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SAN FRANCISCO , June 13, 2022 /PRNewswire/ -- The global geomembrane market size is expected to reach USD 3,132 million by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.2% from 2022 to 2030. Increasing shale gas production capacity in the U.S. and Canada , and an increase in mining activities in South America are expected to drive market growth in the forecast period.
Key Industry Insights & Findings from the report:
Read 100 page market research report, "Geomembrane Market Size, Share & Trends Analysis Report By Raw Material (HDPE, LDPE, EPDM, PVC), By Technology (Extrusion, Calendering), By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Geomembrane Market Growth & Trends
One of the major consumers of geomembranes is the mining industry. Geomembrane acts as containment in the form of a hydraulic barrier to water and some gases for landfill applications. They have environmental applications as they exhibit properties such as easy installation, mechanical & hydraulic consistency, versatility, and cost-effectiveness. This is expected to drive the market.
The application of geomembrane is growing in several industries including petrochemical, construction, and wastewater treatment. The increasing spending on infrastructure and rising awareness of water management is expected to further drive the market during the forecast period.
However, fluctuations in the prices of crude oil are the major factor that is restraining the growth of the market. Most of the raw material for geomembranes is petroleum-based and is vulnerable to volatility in the prices of crude oil. The fluctuations in crude oil prices directly affect the price of the raw materials required for geomembranes.
Million square meters, revenue in USD million, and CAGR from 2022 to 2030
Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends
Raw material, technology, application, region
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; India; Japan; Brazil; Argentina; Saudi Arabia
Grand View Research has segmented the geomembrane market on the basis of raw material, technology, application, and region:
Geomembrane Market - Raw Material Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
Geomembrane Market - Technology Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
Geomembrane Market - Application Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
Geomembrane Market - Regional Outlook (Volume, Million Sq. Meter; Revenue, USD Million, 2017 - 2030)
List of Key Players of Geomembrane Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Grand View Compass | Grand View Pipeline Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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