Floating Covers Market Size, Share, Growth Report 2030

The global Floating Covers market, which accrued proceeds worth 895.25 (USD Million) in 2019, is set to record the CAGR of nearly 5.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Floating Covers market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Details of the Report:

Introduction

Floating covers are made up of geomembrane having huge ultra-violet tolerance with highly reduced permeability. This is likely to offer long-term protection for the tank contents against heavy rainfall, snowflakes, and ultraviolet rays. As these covers are geo-synthetic in nature, they are placed over the reservoir ground. It helps in avoiding pollution of liquid stored in the reservoir. Apart from this, the product offers low maintenance costs and are cost-effective.

Market Growth Drivers

The large-scale acceptance of floating covers in myriad sectors will influence the expansion of the industry over the forthcoming years. The product helps in minimizing water evaporation, avoid nasty odors, VoC emissions, and contamination of liquid from animal wastes. This in turn, will steer the growth of floating covers business over the forecast timespan. Apart from this, water that is stored in a tank covered with floating cover is likely to possess huge chemical stability as well as potability, thereby driving the product penetration across various regions across the globe.  

In addition to this, the favorable characteristics of the product including high UV resistance, strength, and light-weightiness will embellish the market growth trends. Growing awareness pertaining to storing & protection of water bodies like lakes and ponds is anticipated to create new growth avenues for the floating covers market over the years to come.

Asia Pacific To Make Noteworthy Contributions Towards Global Market Share By 2026

The growth of the market in the sub-continent over the forecast timeline is due to large-scale use of the product in farming activities, water storing plants, and waste –water treating units in various countries. In addition to this, countries like India, Southeast Asian countries, and China are likely to be the key regional revenue pockets during the forecast timespan.

Key players impacting the market growth include Industrial & Environmental Concepts, Inc., FLI France SAS, GSE Environmental, Inc., Aquatan (Pty) Ltd., Cooley Group, Royal TenCate, Raven Industries Inc., Nilex Inc., Hexa-Cover A/S, and Advanced Water Treatment Technologies.

The global floating covers market is segmented as follows:

By type:

• Linear Low-Density Polyethylene (LLDPE)
• High-Density Polyethylene (HDPE)
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Others

By applications:

• Mining
• Waste Water Treatment
• Agriculture
• Chemical Treatment
• Food Processing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa