Global Liquid Waste Management Market - Overview
Market Research Future (MRFR), in its recent analysis, asserts that the global liquid waste management market is projected to reach USD 117.79 BN by the end of 2025. This growth of the market would be accounted for at 3.8 % CAGR throughout the review period (2018 to 2025). Liquid waste management promotes a healthy environment and avails clean water for industrial usages. Moreover, government initiatives act as a dominant tailwind for the market growth.
The global Liquid waste management market is rising pervasively. Rapidly spreading awareness about the advantages and technological advancements aiding to improve wastewater management solutions are the key driving forces for the market growth. Liquid waste management delivers unique benefits such as the generation of electricity and biogas/ natural gas while creating a healthy environment, which accelerates the growth of the market on the global level.
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Several major players dominate a significant portion of the global liquid waste management market, which is mostly consolidated in nature. In addition to SUEZ, Veolia, CLEAN HARBORS INC., Covanta Holding Corporation, and WM Intellectual Property Holdings LLC, others are widely recognized.
Market Potential and Pitfalls
Furthermore, the implementation of significantly effective systems in the burgeoning food & beverage industry for recycling liquid waste drives market growth. Liquid waste management provides some alternative solutions to create a circular economy like energy generation and recycling. Wise usages of water and wastewater management aid in generating electricity and fuel.
The biofuel industry has made remarkable efforts to conserve resources, diversify product portfolio, recycle & reuse water, and improve productivity. Also, some amount of biogas can be converted into compressed natural gas used in vehicles as a cleaner biofuel. Additionally, the increasing demand for clean water supply and significantly growing water scarcity pushes the market growth up.
On the other hand, aging sewerage management infrastructure and outdated liquid waste management techniques are the major factors affecting the growth of the market negatively. Also, high investments required for establishing liquid waste treatment plant challenge the growth of the market to an extent. Nevertheless, stringent environmental regulations against liquid waste characteristics like ignitability, corrosion, reactivity, and toxicity would support market growth throughout the forecast period.
On the contrary, bio-based chemicals are considered an expensive procedure which is energy and capital intensive. This is likely to impede the market growth in the coming years as petroleum-based chemicals are very cheap to produce. On a brighter note, with technological advancements, cost of production is likely to reduce in the long run.
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Liquid Waste Management Market - Segments:
MRFR has segmented the market into three market dynamics to widen the scope of understanding,
By Application: Sewage, Sullage, Black Water, Storm Water, Trade Waste, Hazardous Liquid Waste, and others.
By Disposal Methods: Sedimentation & Dewatering, Incineration, Composting, Solidification, Root Zone, and others.
By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.
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Global Liquid Waste Management Market -Regional Analysis
North America would continue its dominance over the global liquid waste management market. The wastewater management industry predominantly drives the regional market. Besides, factors such as the broad uptake of advanced technologies for waste management, widespread awareness, and the massive demand for clean water drive the regional market growth. The US and Canada backed by their large waste management sectors account for key contributors to the market growth in the region. Moreover, government initiatives and funds from public and private sectors provide impetus to the increase in the regional market.
The European liquid waste management market stands second globally. Stringent government regulations for sewage water management and clean water impact the regional market growth, positively. Additionally, countries such as the UK, Germany, Italy, and France contribute to the regional market growth enormously. Growing industrial sectors in the region, foster market growth. The liquid waste management market in Europe is expected to account for a substantial market share during the review period (2018-2025).
The Asia Pacific region is an emerging market for liquid waste management globally. The ever-increasing population, alongside the rapid urbanization and industrialization in the region, is increasingly demanding clean water for drinking & other purposes. Besides, the improving economy in the region impacts the market growth positively, increasing investments in the liquid waste management sector. Rapidly developing countries, India and China drive the regional market growth, hugely, witnessing exponential growth in the liquid waste management sector.
Industry/ Innovation/ Related News:
October 03, 2019 ---- Environmental 360 Solutions Inc. (Canada), an environmental company dealing with solid & liquid waste and recycling management, announced the acquisition of Northern Industrial Services Group (NISG - Canada), industrial cleaning and waste management solution company.
Environmental 360 Solutions company deals in major residential and commercial projects. The company started on November 01, 2018, and NISG is their sixth acquisition, and a seventh is on the way. It also discloses that next year, it should be on a growth pattern of making anywhere between 14 and 17 acquisitions.
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