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Solid Waste Management Market Demand, Recent Trends, Size and Share Estimation by 2027
The global solid waste management market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Solid waste majorly includes waste plastic products, organic matter, and metal and glass products. As per a recent report by Fortune Business Insights, the market is anticipated to reach USD 366.52 billion by the end of 2027 from USD 285.16 billion earned in 2019. The forecast period is set between 2020 to 2027, and the market is likely to exhibit a CAGR of 3.3%.

Information Source: https://www.fortunebusinessinsights.com/solid-waste-management-market-103045

Companies Covered in the Solid Waste Management Market Report by Fortune Business Insights™:

TANA Oy (Finland)
ALBA Group (Germany)
Stericycle Inc. (USA)
Remondis AG & Co. Kg (Germany)
Covanta Holdings Corporation (USA)
Biffa PLC (U.K.)
SUEZ Group (France)
Envac Group (Sweden)
Recology (USA)
Advanced Disposal Services, Inc. (USA)
Republic Services Inc. (USA)
Hitachi Zosen Corporation (Japan)
Clean Harbors Inc. (USA)
Veolia Environment S.A. (France)
Waste Management Inc. (USA)
Other vendors
Drivers & Restraints-

The advent of Smart Waste Management to Aid in Expansion of Market

Rapid industrialization and urbanization are the key factors propelling the solid waste management market growth. In addition to this, the advent of new technological trends, such as smart waste management, is expected to boost the market. This, coupled with the advent of the Internet of Things technologies with the potential of a better waste collection process via optimization that also reduces the overall operational expenditure, will aid in the expansion of the market in the coming years.

On the contrary, managing solid waste is a long and tedious task and requires high capital and operational cost in terms of waste collection bins, vehicles, and processing equipment. Additionally, solid waste causes land and water pollution that requires a large number of trained workers for carrying out smooth operations to process the waste. Therefore, the high requirement of manual labor is also set to hamper the market growth.

Segment-

Collection Segment to Cover Major Share Owing to its Labor Intensive Activity

The collection segment earned 56.6% share in 2019 and emerged dominant based on the treatment method. This is because the collection of solid waste is completely labor-intensive and is the most crucial part of the process.

Report Aim & Scope:

An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
The various parameters accelerating the growth of the market are incorporated in the research report.

According to Fortune Business Insights, the global salt market forecast is likely to experience dynamic growth in the forthcoming years as a result of rapid innovations and technological advancements, along with speedy globalization. The growing demand for Chlor-alkali chemicals is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, the rising need for salt applied in the chemical manufacturing industry is expected to enable speedy expansion of the market.

Information Source- https://www.fortunebusinessinsights.com/salt-market-103011

The whole world is battling with the novel coronavirus, leaving numerous industries in distraught. The authorities of several countries have initiated a lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that they can adopt the necessary strategies accordingly.



Prospering End-use Industries to Boost Development in the Asia Pacific

Asia Pacific is expected to rise tremendously during the forecast period owing to the rapid developments in emerging economies such as India and China. The growing solar salt production is expected to have a positive impact on the market in the region. The improving chemical and food processing businesses in China can contribute effectively to the growth of the market in the region. North America is expected to observe rapid growth during the forecast period owing to sustainable production in the region. The Middle East and Africa are expected to hold a significant share during the forecast period owing to the advancements in chemical, food engineering, and other manufacturing operations. However, the market in Latin America is expected to experience unsteady growth owing to the political turmoil and economic instability in the region

The global ceramic tiles market size is projected to reach USD 82.83 billion by 2026, attributable to rising in construction activities worldwide. Ceramic tiles offer functions such as scratch-resistance, slip-resistance, and cracking resistance, and are appealing aesthetically. Fortune Business insights™ provides a comprehensive overview of the market in their recently published report The ceramic tiles market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.

Information Source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377

Government-supported Initiatives to Improve Existing Infrastructure will Bode Well for Market

Moreover, the rise in disposable incomes of people, coupled with the rapid industrialization and modernization, propelled people to renovate and reconstruct existing homes and commercial spaces. Furthermore, the advent and rising popularity of customizable and digitally printed ceramic tiles and the currently trending phase of interior decorations will further help the market generate high revenue in the forthcoming years. Increasing construction and renovation activities worldwide is a significant factor propelling the ceramic tiles market growth. This, coupled with the rise in government initiatives to improve public recreational spaces such as hospitals, schools, and public transport, are likely to aid in the expansion of the market.

