The global geomembranes market size is expected to grow from USD 2.6 billion in 2022 and is project to reach USD 3.7 billion by 2027, at a CAGR of 7.6%. The major factors driving the market is growing mining activities in APAC and South America. Furthermore, the growing concerns towards waste and water management activities will also drive the market in near future.
Some of the leading manufacturers of geomembranes are Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US). These players have adopted various growth strategies, such as, merger, and acquisition, investment, expansion to expand their footprint in the geomembranes market in near further. Expansion and acquisitions is dominating strategy adopted by major players from 2017 to 2022, which helped them in expanding their geographical presence and customer base.
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Raven Industries (US) one the leading player in the geomembranes market has invested strongly in strategic developments. The company has adopted expansion and acquisition as its key growth strategies in the recent years. In January 2020, the company opened a new facility in Waynesboro, Virginia. This expansion will help the company to provide a heightened level of service and faster product delivery to customers of its energy, geomembrane, and construction markets in the East Coast region of the US.
Atarfil (Spain) is expanding in the geomembranes market by focusing on various strategies such as acquisition and expansion. The company established its first US manufacturing & distribution facility in Suffolk, Virginia, in September 2017. The company invested around USD 5.1 million for this expansion. This new facility helped the company serve the US market and expand its global presence.
Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP), Manufacturing Process (Extrusion, Calendering), Application (Mining, Waste Management, Water Management, Civil Construction), and Geography - Global Forecast to 2027
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