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Industrial waste is the waste produced by industrial activity which includes any material that is rendered useless during a manufacturing process such as that of factories, mills and mining operations or excavation. It has existed since the outset of the industrial revolution. Some examples of industrial waste are chemical solvents, residues, industrial waste water, paints, sand paper, paper products, industrial by-products, metals, industrial hazardous materials, radioactive agents. Industrial and commercial products can be comprises 80% of overall waste in Scotland.
The global industrial waste management market is segmented on the basis of their services which include collection, recycling, incineration, and landfill. The market is further segmented on the basis of regions such as Asia-Pacific, Europe, Middle East & Africa, and Americas. Each segment has been analyzed with respect to its market trends, growth trends, and future prospects. The data has been analyzed from 2011 to 2019, and all quantitative data regarding segmentation is mentioned in terms of value ($Million).
The global industrial waste management market is expected to cross $1 trillion by 2019, growing at a CAGR of 8.9% from 2014 to 2019. In terms of market size, Asia-Pacific stood first followed by Europe and Americas in 2013. Rapid industrialization in the emerging countries of Asia-Pacific has led to increased waste generation, creating a huge demand for waste management services in the region. Between 2014 and 2019, the region is expected to witness the highest growth at a CAGR of 11.4%, to reach $685.0 billion by 2019, from $398.6 billion in 2013
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