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Hazardous Waste Treatment Market Size and Key Trends in Terms Of Volume and Value, Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Hazardous Waste Treatment" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Growth in instances of detection of toxic chemicals in polar ice caps, drinking water supplies, and groundwater sources have shifted the focus of the public and environmental regulatory authorities around the globe on the health and environmental risks from inappropriate disposal methods of hazardous waste into the environment. Accumulation of large quantities of hazardous wastes around the globe is attributed to the rise in hospital waste generation and rapid urbanization in developing countries. Major industries responsible for the production of hazardous wastes globally include pharmaceuticals, petrochemicals, fertilizers, paints & dyes, pesticides, petroleum, asbestos, and inorganic chemicals. Most common toxic materials found in hazardous wastes are cyanides, heavy metals, complex aromatic compounds, pesticides, and others with high toxicity, flammability, reactivity, and corrosiveness. Discharge of hazardous waste in open without treatment results in acidic and alkaline chemical seepage into potable water aquifers and fertile soils. This degrades the quality of the soil and makes fresh water aquifers unusable.
Treatment of hazardous wastes can be carried out by converting the harmful waste material into low toxic substrates, which can be further treated through physical, biological, chemical, and thermal processes. This is followed by the dispersal or disposal of the produced residue under manageable and controlled conditions. Technologies used for the treatment of hazardous wastes include filtration, neutralization, chemical precipitation, oxidation & reduction, biological treatment, thermal treatment, and chemical fixation and solidification. The type of technology to be used for treating a particular type of hazardous waste depends on the nature of waste stream, process effectiveness, economics, job flexibility, public exposure, and health & safety practices. The type of hazardous waste is also segregated according to ignitibility, corrosiveness, reactivity, and toxicity of the waste material. Filtration technology for the treatment of hazardous waste comprises the usage of porous medium subjected to a specific pressure gradient to filter out particulates from the waste material. Reverse osmosis and urethane filtration methods can also be employed. Common filtration materials used for hazardous waste treatment include activated carbon, vacuum filter, semi-permeable membranes, and porous cartridge. Neutralization technology is based on the chemical reaction between acidic and basic chemicals present in hazardous wastes. This method uses acids and alkalies for waste treatment by means of chemical reactions. It is used for the treatment of wastes, which consist of metallic impurities. A batch or continuous reaction reactor can be used for the neutralization method. Reduction method for hazardous waste treatment employs strong oxidation or reducing agents to precipitate the complex metallic impurities, which cannot be treated with the neutralization technology. A redox reaction system is needed with hydrogen peroxide and ozone/UV light system to treat hazardous waste through reduction technology. The biological treatment of hazardous waste is carried out through aerobic and anaerobic methods. Aerobic or anaerobic digester plant is required in the biological method.
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Hazardous waste treatment helps lower harmful chemical and biological pollutants from entering into the environment. Additionally, hazardous waste treatment also helps in reducing environmental pollution and also helps in reducing land utilization for dumping of wastes. It also enables to prevent the spreading of diseases. This, in turn, is expected to drive the hazardous waste treatment market. Growth in urban population, increase in industrial waste production, inadequate waste collection measures, and stringent waste management policies are some of the drivers of the hazardous waste treatment market. North America, Europe, and Asia Pacific are the prominent regions of the global hazardous waste treatment market. Asia Pacific is a rapidly growing region of the hazardous waste treatment market owing to the rise in urban population, increase in environmental pollution, rapid industrialization rate, and implementation of stringent rules for disposal of hazardous waste in the environment in China and India. Currently, North America is the major region of the hazardous waste treatment due to the strict policy implementation, superiority in waste segregation, robust waste collection network, and technological superiority in hazardous waste treatment.
Key players operating in the Hazardous waste treatment market are Daniels Sharpsmart Inc., Clean Harbors Inc., Republic Services Inc., Suez Environment SA., and Stericycle Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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