The polyfluoroalkyl substances (pfas) waste management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Polyfluoroalkyl Substances (PFAS) Waste Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to increased demand for polyfluoroalkyl substances, increased demand from various industries, regulatory changes, shifting consumer preferences, and increased awareness of the environmental and health risks associated with PFAS contamination.
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%. The growth in the forecast period can be attributed to growing demand for environmental sustainability, rising environmental population worldwide, privatization of environmental testing and treatment services, increased funding for wastewater and treatment projects, and high usage of perfluorooctanoic acid (PFOA). Major trends in the forecast period include technological advancements, demand for sustainable solutions, emergence of specialized treatment technologies, increasing demand for incineration and thermal treatment, and rise of PFAS testing and monitoring services.
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Scope Of Polyfluoroalkyl Substances (PFAS) Waste Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Polyfluoroalkyl Substances (PFAS) Waste Management Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Asia-Pacific was the largest region in the polyfluoroalkyl substances waste management market in 2023. The regions covered in the polyfluoroalkyl substances (PFAS) waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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
Table of Contents
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. Global Polyfluoroalkyl Substances (PFAS) Waste Management Market Size and Growth
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32. Global Polyfluoroalkyl Substances (PFAS) Waste Management Market Competitive Benchmarking
33. Global Polyfluoroalkyl Substances (PFAS) Waste Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Polyfluoroalkyl Substances (PFAS) Waste Management Market
35. Polyfluoroalkyl Substances (PFAS) Waste Management Market Future Outlook and Potential Analysis
36. Appendix
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