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Environmental inspectors have been pressuring waste generating companies to improve their environmental impact management programmes, opening up opportunities for waste management companies.
New analysis from Frost & Sullivan (environmental.frost.com), The South African Hazardous Waste Management Market, finds that the market reached a peak growth rate of 14.5 per cent in 2008; however, due to the economic slowdown, growth in this market is expected to decline to around 11.0 per cent in 2009.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.
"The recent tightening of environmental legislation by environmental inspectors has been a major driver for the rapid increase in volumes of hazardous waste emanating from various industries," says Frost & Sullivan Research Analyst Derrick Chikanga. "Environmental inspectors have been pressuring industries to treat, dispose, and rehabilitate several historical stockpiles."
Previously, a mere 4.8 per cent of the total hazardous waste material generated in South Africa found its way to hazardous landfill sites. However, in 2008, some of the major hazardous waste management companies received record tonnages, with some treating and disposing of 58.0 per cent more hazardous waste than in 2007.
"The mining sector generates approximately 90 per cent of all hazardous waste material found in South Africa," explains Chikanga. "However, the economic slowdown has had an adverse effect on this industry due to depreciation in commodity prices amidst a shrinking global demand for commodities."
The power generation industry is becoming a greater source of waste material as Eskom Holdings, South Africa's power utility, has embarked on an expansion drive to increase generation capacity. During this process, large volumes of hazardous waste material are likely to be generated from scrubbed-off gases.
The market segments covered in this research are mining, power generation and industrial and metals finishing. The technologies covered are biological treatment equipment, physico-chemical treatment equipment and thermal treatment equipment.
The South African Hazardous Waste Management Market is part of the Environmental Growth Partnership Services programme, which also includes research in the following markets: South African Solid Waste Management Market, Southern African Waste Management Market, and South African Waste-to-Energy Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan', the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.
The South African Hazardous Waste Management Market / M3E7
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