Global Textile Industry Waste Management Market is anticipated to hit $ 3 Billion by 2024
According to Goldstein Research, “Global textile industry waste management market is driven by an improved structure of membrane technologies so that less amount of wastes are discharged from the textile industries.” Membrane is the solution which is used as a partition for different textiles process such as removing color from clothes etc, reduction in salt, for the recovery of latex.
Global textile industry waste management market segment on the basis of types of wastes i.e. solid waste, water waste and gaseous waste. Among these segments, water waste management is dominating the market owing to fact that the textile industries figured by combining large quantity of chemicals with huge amount of water. Global textiles industry waste management market accounted USD 1.5 billion in 2016 and is predicted to hit USD 3.00 billion by 2024, growing at a CAGR of approximately 11.5% during the forecast period (2016-2024).
Advancement in management of waste: Innovations
Certain advancement has been made for managing waste generated through textiles industries. There are several key players who think that by extending the life of clothes for 9 to 10 months which are used repeatedly, the amount of carbon, water and waste substance will reduce by 10%.
Notwithstanding the fact that, the lack of technical experts and lack of resources are restraining the growth of global textile industry waste management market. Moreover, need of large infrastructure spending to manage the textile industry waste is also a major reason behind the slow adoption rate of waste management solutions in developing nations.
“Global Textile Industry Waste Management Market Outlook 2024” contains detailed overview of the global textile industry waste management market in terms of market segmentation by waste type, by solution type, by application type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Textile Industry Waste Management Market Report also includes provides competitive outlook of some of the major players which includes profiling of companies of A3 water solutions, ChemTreat, General Electric, Lenntech, Pall Corporation, Veolia, Aquatech, Aries Chemical, Beckart Environmental, Ecosphere technologies, Evoqua Water Technologies, Huber Technology, Netsol Water Solutions, Primozon, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global textile industry waste management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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