Floating Covers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3980 | Report Format : | Status : Upcoming |

Abstract

Global Floating Covers Market: Overview

Floating covers are made with a geomembrane that has high UV tolerance and extremely low permeability, thereby ensuring long-term protection of the reservoir contents against rain, snow, and damage from UV rays. Floating covers are geosynthetic covers placed over above-ground reservoirs and help in preventing contamination of stored liquid from outside sources such as animal waste, which can reduce water portability, evaporation of the contained liquid, prevent nasty odors, and minimize the emission of volatile organic compounds. Floating covers have a modest & low maintenance design. 

Global Floating Covers Market: Growth Factors

High UV resistance, durability, lightweight, strength, cost-efficiency, weatherability and robust yet flexible properties of the products are likely to thrust the growth of the floating covers market in the upward direction Escalating need of protecting evaporation of water from water bodies or water reservoirs and store water for future use as a result of water-scarcity problems or scant rainfall will further boost floating covers market trends. Moreover, Also, the significant use of floating covers for chemical treatment, food processing and brewing, utility, and others is expected to push the growth of the global floating covers market during the forecast period.

The unimaginable quantity of industrial wastewater generated daily needs to be stored properly for treatment. Hence, the extensive use of floating covers for wastewater/liquid treatment is expected to propel the global floating covers market growth during the projected period. However, growing awareness about the adverse impacts of plastic covers on environment as well as human health & hygiene among the consumers is likely to impede the growth of floating covers market over the forecast timeframe.

Global Floating Covers Market: Segmentation

The global floating covers market can be classified into material type and application type. Based on the material type, the market is sectored into linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), Polyvinyl Chloride (PVC), Polypropylene (PP), and others. On the basis of application type, the floating covers market is divided into mining storage ponds, agriculture (slurry, lagoons), waste water/liquid treatment, food processing & brewing, chemical treatment, and utilities & others.

Global Floating Covers Market: Regional Analysis

Based on regions, the global floating covers market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.  Asia Pacific floating covers market is likely to witness a lucrative growth over the forthcoming years, subject to the high preference for floating covers for various applications such as agriculture (slurry, lagoons), wastewater/liquid treatment, and others. Also, the presence of radially emerging economies and rising awareness about the best practices for water storage and wastewater treatment are expected to be the critical drivers for the growth of the floating covers market in the region.

The companies involved in the manufacturing of floating covers are laying emphasis on enhancing the properties of floating covers and increasing their global footprint via acquisitions and expansions. The manufacturers of floating covers are likely to eye the profitable region of the Asia Pacific in the coming years. Radially emerging economies in the region with the rapid expansion of various industries such as food processing and brewing, chemical, and others are likely to create significant opportunities for the floating covers market during the forecast period.

 Europe and North America are anticipated to contribute notably towards the global floating covers market size in the foreseeable future. Germany and the U.S. are likely to be the regional revenue pockets of these regions owing to escalating demand and growing popularity & use of these products in these countries.  

Latin America and the MEA are projected to be promising markets for the growth of the floating covers market. Emerging economies in the Middle East & Africa and Latin America are expected to offer high incremental opportunities for the market, owing to the increasing use of floating covers in the applications such as mining storage ponds, agriculture (slurry, lagoons), wastewater/liquid treatment, food processing & brewing, chemical treatment, and others.

Global Floating Covers Market: Competitive Players

Some of the key players in floating covers market are Raven Industries Inc., GSE Environmental, Inc., Royal TenCate, Cooley Group, Nilex Inc., FLI France SAS, Hexa-Cover A/S, Industrial & Environmental Concepts, Inc., Advanced Water Treatment Technologies, and Aquatan (Pty) Ltd among others.

Global Floating Covers Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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