Construction, Agriculture, Soil Management, and Other Applications. The report also covers the market sizes and forecasts for the Geomembranes market in major countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| Raw Material | |
| High-density Polyethylene (HDPE) | |
| Low-density Polyethylene (LDPE) | |
| Linear Low-density Polyethylene (LLDPE) | |
| Polyvinyl Chloride (PVC) | |
| Ethylene Propylene Diene Monomer (EPDM) | |
| Polypropylene (PP) | |
| Other Raw Materials |
| Application | |
| Water Management | |
| Waste Management | |
| Mining | |
| Construction | |
| Agriculture | |
| Soil Management | |
| Other Applications |
| Geography | ||||||||
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Geomembranes Market Research FAQs
How big is the Geomembranes Market?
The Geomembranes Market size is expected to reach USD 2.45 billion in 2024 and grow at a CAGR of 6.61% to reach USD 3.38 billion by 2029.
What is the current Geomembranes Market size?
In 2024, the Geomembranes Market size is expected to reach USD 2.45 billion.
Who are the key players in Geomembranes Market?
Agru America Inc., Atarfil Sl, Solmax Internationa Inc., Raven Industries Inc. and Plastika Kritis SA are the major companies operating in the Geomembranes Market.
Which is the fastest growing region in Geomembranes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Geomembranes Market?
In 2024, the Asia Pacific accounts for the largest market share in Geomembranes Market.
What years does this Geomembranes Market cover, and what was the market size in 2023?
In 2023, the Geomembranes Market size was estimated at USD 2.30 billion. The report covers the Geomembranes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Geomembranes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Geomembranes Industry Report
Statistics for the 2024 Geomembranes market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Geomembranes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
