The report "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", size is expected to grow from USD 2.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 7.6%. The growth in the market is attributed to high growth in the mining and construction industry with an increasing need for waste and water management activities. 

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Geomembranes Market Key Players

A few of the key players in the geomembranes market include

• 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)

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.

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By type, HDPE is expected to hold the largest market size in the global geomembranes market during the forecast period 

HDPE, LDPE & LLDPE, PVC, EPDM, and PP are some of the major types of geomembranes available in the market. HDPE is projected to be the largest and fastest-growing segment in terms of value during the forecast period. These membranes are cost-effective and are used widely in all regions. HDPE membranes possess excellent chemical & UV resistance and are available at an affordable cost. Their robust performance in critical applications will drive growth during the forecast period. 

By application, waste management is expected to grow at the highest CAGR in the global geomembranes market during the forecast period 

Mining, waste management, water management, and civil construction are some of the major applications in the geomembrane market. Waste management is estimated to be the fastest-growing application during the forecast period. Geomembranes are essential for controlling the leakage of contaminated gas and liquid into the surrounding environment. These membranes are widely used in landfill caps, landfill covers, landfill liners, temporary landfill closures, animal waste containment, and sludge treatment application due to their ability to accommodate differential settlement in the waste pile.

APAC is expected to have the largest market share during the forecast period

By region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. The APAC geomembranes market was the largest market in 2021. The growth in this region is primarily attributed to the enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to the well-established manufacturing and construction sector of the region.

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The report provides insights on the following pointers: 

• Market Penetration:Comprehensive information on the product portfolios of the top players in the Geomembranes market. 

• Product Development/Innovation:Detailed insights on the upcoming technologies, R&D activities, and product launches in the market. 

• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market. 

• Market Development:Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies. 

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Geomembranes market.

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