Global Hazardous Waste Materials Market Is Expected to Reach Us$ 37.2 Bn by 2021: Credence Research

According to a new market report published by Credence Research “Hazardous Waste Materials Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the hazardous waste materials market was valued at US$ 25.3 Bn in 2016, and is expected to reach US$ 37.2 Bn by 2022, expanding at a CAGR of 6.6% from 2016 to 2022.

Browse the full Hazardous Waste Materials Market by Types of Wastes, Service types, Treatment Types and Treatment Sites - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/hazardous-waste-materials-market

Market Insights

Hazardous waste management is known as the process of collection, treatment and disposal of waste materials generated by various end-user industries and manufacturing units. Improper handling of hazardous waste can lead to health hazards and fatal injuries. Hence, proper waste management techniques are adopted worldwide. Hazardous waste can be in the form of solid, liquids or gases. Hazardous wastes are classified based on its biological, physical and chemical properties. These materials differentiate between the materials for being either, ignitable, toxic, corrosive, radioactive or infectious.

Rapid industrialization in both the developing and developed economies has led to increase in the waste generation. The waste from various industries such as pharmaceutical, healthcare can be toxic to humans and animals. This has led to demand for hazardous waste material management worldwide. Therefore, hazardous waste materials market is segmented on the basis of service types which include collection, transportation and storage, treatment and disposal, recycling and other services. Among these, treatment and disposal dominated the global hazardous waste materials market. Treatment and disposal technology offers benefits such as reduction of volume at required areas, detoxification, and separation of components and recovery of...