The global liquid waste management market size
is expected to reach USD 117.3 billion by 2025, expanding at a CAGR of 3.8%,
according to a new report by Grand View Research, Inc. Increase in the number
of water-borne diseases has resulted in a rise in toxicity and safety concerns
across the globe, which has emerged as a key factor driving the market.
Liquid waste generated
from industrial manufacturing activities contains chemical compounds and toxic
materials, which are hazardous for the environment, leading to growing demand
for liquid effluent management activities. Increasing manufacturing activities
to meet the surging consumer demand have resulted in significant rise in
wastewater production, which is expected to benefit the industry expansion.
The liquid waste
management market is highly regulated by agencies such as Environmental
Protection Agency (EPA) and Registration, Evaluation, Authorisation and
Restriction of Chemicals (REACH). Various laws including Environmental
Protection Act, 1993 specify steps to be carried out by industry players
including undertaking Environmental Impact Assessment (EIA) and preparing
Environmental Impact Statement (EIS).
The market is
characterized by presence of a few large players that lay focus on mergers and
acquisition in order to reduce the competition. However, competitive rivalry in
the market is expected to be low owing to increasing technological challenges
and stringent waste processing regulations, which discourages the new entrants.
Access Research Report of Liquid
Waste Management Market @ https://www.grandviewresearch.com/industry-analysis/liquid-waste-management-market
Further key findings from the study suggest:
· Residential sector accounted for 42.7%
market share in terms of revenue in 2018 on account of augmented water usage in
residential applications leading to increasing amount of per capita wastewater
generation, thereby fueling the segment growth
· In terms of revenue, the commercial sector
is expected to expand at a CAGR of 4.0% from 2019 to 2025 owing to increasing
wastewater generation from the hospitality industry, coupled with high demand
for water in the medical sector
· Pharmaceutical industry is expected to
register a CAGR of 4.5% in terms of revenue over the forecast period on account
of increasing pharmaceutical production driven by population growth across the
globe
· U.S. accounted for 22.2% market share in
terms of revenue in 2018 owing to presence of established industrial and
commercial activities leading to a large volume of wastewater generation, along
with stringent regulations imposed by EPA in the country
· Major players operating in the liquid waste
management market are integrated across all the stages of the process,
including collection, transportation, and disposal of liquid waste, which aids
in cost saving and increased profits.
Grand View Research has
segmented the global liquid waste management market on the basis of source,
industry, service, and country:
Liquid Waste Management Source Outlook (Revenue, USD
Million, 2014 - 2025)
·
Residential
·
Commercial
·
Industrial
Liquid Waste Management Industry Outlook (Revenue, USD
Million, 2014 - 2025)
·
Textile
·
Paper
·
Iron & Steel
·
Automotive
·
Pharmaceutical
·
Oil & Gas
·
Others
Liquid Waste Management Service Outlook (Revenue, USD
Million, 2014 - 2025)
·
Collection
·
Transportation/Hauling
·
Disposal/Recycling
Liquid Waste Management Country Outlook (Revenue, USD
Million, 2014 - 2025)
·
U.S.
·
Canada
·
France
·
Germany
·
Italy
·
Spain
·
U.K.
·
Australia
·
China
·
India
·
Japan
·
South Korea
·
Brazil
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment