Gaseous Waste Management Market: Overview
Waste management is one of the vital challenges facing the modern world. The U.S. Environment Protection Agency considers gaseous waste as hazardous waste for human life. Gaseous waste is released in the atmosphere due to the increase in number of vehicles, factories, and industries. Gaseous waste contains harmful gases such as carbon dioxide, carbon monoxide, sulfur dioxide, nitrous oxide, methane, and greenhouse gases such as chlorofluorocarbon (CFC).
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Gaseous Waste Management Market: Key Segments
The gaseous waste management market can be segmented based on type, process, and region. In terms of type, the gaseous waste management market can be classified into particulate matter and gaseous pollutants. Gaseous waste management can be segmented into settling chamber, filters, electrostatic method, absorption, and adsorption. Settling chambers help collate dust articles from gaseous waste. Filters are used to separate solid particles from the gas. Electrostatic method uses electrostatic forces to move solid particles. Waste gas is allowed to undergo high voltage discharge. Absorption uses scrubbers to eliminate aerosols. It also helps in transferring carbon dioxide into liquid form. Under the adsorption process, gases, vapors, and liquids are collected on a solid surface to eliminate waste.
Gaseous Waste Management Market: Drivers & Restraints
The gaseous waste management market presents several opportunities to companies operating in the market. Technological advancements are helping lower service costs of gaseous waste management. Large scale plantation or afforestation can be undertaken to reduce carbon dioxide and increase oxygen in the air. However, the gaseous waste management market also faces some restraints. Rise in industrial activities and illegal release of harmful gaseous into the environment are some of the restraints of the gaseous waste management market.
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Gaseous Waste Management Market: Regional Outlook
In terms of geography, North America is a dominant region of the global gaseous waste management market. This can be ascribed to the increase in oil and gas activities in offshore regions of the U.S. New discovery of shale gas in North Dakota has boosted the demand for gaseous waste management in North America. Growth in industrial and commercial activities has resulted in an increase in release of harmful gases into the environment. Led by the implementation of government legislations, the gaseous waste management market has been expanding in countries in Asia Pacific such as India, China, and Japan. In Europe, the gaseous waste management market is expected to expand in countries such as the U.K., Germany, France, and Norway due to the enactment of environmental norms set by the European Union. Countries in Latin America such as Brazil and Mexico are anticipated to witness an increase in demand for gaseous waste management due to the rapid urbanization and rise in government initiatives to curb pollution. Demand for gaseous waste management in Middle East & Africa is also likely to rise due to the increase in number of offshore oil and gas exploration and production activities. Furthermore, drilling and production of oil and gas has increased in Saudi Arabia, Kuwait, and Qatar owing to the rise in global demand for energy. Deep-water discoveries of oil & gas in Africa are anticipated to propel the gaseous waste management market during the forecast period.
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Gaseous Waste Management Market: Key Playerss
Key players operating in the global gaseous waste management market include Enviroserv Waste Management (Pty) Ltd, Veolia, Waste Management Inc., Alfa Laval, China Industrial Waste, Befesa, and Ramky Enviro.
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