Floating covers are specialized structures that are designed to float on the surface of water and provide a barrier between the water and the surrounding environment. These covers are used in a variety of applications, including wastewater treatment, agricultural water storage, and industrial water storage. The global floating covers market is a growing industry that is driven by various factors, including the increasing demand for water conservation and environmental protection, the growth of the agricultural and industrial sectors, and the need for sustainable water management solutions.
Sales in the global floating covers market are slated to top US$ 1.1 billion in 2023. Expanding at a healthy 4.9% CAGR, the market size is projected to total US$ 1.7 billion by 2033.
One of the primary drivers of growth in the floating covers market is the increasing demand for water conservation and environmental protection. With the increasing global population and industrialization, the demand for water is constantly growing, and the need to conserve and protect this precious resource has become more important than ever. Floating covers provide an effective solution for water storage and management, preventing evaporation and reducing the risk of contamination.
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The growth of the agricultural and industrial sectors is another key factor driving the demand for floating covers. Agriculture is one of the largest water consumers, and the need for water storage solutions is essential for irrigation purposes. Similarly, many industrial processes require large amounts of water for production, and effective water management is crucial to reduce costs and ensure sustainability. Floating covers are an effective solution for both of these sectors, providing reliable water storage and reducing the need for costly infrastructure.
The need for sustainable water management solutions is also contributing to the growth of the floating covers market. As businesses and governments seek to reduce their environmental footprint and improve their water management practices, floating covers are becoming an increasingly popular choice. These covers are made from durable materials that are resistant to UV radiation, weathering, and chemical exposure, making them a reliable and long-lasting solution for water storage and management.
In terms of regional demand, the Asia Pacific region is expected to see significant growth in the floating covers market. This growth is driven by factors such as the increasing demand for water conservation and environmental protection, the growth of the agricultural and industrial sectors in the region, and the need for sustainable water management solutions in areas where water scarcity is a significant issue.
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Key Companies Profiled-
- 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.
Floating Covers Industry by Category
By Material:
- Linear Low-density Polyethylene
- High-density Polyethylene
- Polyvinyl Chloride
- Polypropylene
- Other Materials
By Application:
- Mining Storage Ponds
- Agriculture
- Waste Water / Liquid Treatment
- Food Processing & Brewing
- Chemical Treatment
- Utilities & Other
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About Future Market Insights, Inc.
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