Global Geosynthetic Clay Liners Market to Grow at 7% CAGR Through 2030 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, largescale infrastructure spending by developing nations is further predicted to drive demand over the coming years.
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Key Takeaways from Geosynthetic Clay Liners Market Study
The global geosynthetic clay liners market was badly hit by the COVID-19 pandemic, experience a negative growth rate of -4.3% in 2020. However, things look good ahead in the long run, and the market is anticipated to add 2X value by 2030.
Landfill use of geosynthetic clay liners is estimated to grow at an impressive rate of 7.5% over the decade.
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