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With 7.82% CAGR, Geomembrane Market Size to Reach USD 3.9 Billion by 2028

According to Exactitude Consultancy the Global Geomembrane Market value is expected to reach USD 3.9 Billion by 2028, growing at a 7.82% CAGR of Between Forecast Period 2023 and 2028.

PUNE, India, March 17, 2023 /PRNewswire/ -- The Global Geomembrane market size is expected to reach USD 3.9 Billion in 2028. Over the forecast period revenue is expected to increase with a CAGR of 7.82%. The market is driven by the increasing demand for geomembranes in the waste management and water management industries. The growing awareness about environmental pollution and the need for sustainable waste management practices are also driving the demand for geomembranes.

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Geomembranes are thin, flexible sheets made of various synthetic materials, such as HDPE (high-density polyethylene), LLDPE (linear low-density polyethylene), PVC (polyvinyl chloride), EPDM (ethylene propylene diene monomer), and others. They are used as barriers to prevent the movement of liquids, gases, or other substances in a variety of applications, including waste containment, water management, mining, agriculture, and construction.

The waste management segment is the largest application segment of the geomembrane market, accounting for over 40% of the total market share. Geomembranes are used in landfill liners, landfill caps, and other waste containment applications to prevent the leakage of pollutants into the surrounding environment. The water management segment is the second-largest application segment of the geomembrane market, accounting for around 25% of the total market share. Geomembranes are used in applications such as canal lining, reservoir lining, and aquaculture to prevent water loss and contamination.

Asia Pacific is the largest market for geomembranes, accounting for over 35% of the total market share. The region is expected to continue its dominance during the forecast period, owing to the increasing demand for geomembranes in countries such as China, India, and Japan. North America and Europe are the other significant markets for geomembranes, driven by the growing demand for sustainable waste management practices and the increasing adoption of geomembranes in various applications. Overall, the geomembrane market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable waste management practices, water management, and mining applications.

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Driver and Restrain: 

Increased mining activities in APAC and South America

In recent years, the demand for metals and minerals has increased due to the growing industrialization and urbanization in major countries like China and India. This has led to a surge in mining investments in other APAC countries, including Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia. South America has also emerged as a significant region for the mining industry, attracting investments from major global mining companies. Countries like Brazil, Peru, and Chile have witnessed increased foreign investments in their large mining capacities over the last five years. As the mining industry is one of the major consumers of geomembranes, the rising demand for metals and minerals is expected to drive the geomembrane market during the forecast period. Geomembranes play a crucial role in capturing and recycling harmful chemicals used in solution for pond treatment and secondary containment applications in the mining industry.Top of Form

Fluctuating raw material prices on account of volatility in crude oil prices

One of the primary challenges faced by geomembrane manufacturers is the volatility of crude oil prices. Since most raw materials used in geomembrane production are petroleum-based, they are susceptible to rapid fluctuations in crude oil prices. Any rise or fall in crude oil prices directly impacts the cost of these raw materials, leading to higher production costs for manufacturers. As a result, leading manufacturers have to deal with high and volatile raw material costs, which can reduce their profit margins.

Report Attribute


Revenue forecast in 2028

USD 3.9 billion

Geomembrane Market Growth rate

CAGR of 7.82% from 2023 to 2028

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2028

Quantitative units

Revenue in USD Million, volume in units, CAGR from 2023 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, trends

Segments covered

By Raw Material; Technology; Application and By Region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; India; Japan; Brazil; Argentina; Saudi Arabia

Key companies profiled

GSE Holdings, Cetco, Agru Kunststofftechnik GMBH, Geofabrics Australasia Pty Ltd, Carthage Mills Erosion Control Company Inc, Naue Gmbh & CO., KG, Jatu Ltd

Customization scope

Free report customization with purchase. Addition or alteration to country, regional & segment scope.

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Companies Covered in Geomembrane Market Report:

Report Benefits

Browse Full Premium Report | Geomembrane Market Analysis with Strategic Developments


Regional Insights

The Asia Pacific region held the largest share of the global geomembrane market, accounting for 32.9% of the revenue in 2021. This trend is expected to continue during the forecast period due to increased industrialization and awareness of the benefits of polymer-based geomembrane in construction and mining industries in countries like China and India.

In North America, the geomembrane market is projected to grow at a CAGR of 3.3% from 2023 to 2028. The presence of a strong mining industry in Mexico for extracting silver is expected to drive the use of PVC geomembrane in heap leach mining applications. Additionally, increased shale gas production and a focus on waste management applications are expected to drive market growth.

In key European markets such as Germany and the U.K., there is a shift towards using EPDM and PVC as raw materials for geomembrane manufacturing, which may decrease the use of HDPE due to their superior thermal and mechanical properties. However, sluggish growth in the manufacturing sectors of these countries may hinder market growth. Furthermore, the increasing use of substitute products like clay lining systems and geonets may pose a threat to the geomembrane market during the projected period.

Key Market Segments: Global Geomembrane Market

By Raw Material

By Technology

By Application

By Region

Recent Developments

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SOURCE Exactitude Consultancy

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