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.
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"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.
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The South African Hazardous Waste Management Market / M3E7