Hazardous Waste Management Market to Reach a Value of ~Us$ 19.3 Bn By 2027 - PowerPoint PPT Presentation

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Hazardous Waste Management Market to Reach a Value of ~Us$ 19.3 Bn By 2027

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Title: Hazardous Waste Management Market to Reach a Value of ~Us$ 19.3 Bn By 2027


1
Hazardous Waste Management Market Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2027
2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Hazardous Waste Management Market Key
Highlights
  • The global hazardous waste management market was
    valued at US 12.1 Bn in 2018 and is anticipated
    to expand at a CAGR of 5 during the forecast
    period.
  • Among the physical states, the solid segment
    accounted for a major share of the global
    hazardous waste management market in 2018.
  • Among the wastes, the chemical segment held a
    significant share of the global hazardous waste
    management market in 2018. Investments in the
    global chemical industry have been increasing
    over the last few years. According to the
    International Council of Chemical Associations
    (ICCA), the chemical industrys contribution to
    global GDP was valued at US 5.7 Trn in 2017.
  • Among the chemical compositions, the inorganic
    waste segment held a dominant share of the global
    hazardous waste management market in 2018.
  • Among the treatments, the thermal segment held a
    major share of the global hazardous waste
    management market in 2018.
  • Among the disposal methods, the deep well
    injection segment held a leading share of the
    global hazardous waste management market in 2018.
  • North America is estimated to offer high growth
    potential to the hazardous waste management
    market in the next few years, owing to rapid
    growth of pharmaceutical, chemical, and oil gas
    industries in the region. 

4
Key Drivers of Global Hazardous Waste Management
Market
  • Increase in RD activities, rise in the number of
    patients suffering from chronic diseases, and
    rapid growth of healthcare and pharmaceutical
    industries worldwide are factors likely to fuel
    the demand for the collection of medical wastes
    from large as well as small medical waste
    generators across the globe in the near future.
    Statistics from a study conducted by the
    University of Leeds in 2015 indicate that, the
    U.S. produces an average of 8.4 kilogram/bed/day
    of medical wastes. This is the maximum rate of
    hospital medical waste generation across the
    world. These factors are expected to propel the
    global hazardous waste management market during
    the forecast period.
  • Furthermore, several government organizations
    such as the Food and Drug Administration (FDA),
    Environment Protection Agency (EPA), and Drug
    Enforcement Administration (DEA) are consistently
    working toward the proper management of waste in
    order to ensure safety from hazardous medical,
    chemical, and radioactive wastes. Several
    non-government organizations (NGOs) and
    community-based organizations (CBOs) are stepping
    in to help hospitals and other healthcare
    facilities in the collection, recycle, and
    disposal of medical waste. For instance,
    Intervol, a U.S.-based NGO, is actively engaged
    in the collection of unused medical supplies. I
  • t encourages healthcare facilities to recycle
    unused medical supplies and reduce the cost
    incurred for their disposal. Such initiatives by
    governments and NGOs to manage hazardous waste
    are fueling the global market for hazardous waste
    management.
  • High capital investments is a prominent factor
    hampering the entry of companies into the global
    hazardous waste management market. 

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View Report
5
Global Hazardous Waste Management Market Key
Developments
  • In September 2018, SUEZ NWS and Shanghai Huayi
    Company entered into an agreement to jointly
    provide hazardous waste treatment and recovery
    services in Qinzhou, Guangxi Province, China. The
    company is handling the responsibility of the
    management of hazardous waste at several
    industrial sites in China, including the Shanghai
    Chemical Industry Park.
  • In May 2018, Sembcorp Industries sold its medical
    waste treatment division to TEE Medical Services
    for US 20 Mn. The division specialized in the
    treatment and disposal of biohazardous and
    pharmaceutical wastes. TEE Medical Services is a
    5050 joint venture between TEE Infrastructure
    and Asia Enviro Services.
  • In December 2016, CLEAN HARBORS, INC. unveiled a
    new incinerator at its facility in El Dorado, the
    U.S. This incinerator is technologically
    considered the most advanced incinerator in North
    America. Its use has increased the companys
    hazardous waste management capacity. 

6
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