The global geosynthetic clay liners market is set to experience a princely growth of around 7% CAGR over the ongoing decade, i.e. 2020-2030. Over the past half-decade, the market grew at a steady rate of 5.1%, thanks to preeminent demand from the construction and mining industry. Advancements in manufacturing processes and widespread adoption of geosynthetic clay liners (GCL) across multitude of applications have augmented market growth. Over the next ten years, extensive demand for custom polymer-coated GCL will complement market expansion. Also, large-scale infrastructure spending by developing nations is further predicted to drive demand over the coming years.
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Continuous increment in R&D spending pertaining to the efficiency and safety of geosynthetic clay liners by improving their chemical and physical properties has been the pivot point for manufacturers. This increased spending will be compensated by the use of geosynthetic clay liners across numerous applications where they had not been used before, with fabric-encased GCL being most sought-after.
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