The global recycled plastics market is projected to reach USD 72.6 billion by the end of 2027. The presence of several large scale companies across the world will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 37.8 billion in 2018 and will exhibit a CAGR of 8.5% during the forecast period, 2020-2027.

Information Source- https://www.fortunebusinessinsights.com/recycled-plastic-market-102568

Increasing Efforts Taken to Maximize the Use of Recycled Products Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Plastic waste have a serious effect on the environment, particularly on aquatic and wildlife. As a result, several large scale companies are partnering to minimize the use of plastic and make people aware about its negative effects. In March 2019, Coca Cola, Nestle, and Unilever formed the ‘African Plastics Recycling Alliance’. This alliance was formed with the aim of bringing about a change in the plastic recycling infrastructure across Sub-Saharan Africa. This alliance will not just influence the regional market, but will also have a direct impact on the growth of the global market.

Asia Pacific to Emerge Dominant; High Demand for Bottled Water to Create Several Growth Opportunities

The report analyzes the ongoing beer market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is likely to emerge dominant in the coming years. The presence of several bottled water manufacturers will aid the growth of the market. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years driven by the increasing number of government initiatives. As of 2018, the market in North America was worth USD 2.45 billion and this value is projected to increase further in the coming years, owing to the high awareness regarding the use of plastic material.

The global waterproofing membrane market size is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028. The rising need to save energy through the construction of green roofs and buildings is set to propel the demand for these membranes, especially to prevent stormwater runoff and filter out contaminant air particles. As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028.

Information Source- https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393

Rising Demand for Residential Spaces in Developing Nations to Aid Growth

The high demand for residential spaces, especially in developing countries, on account of the surging population is expected to spur the demand for these membranes in the upcoming years. Also, governments of these countries are constantly taking initiatives to provide the Economically Weaker Section (EWS) with good housing. For instance, India’s Union Housing and Urban Affairs Ministry announced in January 2021 that it approved the construction of more than 168,000 houses under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. However, these membranes contain solvents, diluents, and other additives that often release toxic fumes and VOCs. It may obstruct the waterproofing membrane market growth.

Segments-

Urgent Need to Protect Roofs from Rainwater will Drive the Roofing Segment

Based on applications, the market is categorized into roofing, walls, building structures, landfills & tunnels, and others. Out of these, the roofing segment procured the largest waterproofing membrane market share in 2020. The rising need to protect roofs from atmospheric moisture and rainwater is set to accelerate this segment in the near future. Also, the increasing number of residential construction activities in Asia Pacific would contribute to this growth.

The global bitumen market size is anticipated to hit USD 67.14 billion by 2028 and exhibit a CAGR of 3.8% during the forecast period. The soaring road construction activities and the rising demand for bitumen for products for waterproofing applications are expected to be the key factors boosting the Bitumen Market growth. Fortune Business InsightsTM has presented this information in its report titled, “Bitumen Market, 2021-2028”. The market size stood at USD 49.45 billion in 2020 and USD 51.69 billion in 2021.
Additionally, the rising adoption of bio-asphalt is anticipated to prevail as a key trend stimulating the market growth during the forecast period.


Information Source- https://www.fortunebusinessinsights.com/bitumen-market-104300

Increasing Road Construction Activities to Fuel Market Growth

The high demand for bitumen products such as bitumen paint, bitumen primer, bitumen roof, bitumen adhesive, and others, due to their exceptional properties, are anticipated to fuel the market growth. These products are widely applied in waterproofing underground structures, bridges, basements, and other infrastructure. Hence, the high demand for bitumen products in waterproofing applications is likely to stimulate market growth.

The innate and unique properties of bitumen allow it to be used as a raw material in pavement and road construction. The increasing road construction activities across developing and developed economies are likely to benefit the market growth.

Additionally, the development of bio-asphalt that is sustainable and eco-friendly is likely to amplify market growth in the forthcoming years.
However, the use of hazardous chemicals in bitumen products may restrain the market growth.


