Geomembranes are low permeability synthetic liners or barriers used to control fluid or gas migration within soil, rock, earth, or any other geotechnical material, as an integral part of human-made projects, structures, or systems. Geomembranes have superior qualities such as excellent chemical resistance, high durability, high stability, ultraviolet protection, inherent flexibility, and aging resistance. The common application of geomembranes is in waste and water treatment facilities, landfills, reservoirs, pond liners, floating covers, and construction.
MarketsandMarkets expects the global geomembranes market to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period.
HDPE membranes are the fastest-growing type segment and are likely to lead the market in terms of value between 2020 and 2025. These membranes are chemical resistant, UV resistant, and aging resistant, and have long-term durability, high stability, and excellent flexibility. HDPE membrane's outstanding properties combined with low cost and easy availability are expected to help the high growth during the forecast period.
Waste management is the fastest-growing application of the geomembranes market owing to the increasing environmental concerns. Geomembrane liners protect the groundwater, a geomembrane cap contains landfill gas and covers prevent evaporation or contamination of valuable resources such as potable water and prevent odor emission. PVC geomembranes are the most suitable for this application due to their high elongation and durability. An increasing amount of municipal as well as industrial waste is the major factor leading to the highest growth rate in the market.
