PUBLISHER: The Business Research Company | PRODUCT CODE: 1527099
PUBLISHER: The Business Research Company | PRODUCT CODE: 1527099
Polyfluoroalkyl substances (PFAS) waste management encompasses the strategies, methods, and processes used to handle, treat, and dispose of waste materials containing PFAS compounds. PFAS are synthetic chemicals widely utilized in industrial and consumer products due to their water- and grease-resistant properties. The primary objective of PFAS waste management is to minimize the environmental release of these substances, protect human health, and ensure compliance with regulatory requirements.
The main types of PFAS waste managed include perfluorooctane sulfonate (PFOS), perfluorooctanoic acid (PFOA), perfluorobutanoic acid (PFBA), and perfluorodecanoic acid (PFDA). PFOS, for example, is a man-made chemical used in various industrial applications such as stain repellents, fire-fighting foams, and coatings. The methods for managing PFAS waste include landfilling, incineration, and wastewater treatment, which can occur either on-site or off-site. These methods are applied across different sectors, including industrial, construction, municipal solid waste, and others.
The poly-fluoroalkyl substances (PFAS) waste management market research report is one of a series of new reports from The Business Research Company that provides poly-fluoroalkyl substances (PFAS) waste management market statistics, including poly-fluoroalkyl substances (PFAS) waste management industry global market size, regional shares, competitors with a poly-fluoroalkyl substances (PFAS) waste management market share, detailed poly-fluoroalkyl substances (PFAS) waste management market segments, market trends, and opportunities, and any further data you may need to thrive in the poly-fluoroalkyl substances (PFAS) waste management industry. This poly-fluoroalkyl substances (PFAS) waste management research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historical period can be attributed to several key factors. These include the increased demand for polyfluoroalkyl substances across various industries, regulatory changes addressing PFAS management, shifting consumer preferences towards environmentally safe products, and heightened 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 anticipated growth in the forecast period can be attributed to several key factors. These include the increasing demand for environmental sustainability, the rising global environmental population, the privatization of environmental testing and treatment services, increased funding for wastewater and treatment projects, and the high usage of perfluorooctanoic acid (PFOA). Major trends expected during this period encompass technological advancements, a growing demand for sustainable solutions, the emergence of specialized treatment technologies, an increasing demand for incineration and thermal treatment methods, and a rise in PFAS testing and monitoring services.
The growth of the polyfluoroalkyl substances (PFAS) waste management market is expected to be driven by increasing government initiatives for environmental sustainability. Environmental sustainability involves the responsible management of natural resources to meet current needs without compromising the ability of future generations to meet theirs. These initiatives are prompted by the need to protect public health, realize economic benefits, and conserve biodiversity. Government efforts in 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 of $11.881 billion and 16,204 full-time equivalent (FTE) positions to support its efforts in safeguarding the environment and public health. This represents a $2.644 billion increase from the 2022 financial year's annualized continuing resolution (ACR). Therefore, the growing focus on environmental sustainability is driving the demand for PFAS waste management.
Companies in the PFAS waste management market are developing advanced solutions such as energy-efficient PFAS destruction technology to mitigate environmental contamination and reduce health risks associated with these persistent chemicals. Energy-efficient PFAS destruction technology aims to break down PFAS compounds in an environmentally friendly and cost-effective manner while minimizing energy consumption. For example, in April 2023, Enspired Solutions Inc., a US-based company specializing in innovative PFAS remediation technology, launched PFASigator. This energy-efficient technology 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 utilizes reductive defluorination catalyzed by UV light to break down PFAS into water, fluoride, and simple carbon compounds.
In February 2024, Ovivo, a Canada-based water and wastewater treatment company, acquired E2Metrix for an undisclosed amount. The acquisition aims to accelerate the development and commercialization of an integrated solution to destroy PFAS in water and wastewater, helping Ovivo's clients comply with the U.S. Environmental Protection Agency's proposed PFAS regulatory limits. E2Metrix, a Canada-based company, specializes in PFAS waste management.
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
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.
The countries covered in the polyfluoroalkyl substances (PFAS) waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polyfluoroalkyl substances (PFAS) waste management market consists of revenues earned by entities by providing PFAS waste handling, treatment, and disposal, source reduction and minimization, containment and isolation, thermal treatment, and biological treatment. The market value includes the value of related goods sold by the service provider or included within the service offering. The polyfluoroalkyl substances (PFAS) waste management market also includes sales of specialized treatment systems, containment materials, and filtration technologies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polyfluoroalkyl Substances (PFAS) Waste Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polyfluoroalkyl substances (PFAS) waste management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polyfluoroalkyl substances (PFAS) waste management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polyfluoroalkyl substances (PFAS) waste management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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