Geosynthetic Clay Liner Market Is Projected To Surpass $488.2 Million By 2022: Grand View Research, Inc.

Geosynthetic Clay Liner Market Is Projected To Surpass $488.2 Million By 2022: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to new report published by Grand View Research, the global geosynthetic clay liner market is expected to reach USD 488.2 million by 2022. Rising concerns regarding landfill protection in the mining and construction sectors are likely to escalate the growth of the market.

A study by Grand View Research, Inc. indicates that the global geosynthetic clay liner market is projected to amount to USD 488.2 million by 2022. Geosynthetic clay liner (GCL) is a factory manufactured hydraulic barrier, which consists of two layers of geotextiles connected by a layer of bentonite clay. They are rapidly replacing conventional bottom liners owing to their superior properties such as excellent chemical resistance and self-sealing characteristics. The market is poised to register steady growth during the forecast period (2015 to 2022).

Rising concerns regarding landfill protection in the mining and construction sectors are likely to escalate the growth of the market. Regulatory bodies such as the European Commission and the United States Environmental Protection Agency (EPA) have implemented stringent guidelines in order to mandate the use of waste disposal and management practices to keep a check on environmental pollution in the mining industry. These regulations are encouraging the use of GCL in landfills, thereby driving the market. In addition, increasing funding by mineral processors in the mining sector, in countries such as Chile, China, Peru, and Australia, is leading to greater mining activities, which in turn can work in favor of the market.

Full Research Report On Geosynthetic Clay Liner Market Analysis: https://www.grandviewresearch.com/industry-analysis/geosynthetic-clay-liner-market

U.S. Geosynthetic Clay Liner Market, by Application, 2012 – 2022 (Million Square Meters)

U.S. Geosynthetic Clay Liner Market, by Application, 2012 - 2022 (Million Square Meters)

Demand for GCL is poised to reach 165 million square meters by the end of 2022. It is likely to rise at a CAGR of 4.0% during the forecast period. Geosynthetic clay liners find application as lining system in the upstream oil and gas sector. They are being increasingly used in the hydropower plants to revamp existing facilities. For instance, in April 2017, Hohenwarte II pumped storage facility in Thuringia, Germany was revitalized using a geosynthetic clay liner barrier. Bentofix NSP 10300, a GCL, was applied upward on the slope and on the top of drainage mats, which provided a self-sealing overlap zone for improved barrier performance. Soaring adoption in the energy sector can propel the geosynthetic clay liner market.

Growing investments in infrastructure development in emerging economies such as India, China, and the Middle East countries are expected to provide a significant push to the market. Demand for GCL in roadways and civil construction is estimated to witness a CAGR of 5.7% during the forecast period. Geosynthetic clay liners are also used in the aquaculture and agriculture industries owing to their ability to prevent water leakage. Flourishing aquaculture industry in Norway, Peru, and Chile owing to abundance of several fish species is anticipated to augment the market in near future.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Clogging issues related to geotextiles are acting as major stumbling blocks for GCL manufacturers. Raw materials represent approximately 65% of the variable cost of the product. Volatile prices of raw materials can also hinder the market expansion. Nevertheless, rising concerns regarding greenhouse gas emissions are paving way for bio-based polymers. This, in turn, is estimated to open new avenues for market players.

The global geosynthetic clay liner market has been analyzed on the basis of application and geography. Based on application, the market has been divided into roadways and civil construction, landfill, containment and wastewater treatment, and others. The containment and wastewater treatment segment is expected to exhibit a CAGR of 4.4% during the forecast period.

Geographically, the market has been segmented into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Asia Pacific will hold a prominent position in the market through 2022, reaching an expected consumption of 59.4 million square meters by the end of 2022. Governments in emerging economies are allocating sizeable budgets for infrastructure development, which is contributing to the growth of the regional market. Presence of a large number of key players due to the abundant availability of raw materials is also supplementing the growth of the market in APAC.

North America is also anticipated to account for a noteworthy share in the market throughout the forecast horizon. Rising production of shale gas coupled with advancements in hydraulic fracturing is poised to trigger the growth of the regional market. Some of the key players in the global geosynthetic clay liner market are GSE Holdings, Huesker, Layfield, Wall Tag, and Terrafix.

Access Full Press Release Of This Report By Grand View Research: https://www.grandviewresearch.com/press-release/global-geosynthetic-clay-liner-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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