Competitive Landscape-

Key Players Adopt Ingenious Strategies to Acquire Growth

The market comprises a large number of global players. Indian Oil Corporation, Sinopec, Exxon Mobil, Royal Dutch Shell, and Raha Bitumen are the major market players. The major players emphasize strategic alliances to achieve competitive advantages and increase their market shares. They also adopt new product launches, mergers, acquisitions, partnerships, and others to magnify their market penetration. For instance, Shell Bitumen partnered with Tiki Tar Industries in October 2019 to supply asphalt for pavement application to consumers.

The global solid waste management market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Solid waste majorly includes waste plastic products, organic matter, and metal and glass products. As per a recent report by Fortune Business Insights, the market is anticipated to reach USD 366.52 billion by the end of 2027 from USD 285.16 billion earned in 2019. The forecast period is set between 2020 to 2027, and the market is likely to exhibit a CAGR of 3.3%.

Information Source- https://www.fortunebusinessinsights.com/solid-waste-management-market-103045

The advent of Smart Waste Management to Aid in Expansion of Market

Rapid industrialization and urbanization are the key factors propelling the solid waste management market growth. In addition to this, the advent of new technological trends, such as smart waste management, is expected to boost the market. This, coupled with the advent of the Internet of Things technologies with the potential of a better waste collection process via optimization that also reduces the overall operational expenditure, will aid in the expansion of the market in the coming years.

On the contrary, managing solid waste is a long and tedious task and requires high capital and operational cost in terms of waste collection bins, vehicles, and processing equipment. Additionally, solid waste causes land and water pollution that requires a large number of trained workers for carrying out smooth operations to process the waste. Therefore, the high requirement of manual labor is also set to hamper the market growth.

The global medical coatings market size is expected to reach USD 7,990.0 million by 2027, exhibiting a CAGR of 9.7% during the forecast period. The increasing preference for antimicrobial coatings over disinfectants and other cleaning agents will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Medical Coatings Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027.” The market size stood at USD 3,690.0 million in 2019.

Information Source- https://www.fortunebusinessinsights.com/medical-coatings-market-104536


Heavy Demand for Medical Devices to Aid Market amid Coronavirus

The mounting demand for medical equipment such as PPE (Personal Security Equipment), ventilators, and diagnostic kits among healthcare professionals will ultimately enhance the progress of the market during coronavirus. The need for test kits and ventilators has posed enormous pressure on the medical industry. The European Commission has recently introduced updated harmonized guidelines to speed up the development of surgical masks, gloves, containers for intravenous injections, sterilization instruments, and disinfectants. However, the existing supply chain problems related to the pandemic can relatively affect the market amid coronavirus.

Rising Prevalence of Cardiovascular Diseases to Enable Growth in Europe

The market in Europe is expected to hold the largest share owing to the increasing prevalence of arthritis, cancer, vascular diseases, cardiovascular diseases, and cerebrovascular conditions. The growing number of minimally invasive procedures and surgeries will foster growth in the region. Asia Pacific is expected to expand radically during the forecast period owing to the growing demand for medical devices and tools such as ventilators, endotracheal tubes, catheters, guidewires, angioplasty catheters, delivery heaths, artificial implants, and others. The surging cases of coronavirus in China, India, and Pakistan will spur demand for medical coatings, which, in turn, will stimulate the growth of the market in Asia Pacific.

The global oilfield chemicals market is expected to rise during the forecast period due to rising use of eco-friendly oilfield chemicals to reduce toxicity and benefit the environment. Fortune Business Insights™ publishes this information in a report titled, "Oilfield Chemicals Market, 2022-2029". As per the report, the oilfield chemicals market size was USD 16.95 billion in 2021. The market size is expected to rise from USD 18 billion in 2022 to USD 29.27 billion by 2029 at a CAGR of 7.2% during the projected period.

The oilfield industry acquires various chemicals used in exploration and production with drilling fluids and production chemicals. These chemicals are used to separate and purify crude oil and gas, where corrosion inhibitors are considered an important element. Increasing demand for eco-friendly chemicals is expected to drive the market during the forecast period.

