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CHEMICALS AND ADVANCED MATERIALS

Liquid Waste Management Market Segmentation by Service (Collection, Transportation, and Disposal); by Source (Residential, Commercial, and Industrial); by End User (Automotive, Oil and Gas, Textile, Pharmaceutical, Iron and Steel, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Liquid Waste Management Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • November 2020: Ovivo, Inc. announced that it had acquired ALAR, which is a manufacturer and provider of wastewater treatment chemicals and systems. The aim of this acquisition is to enhance the product portfolio of the company.

Liquid Waste Management Market Highlights 2022 – 2030 : Global

The global liquid waste management market is estimated to garner a large revenue and grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing rate of urbanization around the world, rapid population growth, and rising number of manufacturing activities resulting in the generation of toxic chemicals. According to the World Bank, the total population of the world was 7.753 billion in 2020, up from 7.509 billion in 2017. The global population has only witnessed growth since 1960.  Along with these, surge in socio-economic awareness associated with limited natural resources, and escalating awareness of consumers about proper waste disposal and recycling are also projected to drive market growth in the upcoming years. Furthermore, strict regulations imposed by various local, state and federal governments regarding proper waste management is expected to provide abundant growth opportunities to the market in the near future.  

Liquid Waste Management Market Graph

The market is segmented by end user into automotive, oil and gas, textile, pharmaceutical, iron and steel, and others, out of which, the pharmaceutical segment is anticipated to hold the largest share in the global liquid waste management market on account of the highly toxic nature of the effluents emitted from this industry and stringent government regulations for managing medical waste. Apart from these, the oil and gas segment is also assessed to grab a significant share by the end of 2030, owing to the high profitability and large amount of waste water generated in several operations of this industry. Additionally, on the basis of source, the residential segment is predicted to grab the largest share during the forecast period, which can be credited to the increase in production of wastewater in residential areas.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Refinery-Catalyst-Market

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Liquid Waste Management Market Regional Synopsis

On the basis of geographical analysis, the global liquid waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing population in emerging countries such as China and India, increasing water requirements, and rise in water recycling activities in the region. As per the Asian Development Bank, by 2030, the gap between water demand and supply will become 40 percent. Over 90 percent of the region’s population already face an imminent water crisis. Moreover, the market in North America is predicted to grab the largest share during the forecast period, which can be credited to the stringent government regulations associated with liquid waste management, and large number of ongoing activities in the oil and gas industry in the region. In addition, growing penetration of waste management in the industrial, residential and commercial sectors is also evaluated to boost the region’s market growth in the future.

The global liquid waste management market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Liquid Waste Management Market Segmentation

Our in-depth analysis of the global liquid waste management market includes the following segments:

By Service

  • Collection
  • Transportation
  • Disposal

By Source

  • Residential
  • Commercial
  • Industrial

By End User

  • Automotive
  • Oil and Gas
  • Textile
  • Pharmaceutical
  • Iron and Steel
  • Others

Growth Drivers

  • Growing Rate of Urbanization Worldwide
  • Increasing Manufacturing Activities Resulting in the Generation of Toxic Waste

Challenges

  • High Cost of Liquid Waste Management Equipment

Top Featured Companies Dominating the Market

  • Suez Environment S.A.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Clean Harbors Inc.
  • Republic Services Inc.
  • Stericycle
  • Veolia Environmental Services North America Corporation
  • WM Intellectual Property Holdings LLC
  • Covanta Holding Corporation
  • Chemtex Inc.
  • Teracycle, Inc.
  • Ovivo, Inc.

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