Global Geomembranes market will reach 3080 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/19

Geomembranes market have been reporting a growth in recent years, owing to its increasing uses across various applications, such as waste management, road construction activities, mining, water management, tunnel lining, and others. Geomembranes have excellent chemical and UV resistance, ability to withstand high temperature, low permeability, weatherability, and high tear and puncture resistance, which makes effective in traditional products such as compacted clay, asphalt, and concrete. It is majorly being used in construction activities, which is the boosting the geomembrane market. It is as great barrier for movement of fluids, water, and other soluble materials, hence serves major role in landfills as it drastically lowers the seepage rate.

Geomembranes are being used in water conservation, manufacturing sectors, and construction industry. The traditional and new applications along with product development are expected to drive the need for geomembrane.

The global geomembranes market was valuated at US$2100 mn in 2017 and is expected to reach US$3080 mn by the end of 2025, rising at a CAGR of 4.9% between 2018 and 2025.

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