Info Source- https://www.fortunebusinessinsights.com/oilfield-chemicals-market-105257

Regional Insights:

North America Dominates Global Market Due to Development in Oil & Gas Sector

North America holds the highest oilfield chemicals market share during the projected period due to rising oil and gas sector operations. Also, the development of hydraulic fracturing and drilling processes contributes to dominating the market share. The region stood at USD 9.19 billion in 2021 and dominated the global market.

Asia Pacific is expected to hold the second-largest global market share during the forecast period, owing to increasing industrialization and commercialization in the region. Demand for plastic packaging is increasing, which bolsters market growth.

The global air bearings market size anticipates to grow at a spiraling pace during the forthcoming years. Air bearings are effective in reducing the shocks and vibrations that arise from friction. The demand for lowering friction in several high-speed machines is expected to significantly aid the market. Fortune Business Insights™ has presented this information in an upcoming report titled, “Air Bearings Market, 2021-2028”. The report highlights the different factors boosting market growth. For instance, aerodynamic bearings possess excellent features like longer service life, higher rotational power, and outstanding thermal stability. These features are expected to enhance the market penetration and thereby increase the demand for aerodynamic bearings in several industries.


Segmentation-

Based on type, the air bearings market bifurcates into aerostatic bearings and aerodynamic bearings. On the basis of its speed capacity, the market segments into <1000 rpm, 1000-6000 rpm, and >6000 rpm. On the basis of its application, the market divides into precision material tools, coordinate measuring machines, high-speed machines, etc. On the basis of its end-use, the market segments into wastewater management, medical, automotive, semiconductor, aviation, etc. Geographically, the aerodynamic bearings market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage-

The report follows an innovative methodology using top-down and bottom-up approaches for a holistic assessment of the prospected market. The report also incorporates PESTLE Analysis and Porters’ Five Forces Analysis for an infallible prediction of the market. The information presented in the report is gathered through interviews with multiple stakeholders at regional, country, and global levels. The report presents data on the competitive landscape of the aerodynamic bearings market and highlights recent industry developments, including details on new product launches, key market trends, expansions, and acquisitions, etc.

Drivers & Restraints-

Development of Efficacious Aerodynamic bearings to Amplify Market Scope

Industries like aviation, space, wastewater management, semiconductor, automotive, etc., benefit from the application of aerodynamic bearings in these industries. The need for energy-efficient aerostatic bearings is on the rise. As a result, major players are focusing on developing efficacious aerostatic bearings, which is driving the market growth. Additionally, the growing demand from the aviation industry is expected to augment future growth. The developments in the automotive industry for cost-efficient aerostatic bearings are expected to offer lucrative growth opportunities in the market. However, the high costs of installation are expected to act as a restraint in market growth.

Regional Insights-

North America to Bag the Largest Share of Growth

North America is anticipated to hold the largest slice in global air bearings market share due to the existing regional players like Hovair Systems Inc., PI Nelson Air Corp, Honeywell International Inc., Capstone Turbine Corporation, etc.

Asia Pacific is expected to lay hold off a significant share in market growth. The increasing demand from the automotive industry is expected to immensely stimulate market growth. The smartphone market attributes to the large consumption of semiconductors, which is, in turn, spurring the air bearings market growth. Being a global industrial manufacturing hub, China is expected to open new doors of opportunities for the aerostatic bearings market in the Asia Pacific.

Europe is expected to demonstrate significant growth during the forthcoming years. Major players like Bladon Jets, IBS precision Engineering, and Air Bearings Ltd. are expected to positively affect the market growth. Also, the increasing adoption by the industrial sector for aerostatic bearings is expected to thrive in the market.

The Rest of the World is expected to show considerable growth, mainly due to the increasing demand in South America and the Middle East & Africa.

Competitive Landscape-

New Product Developments by Eminent Companies to Benefit Several Industries

The aerostatic bearings market comprises several players at regional, country, and global levels. Rapid industrialization has led to the development of technologically advanced aerodynamic bearings that are expected to benefit several industries like aviation, medical, automotive, etc. For instance, NASA launched the CubeSat Program, which employed Plglide HB series spherical aerodynamic bearings for the launch of more than 50 CubeSats.


Information Source -

https://www.fortunebusinessinsights.com/air-bearings-market-104046