Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1200 Million | USD 3300 Million | 5% | 2022 |
FrequentlyAsked Questions
Floating covers are made up of geomembrane having huge ultra-violet tolerance with highly reduced permeability.
The global floating covers market growth can be owing to the ability of the product to minimize water evaporation, preventing nasty odors & VOC emissions, and contamination of liquid from animal wastes.
According to a study, the global floating covers industry size was $1200 million in 2022 and is projected to reach $3300 million by the end of 2030.
The global floating covers market is anticipated to record a CAGR of nearly 5% from 2023 to 2030.
The Asia-Pacific floating covers industry is set to register the highest CAGR over the forecasting timeline owing to the burgeoning demand for potable water for a wide range of industrial applications along with a need for durable floating covers for storage tanks and reservoirs in the densely populated countries such as India and China. Additionally, large-scale use of the product in farming and water storing units will contribute notably towards the regional market revenue.
The global floating covers market is led by players such as EJ Group Inc., Eagle Manufacturing Group, Fibrelite, Crescent Foundry, Saint-Gobain, Industrie POLIECO – MPB SRL, Ducast Factory LLC, Terra Firma Industries, Hygrade Water, Prime Composites, MC PVC Pipes Limited, Manhole Covers Limited, Aliaxis Group SA, Bass & Hays Foundry, Inc., HUBER SE, HYDROTEC Technologies AG, and Peterborough.
The floating covers market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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