U S Geosynthetics Market to Reach USD 3 59 Billion in 2028; Surging Infrastructural Activities to Boost Growth, Says Fortune Business Insights™ einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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Amid the COVID-19 crisis, the global market for Geosynthetic Clay Liners estimated at US$392.2 Million in the year 2020, is projected to reach a revised size of US$555.3 Million by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.
Landfill, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$244.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Containment segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
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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