Liquid Waste Management Market Overview
The Liquid Waste Management Market size is forecast to reach US$120.1 billion by 2027, after growing at a CAGR of 3.7% during the forecast period 2021-2027. Liquid waste includes sewage along with wastewater generated from different industries. Hence, liquid waste management is employed in order to control, manage, dispose, or treat the liquid waste generated from various industries. Some of the common industries that employ liquid waste management are Oil and Gas, Paper and Pulp, Textile, Automotive, Pharmaceutical, Iron and Steel, Chemicals, Food and Beverages, and so on. An increase in demand for oil and gas production along with strict government regulations to adopt wastewater treatment in order to reduce Biological Oxygen Demand can act as major drivers for the market. On the other hand, the higher cost of sewage treatment plants may act as a major constraint for the market.
COVID-19 Impact
There is no doubt that the COVID-19 lockdown has significantly reduced construction and production activities which in turn has resulted in the country-wise shutdown of construction sites, shortage of labor, and the decline of supply and demand chain all over the world. Studies show that the outbreak of COVID-19 sharply declined oil and gas production in 2020 due to a lack of operations across multiple countries around the world. A decline in production activities significantly reduced the production of liquid waste generated from these petroleum refinery sites, thus, affecting the market. However, a slow recovery in new development and production activities has been witnessed across many countries around the world since the end of 2020. For instance, in September 2020, the Indian Oil Corporation (IOC) had approved an investment of INR 1,268 crore ($ 173.5 million) in order to set up a needle coker unit at the firm’s Paradip refinery in Odisha. The proposed unit is expected to have a total Calcined Needle Coke (CNC) production capacity of around 56-kilo tonnes per year. Likewise, Australia announced its Scarborough Gas Project and Pluto LNG Expansion worth $11 billion to be resumed since 2020. The facility was built with a targeted capacity of 4-5 mtpa, which will be responsible for developing the gas from the Scarborough field, located 270km off the coast of Western Australia. In this way, a slow and steady increase in oil and gas production activities will require the use of liquid waste management methods in order to manage and treat the liquid waste produced from these production sites. This will eventually lead to a steady recovery of the market in the upcoming years.
Liquid Waste Management Market Segment Analysis – By Method
The sedimentation segment in Liquid Waste Management Market held a significant share in 2021. It is used for the purpose of removing solid waste from the liquid waste (non-hazardous), either by using sediment basins or by filtering water from a sedimentation tank. The solid waste or sewage sludge that is left behind is then dumped into the landfills. The major advantage that this method hold over others is that it is quite easy to perform, it is cost-effective, it requires fewer chemicals for successive water treatment, and there is a minimum disparity in the quality of water that is treated through this process. Hence, an increase in demand for wastewater treatment from residential, and commercial sectors are most likely to increase the market growth in the upcoming years.
Liquid Waste Management Market Segment Analysis – By Source
The industrial segment in Liquid Waste Management Market held a significant share in 2021. The major reason behind this is the increase in demand for wastewater treatment that is generated from multiple industrial sectors such as Oil and Gas, Paper and Pulp, Textile, Automotive, Pharmaceutical, Iron and Steel, Chemicals, and more. According to research published on RecoverUSA, the USA produces around 7.6 billion tons of industrial waste every year. Currently, the U.S. recycles about 30% of its waste stream, and more than 60% of the average landfill constitutes of plastics, paper, glass, metals, and food waste. In this way, an increase in demand for the treatment of waste produced from multiple industrial sectors are most likely to increase the market growth in the upcoming years.
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Liquid Waste Management Market Segment Analysis – By End-Use Industry
The Oil and Gas Industry held the largest share in the Liquid Waste Management Market in 2021 and is expected to grow at a CAGR of 4% between 2022 and 2027. The major reason behind this is the increasing demand for liquid waste management that is generated from oil and gas production activities in several countries across the world. For instance, the Ministry of Petroleum and Natural Gas (MoPNG) announced the continuity of its operations of five major ongoing projects worth INR 1.67 lakh crore ( $22.85 billion) since April 2020. Likewise, Africa’s largest private project, the Rovuma LNG project worth $33 billion started its operations in 2020. The Rovuma facility is estimated to produce an output of 15.2 million tons of LNG per year, along with an operational lifespan of 30 years. Kuwait also announced the delivery of its ongoing project called Al Zour Refinery worth $16 billion in 2020. It is expected to produce 100,000 barrels per day of low-sulfur fuel oil and it is expected to use more than 1.5 million b/d of crude and 300 MMcf/d of gas feedstock. An increase in these production activities will also significantly increase the amount of waste generated globally.
According to the Environmental Protection Agency, wastes produced from crude oil and natural gas exploration and production are usually subject to regulation under Subtitle D of the Resource Conservation and Recovery Act (RCRA) and state regulations, and several state governments have come up with specific regulations and guidance for exploration and production wastes. An increase in oil and gas production activities has also increased the risk of possible effects on public health and the environment, including possible negative effects arising from improper management of wastes from exploration and production activities. Hence, the regulations enforce the importance of proper waste management for all exploration and production wastes. In this way, an increase in demand for oil and gas production activities will also significantly increase the demand for liquid waste management methods in order to abide by the prevailing regulations to manage and treat the liquid waste produced during the production activities, thus, leading to market growth in the upcoming years.
