Press release
Polyfluoroalkyl Substances (PFAS) Waste Management Market: Trends, Production, Revenue, Growth And Forecast To 2033
Polyfluoroalkyl Substances (PFAS) Waste Management Market Size
As per the report, the polyfluoroalkyl substances (PFAS) waste management market size has grown strongly in recent years. It will grow from $1.73 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The polyfluoroalkyl substances (PFAS) waste management market size is expected to see strong growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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Environmental Sustainability Driving Growth OF PFAS Waste Management Market
The growing government initiatives for environmental sustainability are expected to propel the growth of the polyfluoroalkyl substances (PFAS) waste management market going forward. Environmental sustainability involves managing natural resources responsibly to meet current needs without compromising future generations' ability to do the same. The rising government initiatives for environmental sustainability are due to public health protection, economic benefits, and biodiversity conservation. Government initiatives for environmental sustainability aim to create a more sustainable and resilient future for both the environment and society. For instance, in March 2022, the United States Environmental Protection Agency proposed a budget allocation of $11.881 billion, along with 16,204 full-time equivalent (FTE) positions, that aim to bolster agency initiatives in safeguarding the environment and public health. This request represents a $2.644 billion rise from the financial year 2022 annualized continuing resolution (ACR). Therefore, the growing demand for environmental sustainability is driving the polyfluoroalkyl substances (PFAS) waste management market.
Inspired Solutions Launches PFASigator Pioneering UV Light Tech For PFAS Remediation
Major companies operating in the poly-fluoroalkyl substances (PFAS) waste management market are developing advanced solutions such as energy-efficient PFAS destruction technology to effectively mitigate environmental contamination and reduce the long-term health risks associated with these persistent chemicals. Energy-efficient PFAS destruction technology refers to methods and innovations aimed at breaking down PFAS compounds in an environmentally friendly and cost-effective manner while minimizing energy consumption. For instance, in April 2023, Enspired Solutions Inc., a US-based company focusing on innovative PFAS remediation technology, launched PFASigator, an energy-efficient PFAS destruction technology. This technology is based on energy-efficient technology that uses UV light and a proprietary reagent to destroy PFAS in water, meeting and surpassing new regulatory standards. It mineralizes PFAS into non-toxic components, eliminating the need for off-site disposal. This patented process uses reductive defluorination catalyzed by UV light to break down PFAS into water, fluoride, and simple carbon compounds.
The polyfluoroalkyl substances (PFAS) waste management market covered in this report is segmented -
1) By Type: Perfluorooctane Sulfonate (PFOS), Perfluorooctanoic Acid (PFOA), Perfluorabutanoic Acid (PFBA), Perfluorodecanoic Acid (PFDA)
2) By Method: Landfilling, Incineration, Water Waste Treatment
3) By Location: On-Site, Off-Site
4)By Application: Industrial, Construction, Municipal Solid Waste, Other Applications
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Major companies operating in the polyfluoroalkyl substances (PFAS) waste management market are BASF SE, The Dow Chemical Company, Veolia Environnement S.A., 3M Company, Waste Management Inc., DuPont de Nemours Inc, WSP Global Inc., Suez S.A, Eurofins Scientific SE, Solvay S.A., GFL Environmental Inc., Clean Harbors Inc., PerkinElmer Inc., Stericycle Inc., GHD Group Pty Ltd. (GHD), Republic Services Inc., Heritage-Crystal Clean Inc., Indaver Holding NV., Evoqua Water Technologies LLC, Chemviron, Nye Lubricants Inc., Newterra Ltd., Wanless Waste Management, Clean Management Environmental Group Inc., TerraTherm
Contents of the report:
1. Executive Summary
2. Polyfluoroalkyl Substances (PFAS) Waste Management Market Report Structure
3. Polyfluoroalkyl Substances (PFAS) Waste Management Market Trends And Strategies
4. Polyfluoroalkyl Substances (PFAS) Waste Management Market - Macro Economic Scenario
5. Polyfluoroalkyl Substances (PFAS) Waste Management Market Size And Growth
…..
27. Polyfluoroalkyl Substances (PFAS) Waste Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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