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Global Geomembranes Market (2020 to 2025) - Growth, Trends, COVID-19 Impact, and Forecasts

Dublin, Feb. 25, 2021 (GLOBE NEWSWIRE) -- The "Geomembranes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for geomembranes is anticipated to register a CAGR of more than 7% during the forecast period. Geomembranes, which are giant impermeable membranes 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.

Growing use in lining applications and increased use of geomembrane in mining applications are augmenting the growth of the market. Increasing use of geosynthetic clay liner in lining systems and landfill is likely to hinder the market's growth.

Key Market Trends

Water Management Application to Witness the Highest Potential

  • The water management application dominated the global market.

  • From ponds and canals to reservoirs, the use of geomembranes is everywhere. With more than 50,000 dams worldwide and a lot under construction, the use of geomembrane for water preservation is profound.

  • The demand for geomembrane is also increasing in canal lining applications, due to the growing need for 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.

  • Furthermore, the aquaculture industry is considered one of the fastest-growing food sectors, worldwide. According to the Food and Agriculture Organization of the United Nations, the value of the global fish trade crossed USD 150 billion, with the growing demand for salmon and shrimp.

  • As the aquaculture market continues to expand, the use of pond liners, such as geomembrane, too will rise.

Germany to Dominate the European Region

  • Geomembranes to be used in constructions are going to be supported by the well performing building and construction industry in the country. Germany witnessed a 15% increase in the new residential building permits, and this growth trend is expected to continue, owing to the rising demand for real estate, increasing population, increased job security, and low borrowing costs.

  • The public investment increased by over 1.5% in the construction sector. The German State is intending to spend EUR 32,900 million on public infrastructure. This decision is inextricably connected with the substantial increase of the population in Germany.

  • Hence, due to the booming housing market and real estate demand, the construction and building industry is expected to grow rapidly. This is expected to increase the demand for geomembranes, which is a cost-effective way to meet the requirements for fluid barriers, containments, and other similar applications.

  • The increasing water treatment activities, primarily in the northern region of the country, is boosting the demand for geomembranes. Over the last decade, Germany has not only invested in domestic production of sewage systems, but it has also become an exporter of sewage technology.

  • Additionally, the country's waste management sector also contributes to sustainable production with high recycling and recovery rates, which in turn, helps to save raw materials and primary energy. Hence, we see a positive outlook for geomembranes from this segment.

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Competitive Landscape

The geomembranes market is expected to be partially fragmented, with the major players occupying small shares in the market. Key players in the geomembranes market include Solmax International Inc., Agru America Inc., Colorado Lining International Inc., and NaAUE GmbH & Co. KG, among others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format

  • 3 months of analyst support

Key Topics Covered:

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
4.1.3 Stringent Regulatory Framework for Environmental Protection
4.2 Restraints
4.2.1 Increasing Use of Geosynthetic Clay Liner in Lining Systems and Landfill
4.2.2 Potential for Stress Cracking in Some Situations
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
4.5 Production Process

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 ASEAN Countries
5.3.1.6 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 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 Sl
6.4.3 Carlisle Syntec Systems
6.4.4 Carthage Mills
6.4.5 Colorado Lining International Inc.
6.4.6 Environmental Protection Inc.
6.4.7 Firestone Building Products Company LLC
6.4.8 Juta AS
6.4.9 NAUE GmbH & Co. KG
6.4.10 Nilex Inc.
6.4.11 Officine Maccaferri SpA
6.4.12 Plastika Kritis SA
6.4.13 Raven Industries Inc.
6.4.14 Solmax International Inc.
6.4.15 Sotrafa

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/ewnkf8

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