PUBLISHER: Market Research Future | PRODUCT CODE: 1389536
PUBLISHER: Market Research Future | PRODUCT CODE: 1389536
The LATAM geomembranes market is expected to grow at a CAGR of 6.58% over the forecast duration of 2023-2030. The LATAM geomembranes market was valued at USD 152.7 million in 2022 and is expected to reach USD 253.1 million by 2030.
Growing concerns for waste and water management activities are driving the geomembrane market in Latin America. Growing concerns for waste and water management activities in Latin America are driving the demand for geomembranes. With increasing urbanization and industrialization, there is a heightened focus on environmental protection and sustainability. Geomembranes play a pivotal role in addressing these concerns by providing impermeable barriers in applications such as landfill liners, containment of hazardous waste, and wastewater treatment facilities.
Additionally, increased use of geomembranes in mining applications in mining and energy sector growth is propelling the geomembrane market in Latin America. The increased utilization of geomembranes in mining applications within the mining and energy sector is a significant driver of the geomembrane market in Latin America. Geomembranes are pivotal in containing and managing potentially hazardous materials, like tailings and chemicals, generated by mining activities. They prevent soil and water contamination, ensuring environmental protection and regulatory compliance. As the mining industry grows in the region, the demand for geomembranes in constructing safe tailings ponds, heap leach pads, and secondary containment systems is escalating.
The LATAM Geomembrane Market, By Resin Type is segmented into Distilled & Hydrogenated, Standard, and Distilled.
The LATAM Geomembrane Market, by Application is segmented into Water Management, Mining, Construction, Agriculture, and Others.
The LATAM Geomembrane Market, by Country, is segmented into Brazil, Mexico, Argentina, Columbia, Peru, Chile, and Rest of LATAM.
Owens Corning, Atarfil SL, Agru America, Inc and Officine Maccaferri Spa are some of the key players operating in the global market.
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