Geomembranes Market Size Worth US$ 3.2 Billion by 2025- Latest Report by MarketsandMarkets™
Verfasser: ashwani_kailiya on Tuesday, 9 August 2022The report "Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP, Others), Manufacturing Process (Extrusion, Calendering, Others), Application (Mining, Waste Management, Water Management, Civil Construction, Others), and Region - Global Forecast to 2025", size is expected 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. The major factors driving the geomembranes market include high growth in the mining and construction industry with an increasing need for waste and water management activities.
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The HDPE is expected to hold the largest market size in the global geomembranes market during the forecast period
HDPE, LDPE & LLDPE, PVC, EPDM, and PP are the major types of geomembranes available in the market. HDPE are the largest and fastest-growing segment in terms of value. These membranes are cost-effective and are used widely in all regions. They are designed to be used in applications, which require excellent chemical & UV resistance at an affordable cost. Their robust performance in critical applications is expected to help their high growth during the forecast period.