Geomembrane Market Size, Share & Trends Analysis Report By Raw Material (HDPE, LDPE, EPDM, PVC), By Technology (Extrusion, Calendering), By Application, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global geomembrane market size was estimated at USD 1,986.6 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.2% from 2022 to 2030. The increasing shale gas production capacity in the U.S. and Canada, coupled with an increase in mining activities in South America are expected to drive the market for geomembrane over the forecast period. The global construction and mining sector is experiencing limited growth as a result of the economic slowdown induced by the Covid-19 crisis. As a result, due to poor market sentiment and the disruption caused by the pandemic, the market has suffered a setback.

In the U.S., the widespread use of geomembranes for waste and water treatment, as well as for the collection of leachate, is driving the market for geomembrane. In addition, the extensive use of calendaring technology in the U.S., on account of the capability to process engineering polymers, will aid market growth in the coming years. Furthermore, the easy availability of polypropylene, which is a major raw material, due to the high prevalence of petrochemical industries is expected to remain a favorable factor.

Increasing infrastructure spending and increased awareness of water management are projected to fuel the market for geomembrane. Furthermore, increasing activities related to environment protection, civil construction, and groundwater protection are expected to drive the market over the forecast period. However, variations in crude oil prices are a major factor limiting the growth of the geomembranes industry. The majority of geomembranes' raw materials are petroleum-based, making them subject to crude oil price fluctuations. The price of raw materials is directly impacted by changes in crude oil prices.

The market player's key strategies are technology launches, acquisitions, and R&D operations. There are several companies in the market, and no single business has a majority share of the market to influence it. However, the market for geomembrane is consolidated by the top few businesses accounting for the overwhelming share.

Raw Material Insights

The HDPE raw material segment led the market for geomembrane and accounted for 31.7% of the global revenue in 2021. It is expected to grow steadily from 2022 to 2030. HDPE is expected to dominate the raw material segment for the production of geomembranes on account of exhibiting key features like easy installation and good thermal stability. HDPE is preferred over any other raw materials as it exhibits high strength which is desired property in various applications. It is commonly used in manufacturing geomembrane as its application lies in industries like mining and construction which has huge growth potential.

The EPDM raw material segment accounted for a significant market share in 2021 and is expected to witness the fastest CAGR of 6.5% from 2022 to 2030. It is increasingly used as a raw material on account of providing good flexibility, excellent mechanical strength, and effective UV resistance.Rising awareness of the usage of EPDM in the construction industry of emerging economies is expected to complement the market growth over the projected period. However, the high price of EPDM as compared to HDPE, LDPE, and PP is anticipated to have a negative impact on the market.

Technology Insights

The extrusion technology segment led the market for geomembrane and accounted for 58.7% of the global revenue in 2021. It is extensively used in activities related to environmental protection, civil construction, water consumption, and groundwater protection. An increase in these activities across the globe is expected to boost the segment over the forecast period. Extruded geomembranes are manufactured using linear low-density polyethylene (LLDPE) and HDPE. In addition, extruded geomembranes are manufactured by thermal welding of thermoplastic compounds such as HDPE. The extensive use of these materials, which has high growth potential, is expected to strengthen the extrusion technology segment.

The calendering technology segment accounted for a substantial market share in 2021 and is expected to witness the fastest growth at over 5.4% from 2022 to 2030. This technology is generally used in processing both polymeric and rubber-based geomembrane. Due to the widespread use of this technology, it is expected to offer significant growth prospects. The demand for calendered geomembrane is estimated to witness a stable growth in North America over the forecast period owing to the presence of stringent federal regulation in the U.S., over the use of these materials. Moreover, these regulations are estimated to support the penetration of the product in waste management applications.

Application Insights

The mining applications led the geomembrane market and accounted for 40.0% of the global revenue in 2021. The rising output of the mining industry in Peru, Chile, Nigeria, and South Africa on account of the regulatory support and promotion of foreign investments is expected to fuel segment growth over the forecast. The product is utilized as solution ponds and heap leach pads to provide containment control in the mining industry. Furthermore, it is also utilized in pond liners to check for leaks and prevent effluent and gas movement.

The waste management application segment accounted for a significant share of the market in 2021. Governments are promoting the use of geomembranes through strict regulations targeted at implementing waste management practices in municipal and industrial sectors. The penetration of geomembranes in water management is expected to witness significant growth over the forecast period owing to the booming shale gas industry in the U.S. and Canada. Furthermore, a positive outlook toward the construction sector in the Asia Pacific is expected to boost demand for geomembranes in water management.

Regional Insights

Asia Pacific dominated the market for geomembrane and accounted for 32.9% of the global revenue in 2021 and is expected to continue the trend over the forecast period. This can be attributed to the growing industrialization, coupled with the rising awareness regarding the benefits of polymer-based geomembrane in the construction and mining industries in developing countries like China and India.

In North America, the market for geomembrane is expected to witness a CAGR of 3.3% from 2022 to 2030. The robust presence of the mining industry for extracting silver in Mexico is expected to promote PVC geomembrane in heap leach mining applications. In addition, the increased production of shale gas coupled with the increasing focus on the waste management application is expected to drive the market.

In key markets including Germany and the U.K., the increasing adoption of EPDM and PVC as raw materials for manufacturing geomembrane is expected to reduce the application of HDPE. This is primarily on account of their good thermal and mechanical properties. However, the sluggish growth of the manufacturing sectors in key European countries including Germany, the U.K., and France, is expected to hamper the market in the Europe region. Moreover, the increasing incorporation of other substitute products, like clay lining systems and geonets, is expected to pose a substitutional threat to the market over the projected period.

Key Companies & Market Share Insights

The companies are expected to launch new products fortified with excellent features including good mechanical strength of enhanced waterproofing resistance. Manufacturing companies are projected to invest more in sophisticated fillers to improve the qualities of final geotechnical goods and give better service to clients. Moreover, the companies are also focusing on inorganic growth through mergers and acquisitions along with establishing partnerships with e-commerce portals to ensure that the buyers have timely access to geotechnical products. Some of the prominent players in the geomembrane market include:

• GSE Environmental

• CETCO

• Geofabrics Australasia Pty Ltd.

• Carthage Mils Erosion Control Company, Inc.

• NAUE GmbH & Co., KG

• JUTA Ltd.

• Solmax International Inc.

• Officine Maccaferri S.p.A

• Plastika Kritis S.A.

• Nilex, Inc.

• Bridgestone America

• Carlisle SynTec Systems

• Anhui Huifeng New Synthetic Materials Co., Ltd.

 Geomembrane Market Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global geomembrane market report on the basis of raw material, technology, application, and region:

• Raw Material Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • HDPE

  • LDPE

  • EPDM

  • PVC

  • Others

• Technology Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • Extrusion

  • Calendering

  • Others

• Application Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • Waste Management

  • Water Management

  • Mining

  • Lining Systems

  • Others

• Regional Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia