Overview and Scope
Polyfluoroalkyl substances (PFAS) waste management refers to the strategies, methods, and processes used to handle, treat, and dispose of waste materials containing PFAS compounds. PFAS are a group of artificial chemicals used in various industrial and consumer products for their water- and grease-resistant properties. The goal of PFAS waste management is to minimize the release of these substances into the environment, protect human health, and ensure compliance with regulatory requirements.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The polyfluoroalkyl substances (pfas) waste management market report table of contents includes:
1. Executive Summary
2. Polyfluoroalkyl Substances (PFAS) Waste Management Market Characteristics
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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