Liquid Waste Management Market Booming Market to hit $ 120.46 billion by 2026
Added: (Tue Oct 01 2019)
Liquid waste management refers to the process of managing and recycling the liquids that have been generated as wastes in various industrial operations. This process involves treatment of a variety of industrial oils, gases, sludges and any hazardous liquids produced from different resources. Global liquid waste management market is expected to rise to an estimated value of USD 120.46 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. Some of the leading key players profiled in this study: Republic Services, Inc.; CLEAN HARBORS, INC.; Veolia Environmental Services; Covanta Holding Corporation; Stericycle; US Ecology, Inc.; Heritage-Crystal Clean, Inc; Heritage; PegEx, Inc.; ES Group; SUEZ; REMONDIS SE & Co. KG; Hindustan Dorr-Oliver Ltd.; Hindustan Dorr-Oliver Ltd.; Hulsey Environmental Services; GFL Environmental Inc.; Absolute Environmental Waste Management Inc.
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Segmentation: Global Liquid Waste Management Market
Global Liquid Waste Management Market By Source (Residential, Commercial, Industrial)
Industry (Textile, Paper, Iron & Steel, Automotive, Pharmaceutical, Oil & Gas, Others)
Service (Collection, Transportation/Hauling, Disposal/Recycling)
Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market:
- In November 2018, GFL Environmental Inc. announced that they had acquired Future Environmental. This acquisition will improve the services capabilities of GFL Environmental Inc. in various geographical regions and help in establishing a significant presence of liquid waste services of the company for the U.S. region
- In May 2018, Enva announced that they had agreed to acquire Rilta Environmental helping establish the number one service provider for waste services in Ireland. This acquisition will help in expansion of services of Enva especially for hazardous and specialist wastes. This acquisition also includes all of the companies and brands operating under Rilta Environmental and Clearcircle Northern Ireland
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Market Drivers:
- High concerns regarding the toxic nature of water bodies giving rise to greater safety requirements; this factor is expected to fuel the growth of the market
- High volume of liquid wastes generated from a variety of different industries is expected to drive the growth of the market
- Increasing cases of water-borne diseases giving rise to better recycling practices; this factor is expected to boost the market growth
- Rising levels of population and increasing awareness regarding hygiene and environment is expected to foster growth of the market
Market Restraints:
- High costs and resource consumption process requiring large funding capital; this factor is expected to restrict the growth of the market
- Lack of infrastructure availability in a various developing regions is expected to restrict the market growth
- Concerns regarding the existing infrastructure being outdated and obsolete for this waste management processing acts as a restricting factor for this market
Competitive Analysis:
Global liquid waste management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid waste management market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Submitted by:Sopan Gedam