SOLMAX (Canada) and Officine Maccaferri Spa ( Italy) are the Key Players in the Geosynthetics Market

The global geosynthetics market is projected to reach USD 13.2 billion by 2026 from USD 9.9 billion in 2021, at a CAGR of 6.0% between 2021 and 2026. The rising demand for geosynthetics is majorly due to increasing investments on infrastructural developments, and rising concerns over waste and water management globally. Market growth is largely driven by the increasing population and urbanization, coupled with increasing industrial activities in the APAC and South America which is expected to offer opportunities for manufacturers during the forecast period. Developments in the field of technology, and growing demand for sustainable products are presenting opportunities for the geosynthetics market.

Geosynthetics market is dominated by APAC in 2020. The region is growing at a faster rate which accounts for the high growth of the geosynthetics market. The emerging market of India, China, and other countries of the APAC are growing and boosting the regional market growth. Rapidly increasing population, urbanization, and industrialization are expected to drive the geosynthetics market in APAC. Rising investment In the development of public infrastructure and growing demand for solid waste management system are the major factors driving the geosynthetics demand in the region.

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The key players in the geosynthetics market include SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa ( Italy), Berry Global Inc ( US), and Agru America, Inc ( US). The geosynthetics market report analyzes the key growth strategies, such as new product launches, expansions, joint ventures, agreements, partnerships, and mergers & acquisitions adopted by the leading market players between 2018 and 2021.

SOLMAX is a leading player in the geosynthetics business. Its diversified product portfolio reduces its market risks. The company has a strong global presence with a sales presence in more than 100 countries.

It develops innovative products that meet the quality standards and environmental regulations. SOLMAX focuses on development of sustainable and performance products with high expenditure on R&D to provide effective and efficient products to its customers. Investment and acquisition are among the key business strategies used by the company to strengthen its market position.

Officine Maccaferri is an active player in geosynthetics business. It caters to the needs of customers by providing innovative and performance driven materials. The company is taking initiatives to enhance its operational performance and improve profitability. It focuses on improving performances within existing business by undertaking innovation activities across its segments. It also emphasizes on development of customer-focused solutions that satisfies critical end-use requirements, hence is successful to build long-lasting relations with its customers.

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Increased mining activities in APAC and South America driving the Geomembranes Market

The global geomembranes market 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. This high growth is due to the increased mining activities in APAC and South America, the growing concerns towards waste and water management activities, and the increasing spending on infrastructure development.

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Rapid industrialization and urbanization in key countries such as China and India have spurred the demand for metals and minerals in the past few years. Other countries in APAC that have attracted significant mining investments include Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia. South America is also a high-growth region for the mining industry. It has become a preferred destination for mining investments by major global mining companies. Key countries such as Brazil, Peru, and Chile have large mining capacities and have witnessed increased investments from foreign companies over the past five years. The mining industry is one of the major consumers of geomembranes. Geomembranes are used to help recapture and recycle the harmful chemicals being used in solution to treat ponds and secondary containment applications. This is expected to drive the geomembranes market during the forecast period.

Mining, waste management, water management, and civil construction are the major applications in the geomembranes market. Of these, waste management is estimated to be the fastest-growing application. Geomembranes are essential for controlling the leakage of contaminated gas and liquid into the surrounding environment. They are ideally used in landfill caps, landfill covers, landfill liners, temporary landfill closures, animal waste containment, and sludge treatment application due to their ability to accommodate differential settlement in the waste pile.

Major vendors in the geomembranes market include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China) & more.

Solmax (Canada) is a leading geomembranes manufacturer. The company aims to become the global expert in geosynthetics for the environmental containment and civil engineering markets. The company emphasizes the development of innovative products that are more reliable, stronger, resistant to contaminants, and affordable, even in developing countries.

AGRU (Austria) is a leading geomembranes manufacturer, boasting a wide product portfolio and application-oriented solutions. It has a global presence and serves various industries through its lining systems product group. It also has a strong sales networks which helps the company supply products in more than 150 countries.

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Geomembranes Market and Its Key Opportunities and Challenges

The Geomembranes Market is expected to grow from USD 2.2 billion in 2016 to USD 3.4 billion by 2021, at a compound annual growth rate (CAGR) of 9.2% during the forecast period. The increasing environmental awareness and demand for freshwater resources are triggering the use of geomembranes in the water management application, thereby driving the market.

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Market Dynamics
Driver: Growing level of environmental awareness
Geomembranes can efficiently prevent the leakage of poisonous fluids, harmful gases, among other pollutants at an affordable cost, which reduces damage to the environment. It is widely used in various landfill sites all over the world, owing to its stability and safety during use on landfill sites.

Restraint: Fluctuating prices of raw materials
The primary raw material required to manufacture geomembranes are HDPE, LDPE/LLDPE, PVC, PP, EPDM, and others. The price and availability of the aforementioned raw materials are directly dependent on crude oil. The prices of materials such as polyethylene and propylene are very volatile, making the price of end products inconsistent.

