Geomembrane Market Size, Share & Trends Analysis Report By Raw Material (HDPE, LDPE), By Technology (Extrusion, Calendering), By Application (Waste Management, Water Management), And Segment Forecasts, 2019 - 2025

Industry Insights

The global geomembrane market size was valued at USD 1.73 billion in 2018 and is expected to witness a CAGR of 4.9% from 2019 to 2025. Growth in construction and mining sectors is projected to drive the market. Also, increasing shale gas production in countries such as Canada and U.S. is anticipated to remain key contributors to growth.

Geomembrane helps prevent contamination from grounds and pollutants in commercial buildings, residential structures, and infrastructures such as metro stations and airports. Growth of the construction sector in China and India with favorable regulatory norms to improve domestic infrastructure is expected to catalyze the product demand in near future.

Easy availability of polypropylene, which is a major raw material, in U.S. on account of the high prevalence of petrochemical complexes of companies including ExxonMobil, Chevron Phillips, Shell, and BP is expected to remain a favorable factor. Rising acceptance of calendaring process in the U.S. geosynthetics industry on account of the capability of processing engineering polymers, including EPDM and PVC is to remain key focus area over the next seven years.

In terms of revenue, U.S accounted for more than 80% of market share in North America in 2018 and is projected to register a CAGR of 3.2% over the forecast period. The strict regulations from federal and state agencies for the use of geosynthetics is to remain a key contributor to the market growth.

Raw Material Insights

HPDE was the majorly used raw material, accounting for 32.3% of global geomembrane market in terms of volume in 2018. Easy installation and good thermal stability during exposure is anticipated to augment the demand for HDPE as raw material for the production. Manufacturers in this sector also use HDPE as it is one of the least expensive raw materials compared to other engineering polymers including PVC and EPDM. However, HDPE based products are highly prone to stress cracking and provide low puncture resistance. Increasing adoption of EPDM and PVC as raw materials for manufacturing geomembrane in key markets including Germany and U.K. is expected to reduce the application of HDPE over the next seven years.

Technology Insights

Extrusion technology is expected to lead the market during the forecast period. The method produces materials with customized thickness, shapes, and textures, which suit a wide range of applications. Waste management, water management, and mining are the major applications of this material.

Unreinforced geomembranes, especially those manufactured by use of semi-crystalline polymeric substances such as polyethylene, are generally manufactured by extrusion phenomenon. Increasing activities related to water consumption, civil construction, and groundwater protection across the globe are expected to fuel demand for extruded geomembrane in the forthcoming years.

North America followed by Europe accounted for significant volume and revenue shares of the global market in 2018. These regions, however, are expected to witness stabilized growth, supported by the consumption of extruded geomembranes for water and waste management applications.

Application Insights

Mining is anticipated to remain the fastest growing sub-segment in near future and is projected to register a CAGR of 5.5% from 2019 to 2025. Geomembrane is used in mining industry for preventing the leakage of leachates where metal dissolution takes place. The usage of geomembrane results in providing drainage solution and protects soil from contamination.

Rising water infrastructure activities in U.S. are estimated to serve as another growth driver for the market. Manufacturers from various industries are concentrating on reducing environmental impact. For this purpose, the companies have increased their expenditure on such issues to earn carbon credits.

Governments from various countries have set stringent regulations for waste management practices. Through these regulations, they are concentrating on industrial and municipal sector. This in turn, is projected to contribute to the market growth. Implementation of Draft Waste Management Rules 2015 by the government of India is expected to remain a key focus area in the industry.

Regional Insights

Asia Pacific held the largest market share of 36.1% in terms of demand in 2018. Positive outlook towards offshore oil and gas sector and civil construction industry in China, India, and Southeast Asian countries is likely to fuel the regional demand for geomembrane during the forecast period.

Stringent regulations aimed at implementation of waste management practices in municipal and industrial sectors by the government of Germany are expected to promote various applications over the next seven years. However, increasing incorporation of other geosynthetic materials, including clay lining systems and geonets, is expected to pose a substitutional threat to geomembrane during the forecasting period.

In April 2014, the government of Mexico announced the National Infrastructure Plan (2014-2018) with an investment of USD 587 billion. Under the program, the government planned to invest USD 590 billion over a period of four years for the improvement of infrastructure in energy, urban development, transportation, communication, and healthcare sectors at the domestic level.

Geomembrane Market Share insights

Some of the key market participants include GSE Holdings, CETCO,Solmax,Officine Maccaferri, Agru America, NAUE, and Juta. The companies focus on inorganic growth strategies through mergers and acquisitions in the global space. The vendors are also keen on capacity expansion. Manufacturing companies are expected to increase spending on advanced fillers for enhancing properties of the finished geotechnical products to provide customers with better quality.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global geomembrane market report based on raw material, technology, application, and region:

• Raw Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  • HDPE

  • LDPE

  • EPDM

  • PVC

  • Others

• Technology Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  • Extrusion

  • Calendering

  • Others

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  • Waste Management

  • Water Management

  • Mining

  • Lining systems

  • Others

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

  • Central and South America

    • Brazil

  • MEA