Liquid Waste Management Market: Overview
Liquid waste can be characterized as waste water from modern, business, and neighborhoods. The waste water contains numerous undesirable and rejected substances, for example, sullage, stormwater, and excreta. It likewise contains microscopic organisms and other hurtful synthetic substances that can cause maladies and natural contamination. Liquid waste is likewise called sewage. It has awful scent and unexpected shading in comparison to typical water because of the nearness of polluting influences.
Liquid Waste Management Market: Drivers & Restraints
The liquid waste management market entails collection of waste from various sources, its transportation, and disposal. Rise in awareness about hygiene and environment, increase in population, and growth in disposable income of consumers are factors driving the market. Rise in awareness about hygiene has been a key factor driving the liquid waste management market in developing countries such as China, India, Brazil, and South Africa. Hygiene plays an important role in maintaining health and a disease-free society. This has led governments to invest in infrastructure required to manage liquid waste. Liquid waste can also damage the environment due to the chemicals present in it. There is a direct connection between rise in human population and increase in liquid waste. Similarly, growth in disposable income has led to an increase in industrial activities to meet the demand of the population. Industrial activity and associated commercial centers create further liquid waste in the form of leftover from manufacturing activity. However, certain factors inhibit the liquid waste management market growth. Liquid waste management is a long and expensive process. Hence, all countries and areas cannot afford to invest in the required infrastructure. High investment cost is also a restraining factor due to the complex technology and expertise required to manage liquid waste. Technology and expertise are not readily available in every country and region. This further increases the hurdles in developing the necessary infrastructure.
Liquid Waste Management Market: Key Segments
The global liquid waste management market can be segmented based on source, service, and region. In terms of source, the liquid waste management market can be divided into residential, commercial, and industrial. The residential segment includes liquid waste created in households. It primarily consists of human excreta and disposal of garbage. The commercial segment comprises liquid waste created in commercial centers such as shops and business offices. The industrial segment consists of liquid waste created in manufacturing and industrial facilities. It primarily consists of harmful chemicals and other effluents generated as a result of manufacturing processes.
In terms of service, the liquid waste management market can be classified into collection, transportation, and disposal. One company can either provide all three services or different combinations of the services. Septic tanks is one of the methods of collecting liquid waste. A method of transporting liquid waste is sewerage pipes. Similarly, composting is one of the methods of disposing liquid waste.
Liquid Waste Management Market: Regional Outlook
In terms of region, the liquid waste management market can be segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America and Europe have enacted strict norms regarding the management of liquid waste. Hence, these regions account for major share of the liquid waste management market. Emerging countries such as India and China are still developing the necessary infrastructure to manage waste. Hence, these countries are projected to provide lucrative opportunities to the liquid waste management market during the forecast period.
Liquid Waste Management Market: Key Players
Key players operating in the liquid waste management market include Suez Environment S.A., Veolia Environmental Services, Convanta Holding Corporation, and Chemtex Inc.