Opportunity: Development of resilient geomembranes to sustain in harsh operational conditions
Geomembranes are vital products in protecting water from hazardous solid and liquid waste materials. These act as hydraulic barriers in the purification processes and also as a gas barrier, preventing air pollutants from escaping. They are used in the waste containment projects, landfills, leachate pads during mining, refineries, and many other applications.

Challenge: Dependency on government authorizatio
Geomembranes are mostly used in public projects such as mining, canals, reservoir, power plants, and others. These projects have involvement of various government organizations and some public-private partnerships (PPP). Such projects are highly prone to delays caused by slack in financial clearances, environmental approvals, and other approvals from the respective authorities.

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In 2015, North America was the leading geomembranes market. Geomembranes are used extensively in the waste management application in the region. Increased environmental awareness and initiatives related to environmental protection and the use of geomembranes for waste management have helped in the growth of the market. The US is the dominant market in North America.

The key players operating in the geomembranes market include GSE Environmental, LLC (US), Agru America, Inc. (US), Solmax International, Inc. (Canada), Atarfil SL (Spain), NAUE GmbH & Co. KG (Germany), Officine Maccaferri S.p.A (Italy), Colorado Lining International, Inc. (US), Firestone Building Products Company, LLC (US), Plastika Kritis S.A. (Greece), and Carlisle SynTec Systems (US).

New Product Launches is the key strategy adopted by the leading players to Grow in the Geomembranes Market

Geomembranes are impermeable membrane liners or barriers used to block the movement of water, fluids, or other materials of soluble nature in man-made structures. The global geomembranes market is projected to reach USD 3.41 Billion by 2021 at a CAGR of 9.2% from 2016 to 2021. Globally, the demand for geomembranes is high, which is triggered by the growing level of environmental awareness around the world, as these are used for the safe disposal of hazardous waste and lowering water pollution levels. In addition to this, the increasing applicability of geomembranes in numerous applications including waste management, water management, mining, tunnel lining, aquaculture, coal ash ponds, and golf ponds, among others, is one of the key factors driving the geomembranes market.

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Companies operational in the geomembranes market adopted strategies, such as new product launches, expansions, mergers & acquisitions, and agreements to achieve growth. New product launches is the key strategy adopted by the market players in the geomembranes market. This strategy accounted for a share of 41.7% of the total growth strategies adopted by market players between 2012 and 2017. Some of the key players, including GSE Environmental, LLC (U.S.), Solmax International, Inc. (Canada), Agru America, Inc. (U.S.), Atarfil SL (Spain), NAUE GmbH & Co. KG (Germany), Officine Maccaferri S.p.A (Italy), Colorado Lining International, Inc. (U.S.), Plastika Kritis S.A. (Greece), Firestone Building Products Company, LLC (U.S.), and Carlisle SynTec Systems (U.S.) have adopted these strategies to develop their businesses, globally.

GSE Environmental LLC (U.S.) is a leading player in the global geomembranes market. As a part of its growth strategy, the company developed a new product, the Photocurable geomembrane which has properties such as superior elasticity and curability, in November 2013. This product launch was expected to help the company to improve its product portfolio, especially coatings, molding materials, and adhesives. Also, in May 2014, GSE opened a new geosynthetics manufacturing plant in Suzhou, China to support the growing demand for geosynthetics in the country. The plant is built with the latest technology to manufacture all types of geomembranes developed by the company.

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Solmax International, Inc. (Canada) is another major manufacturer of geomembranes and one of the largest producers across the globe. As a part of its business strategy, the company focuses on new product launches. In June 2015, the company launched the HLR Series geomembranes that possess special properties, such as durability and efficient performance at temperatures as high as 100°C.

Geomembranes Market covered the Asia – Pacific Market

The players in the markets are taking strategic decisions such as acquisitions and expansion as a major move to tap the growing market. In terms of materials, HDPE & LDPE take a majority of share in the market due to their unmatched advantages such as cost effectiveness and durability as compared to the other materials. The HDPE & LDPE materials will remain dominant in future, in the manufacturing of geomembranes.

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The geomembranes market is driven by the demand arising mainly from the waste and water management issues. The respective Local governments of almost every country have made protocols for ground water protection and consumption, mine work tailings, coal ash management, environment protection and sustainability, and so on. Growing urbanization in APAC countries is giving rise to solid and liquid waste generation, which are the potential issues of the future. Also, huge markets like China have sanctioned $28 billion for waste water management programs in the five year plan of 2011-2015. Mining is the potential market for geomembranes as millions of square meters of membranes will be required for pond lining, and so on. The East European countries, along with Russia, are the major markets for waste and water management due to the laws of environment protection being practised here. Recently.

Tunnel liners are a niche, but a potential market of the future. This market is mainly seen in the European countries.

The markets of Peru, Chile, Africa, and Middle East are highly attractive, but challenging as GSE (Environmental), a market leader has already tapped the market, but still, the opportunities exist for niche applications. Oil and Gas, an important application, which has been considered under mining application is the future market in the ROW region. The countries like Peru and Chile are also some of the important markets which are discussed in brief as they are the top producers of copper and other minerals.

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