Liquid Waste Management Market Segment Analysis – By Geography
North America held the largest share in the Liquid Waste Management Market in 2021 up to 34%, owing to the increase in demand for liquid waste management that is generated from oil and gas production activities. For instance, the government of the USA made an announcement to continue to operations of the Alaska LNG Liquefaction Plant project worth $43 billion in 2020. The Alaska LNG represents a three-train liquefaction plant, gas treatment plant, an 800-mile pipeline. The facility is expected to export around 3.5 billion cubic feet of gas per day from Alaska’s North Slope gas fields. Likewise, another project called Cameron LNG Liquefaction Plant worth $10.2 billion located in Louisiana, USA was due delivered in 2020. The facility was built with an anticipated capacity of 14.95 million tons per annum from three liquefaction trains. Furthermore, in 2019, the Canadian Association of Petroleum Producers (CAPP) stated that Canada is capable of producing 16,000 barrels of crude oil per day along with 5.5 billion cubic feet of natural gas per day. It also states that Canada’s oil production is estimated to reach 106.3 million barrels per day by 2040.
According to the American Petroleum Institute (API), more than 18 billion barrels of waste fluids from oil and gas production are generated annually in the United States. Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in water. Hence, in order to abide by the existing regulations, the demand for liquid waste management generated during these oil and gas production activities has also increased significantly. This, in turn, will lead to Liquid Waste Management Market growth in the upcoming years.
Liquid Waste Management Market Drivers
Increasing demand for oil and gas production is most likely to drive the market growth
Continuously increasing demand for oil and gas supplies from the industrial, commercial, and residential sectors is a key driver of market growth. For instance, Nigeria announced the start of its project called Dangote Refinery and Polypropylene Plant worth $ 11 billion which is due delivery by the end of 2021. The facility is expected to process different grades of crude including shale oil, along with a production capacity of 104,000 b/d of diesel, 153,000 b/d of gasoline, 4,109 b/d of LPG, 73,000 b/d of jet fuel, and 12,300 b/d of fuel oil. Similarly, Russia announced the continuity of its project called Nord Stream 2 Gas Pipeline worth $10.8 billion since 2020. The pipeline is expected to increase the gas capacity of the Nord Stream route to 110 billion m3 per annum.
Liquid waste management plays a major role in order to manage, dispose, recycle, or treat the liquid waste generated from this sector during the production activities. This not only reduces the negative impact of generated wastes on the environment but also helps the industry save a lot of money by reusing recycled waste materials. In this way, an increase in demand for oil and gas production activities in various countries across the world will also increase the demand for wastewater treatment generated during these production activities in order to maintain the prevailing environmental regulations, thus, leading to market growth in the upcoming years.
Strict government regulations to adopt wastewater treatment is most likely to drive the market growth
Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in wastewater. For instance, the U.S. Environmental Protection Agency has issued Effluent Guideline regulations for industries under the Clean Water Act (CWA). According to this regulation, the maximum level of contamination that is allowed in discharge depends on the type of industry along with the levels that have been set as per the performance of treatment systems. Any kind of desecration of these regulations or guidelines can lead to an environmental penalty. Exceeding the mentioned discharge levels, abnormal or accidental release of pollutants along with the failure of discharge reporting can result in an environmental penalty. Hence, all the manufacturers from multiple industries are bound to follow these regulations and tend to dispose of wastewater properly in order to avoid such penalties. This, in turn, can lead to a significant of the Liquid Waste Management Market.
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Liquid Waste Management Market Challenges
High cost of liquid waste treatment can cause an obstruction to the market growth
The treatment capacity of an individual country is primarily dependent on its income. Well-developed countries that have high income generally have the treatment capacity of over 70% of the wastewater production whereas developing countries with low income have the treatment capacity of around 8% only. Since liquid waste can easily pollute the land and freshwater resources, it is more difficult to collect and process in comparison to solid waste and it should also be handled more carefully. Moreover, sewage treatment plants become less efficient over a certain period of time due to steady build-up within piping systems and require frequent maintenance that can be quite costly. Hence, the high cost associated with liquid wastewater treatment is most likely to obstruct the market growth.
Liquid Waste Management Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Liquid Waste Management Market. Liquid Waste Management Market top companies are:
Veolia Environmental Services
SUEZ Environment SA
Xylem
Evoqua Water Technologies Corporation
Clean Harbors Inc.
GFL Environmental Inc.
Aqua America Inc.
Hulsey Environmental Services
Morgan Group
FCC Austria Abfall Services
Acquisitions/Technology Launches
In November 2020, Ovivo acquired ALAR, which is a manufacturer and provider of wastewater treatment chemicals and systems, in order to enhance its product portfolio along with the company’s business.
In February 2020, Shanghai Chemical Industry Park (SCIP), SUEZ NWS, and SAIC Motor formed a partnership for the purpose of recovering hazardous waste in an Industrial park. SUEZ established this new joint venture in order to provide high-quality waste treatment services to SCIP and SAIC and to further expand into the Chinese Market.
Key Takeaways
Oil and Gas Industry in Liquid Waste Management Market is expected to see the fastest growth, especially during the forecast period. The major reason behind this is the increasing demand for wastewater treatment from petroleum refinery sites.
The Ministry of Petroleum and Natural Gas (MoPNG) announced that activities related to 8,363 Oil & Gas projects worth INR 5.88 lakh crore ($80.47 billion) have resumed in India since April 2020. This, in turn, has increased the demand for liquid waste management methods in order to manage the liquid waste produced from these production sites, thus, driving the market growth.
North America dominated the Liquid Waste Management Market in 2021, the major reason behind this is the increasing demand for wastewater treatment due to the shale gas exploration in the region in recent years.
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