The U.S. liquid waste management market size is expected to reach USD 28.9 billion by 2027, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 1.5% during the forecast period. Strong odor, unsightliness, and other characteristics associated with waste, such as breeding grounds for insects and pests, have augmented the demand for appropriate processing and treatment facilities of liquid waste.
The
increasing utilization of water per household in the U.S. is expected to drive
liquid waste generation in the residential sector. In addition, growth in
industrial activities and operation of manufacturing facilities to their
optimum capacities after the recession is expected to augment the generation of
liquid waste in the industrial sector in the country.
According
to the World Health Organization (WHO) and the Centers for Disease Control and
Prevention (CDC) recommendations, waste related to COVID-19 from the healthcare
facilities is to be managed similarly to medical waste. Furthermore, increasing
awareness among consumers regarding the benefits of waste disposal and
recycling using appropriate methods to reduce risks is anticipated to
complement growth in the U.S.
Rapid
technological development and growing population are leading to strong growth
in the total liquid waste volume, which, in turn, has boosted the revenue of
the market for liquid waste management service. Improved recycling
technologies and an increased focus on environmental sustainability are
expected to drive demand.
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U.S. Liquid Waste
Management Market Report Highlights
- Liquid waste
generated through industrial sources is estimated to witness a CAGR of
1.6% from 2020 to 2027, owing to optimum utilization of the manufacturing
facilities, resulting in increased generation of toxic and hazardous waste
- Oil and gas
industry accounted for over 4.6% of the overall revenue generated through
the treatment of liquid waste in 2019, on account of the presence of high
levels of immiscible hydrocarbons emitted from oil and gas operations
- New York
accounted for 5.6% of the overall revenue share in 2019, owing to
increasing industrial projects within the residential neighborhood
generating wastewater contaminated with chemical waste and toxic,
hazardous substances
- Slurry
management in Pennsylvania is anticipated to witness a CAGR of 0.6% from
2020 to 2027, due to the energy boom after the discovery of shale gas
reserves, which triggered the demand for industrial components and parts
- Key players
provide services such as vendor agnostics, products, and equipment for the
recycling machinery in order to acquire more customers to increase their
consumer base and offer personalized services to maintain customer loyalty
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U.S. Liquid Waste
Management Market Segmentation
Grand View Research has
segmented the U.S. liquid waste management market on the basis of waste type,
source, service, and states:
U.S. Liquid Waste
Management Waste Type Outlook (Revenue, USD Billion, 2016 - 2027)
- Residential
- Commercial
- Toxic & Hazardous Waste
- Organic & Non-Hazardous Waste
- Industrial
- Toxic & Hazardous Waste
- Organic & Non-hazardous Waste
- Chemical Waste
U.S. Liquid Waste
Management Source Outlook (Revenue, USD Billion, 2016 - 2027)
- Municipal
- Textile
- Paper
- Iron & Steel
- Automotive
- Pharmaceutical
- Oil & Gas
- Others
U.S. Liquid Waste
Management Service Outlook (Revenue, USD Billion, 2016 - 2027)
- Collection
- Transportation/Hauling
- Disposal/Recycling
U.S. Liquid Waste
Management Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- California
- Texas
- Florida
- New York
- Illinois
- Pennsylvania
- Ohio
- Georgia
- North Carolina
- Michigan
- Kentucky
- Tennessee
- Virginia
- West Virginia
- South Carolina
- Arkansas
- Alabama
- Mississippi
- Louisiana
- Maryland
- Indiana
- Wisconsin
- Rest of the U.S.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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