Geomembrane Market Growth & Trends Up to 2022: Radiant Insights

New Study - Geomembrane Market Analysis Research Report

to 2022: Radiant Insights

Geomembrane, a low permeable material, is used to control the gas or fluid migration in industries such as mining,

construction etc. It is used for pond liners, water treatment, landfills, tunnels, and so on; since it provides highquality tensile strength and tear & puncture resistance. Moreover, it also reduces wrinkles providing stability on

sharp side slopes in landfill sites. The growth of the mining industry in various developing countries such as Chile,

South Africa, Mexico, and Peru, due to favorable investment plans & policies by their governments is anticipated to

widen the geomembrane application scope. The global geomembrane market is estimated to have a rapid growth

over the forecast period (2015–2022). The market is divided into raw materials, technologies, applications, and

regions.

The raw materials segment consists of Low-Density Polyethylene (LDPE), Ethylene-Propylene Diene Monomer

(EPDM), High-Density Polyethylene (HDPE), and Polyvinyl Chloride (PVC). The PVC sector is estimated to have a

decent growth in the near future since it is highly flexible and can be easily installed. The HDPE sector was the

widely consumed raw material. The EPDM sector is expected to be the fastest-growing segment. The LDPE sector is

also projected to have a lucrative growth over the next seven years.

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The technology sector includes calendering and extrusion. Geomembrane is produced using extrusion procedure.

However, the calendaring method is also being widely adopted by different companies in order to offer a high

tolerance level. Many other technologies, such as spread coating, are likely to face a slower growth because of

limited production scope.

The application segment includes construction, water management, and mining. The mining sector dominated the

application...