The global geomembrane market Growth Accelerated by Wide Range of Applications
Geomembranes are synthetic polymeric sheets widely used to control fluid migration in civil and environmental engineering projects. They provide a barrier function and are puncture resistant. These sheets find applications in mining, waste containment and management, water infrastructure, and transportation. Key benefits include durability, chemical resistance, flexibility, and cost-effectiveness. The global geomembrane market is estimated to be valued at US$ 2,215.3 Million in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing construction industry globally has fuelled the demand for geomembranes in various construction applications like landfill capping and lining systems, reservoirs, mining applications. Geomembranes are widely used in mining industry for heap leach pad lining, tailing pond lining. Rapid urbanization and growing infrastructure...