Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1114.52 Million | USD 1885.79 Million | 5.4% | 2024 |
FrequentlyAsked Questions
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, 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 is cost-effective.
According to a study, the global floating covers market size was worth around USD 1114.52 Million in 2024 and is expected to reach USD 1885.79 Million by 2034.
According to a study, the global floating covers market size was worth around USD 1114.52 Million in 2024 and is expected to reach USD 1885.79 Million by 2034.
The global floating covers market is expected to grow at a CAGR of 5.4% during the forecast period.
North America is expected to dominate the floating covers market over the forecast period.
Leading players in the global floating covers market include 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, Aquatan (Pty) Ltd., among others.
The report explores crucial aspects of the floating covers market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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