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

1
Hazardous Waste Management MarketGlobal
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. 

Download Brochure
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
(No Transcript)