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Geomembranes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 170 Pages
  • April 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 5265161
UP TO OFF until Dec 31st 2023
The geomembranes market is expected to reach USD 2,887.90 million by 2026, registering a CAGR of 5.86% during the forecast period (2021-2026). The factors driving the growth of the market studied are the growing use in lining applications, increased use of geomembranesin mining applications, and stringent regulatory framework for environmental protection.
  • On the flip side, other than the impact of COVID-19 pandemic on the various end-user industries’ growth and supply chain disruptions, increasing use of geosyntheticclay liner in lining systems and landfill, and potential for stress cracking in some situations will hinder the growth of the market studied.
  • Factros such as development of resilient geomembrane suitable to harsh operational conditions and rising awareness about water conservation in the manufacturing sector are likley to offer numerous opportunities for the manufacturers over the forecast period.
  • Asia-Pacific dominated the global market both in terms of size and growth owing to the increasing consumption for countries such as China and India, among others.

Key Market Trends

Waste Management Segment to Dominate the Market

Geomembranes are frequently used as an element in lining and capping systems for waste disposal facilities. Geomembrane use in landfills (particularly municipal solid waste landfills) has become standard practice over the past few decades. At present landfills are much more complexly engineered sites as they are extensively planned locations that are constantly monitored. This move toward increasingly more environmentally sound methods has also increased the efficiency of these sites. Before selecting a site for a landfill, city planners usually work with engineers to determine what the effects a landfill will have in the long term.

Landfills and other disposal sites are built with a secondary collection. The seepage from waste containment landfills must be collected and disposed off properly to prevent the contamination of surrounding soils and underlying water. An additional safety measure came when the EPA examined using alternative materials for landfill daily cover. Landfills are required to be covered at the end of each working day, and the original method was to use a layer of soil. Most landfills are required to apply at least 6 inch of soil as daily cover, and at least 12 inch of soil for intermediate cover. This was obviously wasteful of resources and used up the landfill quickly. Since 1993, landfills and state regulations have increasingly adopted alternative daily cover (ADC), typically turning to geomembranes such as polyethylene and PVC, which work well both to contain and to filter, and can be manufactured in very large and custom-fitting sheets.

Geomembranes had already been used as part of the liner underneath the landfill. It also became possible to use them as the top cover in the current times. Geomembranes are used for landfill caps to prevent fluid migration into the landfill, thereby reducing or eliminating post-closure generation of leachate and the associated treatment costs. The cap is also designed to trap and properly vent the gases generated during decomposition of organic wastes. Similarly, the closure system can prevent the seep of any fluids from the refuse body to the landfill surface.

Germany to Dominate the European Region

In the Asia-Pacific region, China is the largest economy in terms of GDP. The country witnessed about 6.1% growth in its GDP during 2019, even after the trade disturbance caused due to its trade war with the United States. The economic growth rate of China in 2020 was initially expected to be moderate as compared to the previous year. However, due to the onset of COVID-19 in 2020, the economic growth of China is estimated to contract to some extent and is expected to witness recovery in 2021.

The construction industry grew at a strong pace in 2019, even though the growth slowed down during the year, compared to 2018. The construction sector has supported the economic growth in the country when ever major slowdown occurred. Demographics in the country is expected to continue to spur the growth in residential construction. Rising household income levels combined with population migrating from rural to urban areas are expected to continue to drive the demand for the residential construction sector in the country. Increased focus on affordable housing by both public and private sector will drive growth in the residential construction sector. However, COVID-19 massively affected the Chinese economy in the first half of 2020. Even though it is harder to predict, the Communist party of China always used the investment in the infrastructure and construction sector as a tool to fuel economy in when it faces slowdown. Therefore, a similar fiscal push by government in real estate to manage the crisis is expected to drive the market studied in the country

China stands to be the richest in the world, in terms of natural resources. The country holds the highest share in rare minerals production, followed by other major countries, such as Australia, the United States, and Russia. However, the COVID-19 has caused significant disruptions to the market. 90% of the country’s resources are coal and rare earth metals. China is a major producer of a diversified range of valuable minerals and metals, such as coal, gold, antimony, graphite, molybdenum, lead, phosphates, tungsten, tin, vanadium, and zinc. Besides, the country stands to be the second-largest producer of copper, bauxite, manganese, cobalt, and silver. It also produces gem diamond, chromium, and timber.

China feeds 22% of the world’s population on 7% of the world’s land. The importance of agriculture and food in China is quite self-explanatory. Even in terms of consumption, China has one of the largest agricultural area. In China, geomembranes have played a central role in allowing the agricultural produce and soil management. They have also enabled significant (approximately 30%) gains in wheat, cotton, potato, and maize yields. Moreover, the rising population and scarcity of essential crops in the country demands better soil management and agricultural produce. The country has recently faced shortage of rice due to very high demand and also faced problems in importing due to the COVID-19. This is expected to provide opportunities to the geomembranes industry in the country during the forecast period.

Competitive Landscape

The global geomembrane market is a highly fragmented market with no player having a significant share to influence the market. The top companies are focusing on their R&D, product quality and new product line with their innovation and collaboration to the local market through subsidiaries or local distributors. Key players in the geomembranes market include SOLMAX, Raven Industries, Inc., AGRU America, Inc., ATARFIL, S.L., and Plastika Kritis SA, among others.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
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
4.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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
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 China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom Italy France Spain Rest of Europe
5.3.4 South America Brazil Argentina Chile Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AGRU America, Inc.
6.4.2 ATARFIL, S.L.
6.4.3 Dajin Geosynthetics
6.4.4 Firestone Building Products Company LLC
6.4.5 Istanbul Teknik
6.4.6 Jutta Ltd.
6.4.7 NAUE GmbH & Co. KG
6.4.8 Nilex Inc.
6.4.9 Officine Maccaferri Spa
6.4.10 Plastika Kritis SA
6.4.11 Raven Industries, Inc.
6.4.12 Shanghai Yingfan Engineering Material Co., Ltd
6.4.13 SOLMAX
6.4.14 Sotrafa
6.4.15 Texel Industries
7.1 Development of Resilient Geomembrane Suitable to Harsh Operational Conditions
7.2 Rising Awareness About Water Conservation in the Manufacturing Sector

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AGRU America, Inc.
  • Dajin Geosynthetics
  • Firestone Building Products Company LLC
  • Istanbul Teknik
  • Jutta Ltd.
  • NAUE GmbH & Co. KG
  • Nilex Inc.
  • Officine Maccaferri Spa
  • Plastika Kritis SA
  • Raven Industries, Inc.
  • Shanghai Yingfan Engineering Material Co., Ltd
  • Sotrafa
  • Texel Industries