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NEW YORK, Feb. 4, 2021 /PRNewswire/ --
Award winning market research company Fact.MR's report on the global geosynthetic clay liners market experienced a significant blip in 2020, attributed to disruptions in production cycles across key industries amid the pandemic crisis. Prospects appear positive for 2021, as industries resume production, restoring the demand-supply equilibrium. Going by current trends, prospects for the upcoming decade are optimistic, with a strong CAGR predicted for the market.
According to Fact.MR, the market has made significant gains in the historical period, largely attributed to prolific developments in the global mining and construction industries. Growing emphasis on incorporating sustainable material to enhance durability of infrastructure has increased uptake of geosynthetic clay liners in recent years. As per the World Green Building Trends 2018 Report, over 60% of the countries profiled have been incorporating green construction materials. This figure is expected to reach nearly 50% in 2021 in terms of the global average.