Growth Factors of Liquid Waste Management Market
The liquid waste management market size was valued at USD 65.93 billion in 2018, and the market is now projected tgrow from USD 85.02 billion by 2026, exhibiting a CAGR of 3.3% during the forecast period of 2019-2026.
Increased awareness of the liquid waste problem through campaigns is expected tadvance the liquid waste management market growth. Untreated wastewater with pollutants harms ecosystems and human health. Government and private sector initiatives are increasing public awareness. These campaigns are expected tboost demand for advanced treatment solutions. The market is set tgrow as pollution concerns intensify globally.
Another emerging market is using solar energy ttreat liquid wastes since this method is cheap and environmentally friendly. Applying this technology lowers costs associated with waste management of pharmaceuticals, textiles, and agrochemicals. Increased disposal costs contribute tnoncompliance, increasing demand for better solutions. The innovation will increase liquid waste management market share by driving adoption across sectors. It enhances efficiency in degrading toxic industrial chemicals.
Comprehensive Analysis of Liquid Waste Management Market
The liquid waste management market and chemicals & advanced materials industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by source and by industrial. The source includes, Residential, Commercial and Industrial. The industrial includes, Paper & Pulp, Chemical & Petrochemicals, Food & Beverages, Textile & Tannery and Others.
North America accounted for the largest market share in the overall liquid waste management industry in 2018 and is anticipated tdominate the market through the forecast period. The U.S. market is the most propulsive in managing liquid waste in the North American region. More than 95% of the collected wastewater is treated and reused in the same region. Furthermore, five of the largest wastewater treatment companies are developed in the U.S.
The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, Veolia Environmental Services, SUEZ Environment SA, Xylem, Evoqua Water Technologies Corporation, Covanta Holding Corporation, Clean Harbors, Inc., GFL Environmental Inc., Cleanaway, Aqua America Inc., Hulsey Environmental Services, Enva, Environmental Recovery Corporation and AB Environmental. These market players provide a level-playing competitive landscape.
In February 2020, SUEZ NWS, Shanghai Chemical Industry Park (SCIP), and SAIC Motor signed a deal on hazardous liquid waste management at one of the Industrial parks. SUEZ formed a new joint venture toffer SCIP and SAIC efficient waste treatment services and enter the new China market.
Segmentation Table
Global Liquid Waste Management Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 3.3% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Source, Industrial, and Geography
By Source
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