TheHDPE Geomembrane Marketis forecasted to grow from USD 2.06 billion in 2018 to USD 4.45 billion by 2026, at a CAGR of 9.5%, during the forecast period. The market is primarily driven by the growing usage of geomembranes in waste management applications and a strict regulatory framework for environmental protection in several applications such as oil gas, agriculture, concrete protection and industrial applications.
A geomembrane is a category of a geosynthetic that has very low permeability and is used in geotechnical engineering to control fluid or gas migration in a structure or a system like solid waste containment, water containment and mining. It is usually made using thin, continuous polymeric sheets, but can also be made using asphalt, elastomers, or polymeric sprays.
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Further key findings from the report suggest
- TheHDPE Geomembrane Marketis forecasted to grow from USD 2.06 billion in 2018 to USD 4.45 billion by 2026, at a CAGR of 9.5%, during the forecast period. The market is primarily driven by the growing usage of geomembranes in waste management applications and a strict regulatory framework for environmental protection in several applications such as oil gas, agriculture, concrete protection and industrial applications.
- The market for high density polyethylene (HDPE) is expected to grow the largest at USD 1.24 billion in 2026, at a CAGR of 9.2% during the forecast period. HDPE is a polyethylene thermoplastic made from petroleum. It provides excellent strength due to its density, very durable and has a high UV and chemical resistance. It can be recycled and repurposed, hence making it valuable and eco-friendly. Due to this, they have the highest market volume. They are usually used as dam, reservoir and landfill lining.
- The market for waste management is estimated to hold the largest market and is expected to reach USD 1.64 billion in 2026, at a CAGR of 10.2% during the forecast period. Due to the high chemical resistance and durability of HDPEs and PVCs, they are used in waste management, as landfill lining to prevent any leaching of hazardous materials into the soil or groundwater for more than 30 years.
- The main players involved in this industry are GSE Environmental LLC (US), Agru America Inc. (US), Solmax International Inc. (Canada), Nilex Inc. (Canada), Carthage Mills (US), NAUE GmbH Co. KG (Germany), Officine Maccaferri S.p.A. (Italy), Geofabrics Australasia Private Limited (Australia), Carlisle Syntec Systems (US), Huifeng Geosynthetics (China), Raven Engineered Films (US), and others.
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Raw Material(Million Square Meter)(Revenue, USD Million; 2016-2026)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Ethylene Propylene Diene Monomer (EPDM)
- Polyvinyl Chloride (PVC)
Technology(Million Square Meter)(Revenue, USD Million; 2016-2026)
- Extrusion
- Calendaring
- Others
Application(Million Square Meter)(Revenue, USD Million; 2016-2026)
- Waste management
- Mining
- Water management
- Tunnels Civil Construction
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Significant Features that are under Offering and Key Highlights of the Reports:
Detailed overview of theHDPE Geomembrane Market
Changes in industry market dynamics
Detailed market segmentation by type, application, etc.
Historical, current and projected market size in terms of quantity and value
Recent industry trends and developments
Competition situation ofHDPE Geomembrane Market
Key companies and product strategies
Potential niche segment/region showing promising growth.
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