Floating Covers Market: Introduction
Waste water treatment and water preservation initiatives have led to an increasing need for a covering to preserve water against various odds. Floating covers are made up of flexible geomembrane lining materials and are used in tanks, ponds and lagoons. Floating covers are a cost effective solution which aids in controlling odour, preventing the loss of liquids due to evaporation, block algae from developing and protect liquids from outside contamination. Floating covers can also incorporate a buoyancy system underneath the geomembrane which allows the cover to rise and fall with the level of contained liquid. One distinguishing feature of floating covers is that they allow aeration of water but not evaporation, making them an ideal choice of covers across various industrial domains. With the depleting water resources all across the globe, the demand of the global floating covers market is set to witness a steep rise during the forecast period.
Floating Covers: Market Dynamics
The growth of the global floating covers market is attributed to their wide application and use across various domains. Floating covers are used widely across waste water treatment plants for odour control and also to dissuade wildlife from accessing the ponds. Manufacturers of floating covers are eyeing increased applications and end uses for floating covers, such as algae and methane collection, oil and gas frac lagoons, water storage reservoirs, waste lagoons, and evaporation ponds. Gradually, manufacturers of floating covers are expected to have higher preference for durable and environment-friendly products, which require little to no maintenance. Growth of the floating covers market is also driven by the need to protect water from evaporation and also to prevent the loss of water treatment chemicals such as chlorine etc. A key trend prevailing in the global floating covers market is the use of various plastic resins other than the traditional ones for enhanced mechanical performance of the floating covers. A number of case shave been reported regarding the degradation of floating covers when exposed to chlorinated water. Hence, development of floating covers with materials that resist such chemical degradations is expected to bring in new opportunities of growth for the global floating covers market. It is anticipated that gradually, all manufacturers of floating covers will prefer products which do not become saturated or degrade in water, thus facilitating growth of the global floating covers market.
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Floating Covers: Market Segmentation
The global floating covers market is segmented on the basis of liquid type, material type, application, and geography.
On the basis of liquid type, the global floating covers market is segmented into
- Drinking Water
- Industrial Chemicals
- Hazardous Chemicals
- Non-Hazardous Chemicals
On the basis of material type, the global floating covers market is segmented into
On the basis of application, the global floating covers market is segmented into
- Mining storage ponds
- Agriculture (Slurry, Lagoons)
- Waste Water/Liquid Treatment
- Utilities (Potable & Waste Water Storage)
- Food Processing
- Chemical Treatment
Floating Covers Market: Regional Outlook
On the basis of geography, the global floating covers market is segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific floating covers market is expected to witness growth at the highest CAGR due to a large number of initiatives by the governmental as well as non-governmental organizations for the conservation as well as treatment of water. North America is expected to follow the Asia Pacific market in terms of growth. The growth of the floating covers market is expected to be high in economies which have high bio gas production plants. Latin America and Middle East & Africa are expected to witness sluggish growth in the global floating covers market during the forecast period.
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Floating Covers Market: Key players
Some of the key players operating in the global floating covers market are Industrial & Environmental Concepts, Inc., ETP, Inc., Advanced Water Treatment Technologies Inc., Solmax, GSE Environmental, BTL Liners, Albers Alligator, Aeramix, and Pooled Energy.
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