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Raven Industries (US) and Atarfil (Spain) are Leading Players in the Geomembranes Market

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Raven Industries (US) and Atarfil (Spain) are Leading Players in the Geomembranes Market

August 02
21:01 2021
Raven Industries (US) and Atarfil (Spain) are Leading Players in the Geomembranes Market

Browse 101 market data Tables and 31 Figures spread through 135 Pages and in-depth TOC on “Geomembranes Market”
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

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%. 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.

Based on region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. North America geomembranes market was the largest market in 2019. Market growth is primarily due to enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to well-established manufacturing and construction sector of the region.

To know about the assumptions considered for the study download the pdf brochure

COVID-19 Impact on the gobal geomembranes market

The outbreak of novel coronavirus (COVID-19) pandemic has affected people in more than 200 countries across the globe. According to the International Monetary Fund (IMF), the global economy is expected to shrink by 3.0% in 2020. According to IMF, the pandemic has forced the global economy into the worst ever recession since the Great Depression of the 1930s. Many countries are under strict lockdown, which has forced several sectors to shut down their operations. Due to lockdown, manufacturing and construction activities are at a halt, and this has reduced the demand for geomembranes. In the second half of 2020, some countries have started to lift restrictions and gradually start business operations in various sectors. Even if the lockdown is being lifted, it will be challenging for the companies to get back to normal working conditions. This will subsequently affect the geomembranes market.

The major geomembranes vendors 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), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment   (Canada), and US Fabrics (US). These players have adopted various growth strategies, such as investment, expansion, merger, and acquisition, to expand their presence in the geomembranes market further. Expansion and acquisitions have been the most dominating strategy adopted by major players from 2017 to 2020, which helped them broaden their production capabilities and customer base.

Raven Industries (US) is a major player in the geomembranes market and invests strongly in strategic developments. It has adopted expansion and acquisition as its key growth strategies in the recent years.  In January 2020, the company opened a new facility in Waynesboro, Virginia. This expansion will help the company to provide a heightened level of service and faster product delivery to customers of its energy, geomembrane, and construction markets in the East Coast region of the US.

Atarfil (Spain) is progressing in the geomembranes market by focusing on acquisition and expansion strategy. The company established its first US manufacturing & distribution facility in Suffolk, Virginia, in September 2017. Atarfil invested around USD 5.1 million for this expansion. This new facility helped the company serve the US market.

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