Liquid Waste Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Liquid Waste Management Market is segmented by Source (Residential, Commercial, and Industrial), Service (Collection, Transportation/Hauling, and Disposal/Recycling), End-user Industry (Automotive, Iron and Steel, Oil and Gas, Pharmaceutical, Textile, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for liquid waste management in revenue (USD million) for all the above segments.

Liquid Waste Management Industry Overview

Liquid Waste Management Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: North America
Largest Market: North America
CAGR: > 5 %

Major Players

Liquid Waste Management Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Liquid Waste Management Market Analysis

The liquid waste management market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

The market was negatively impacted due to the outbreak of the novel coronavirus in 2020. During the pandemic, petroleum refineries units had cut their production throughput as the demand for fuel decreased by about 30% to 40% globally during the lockdown. However, the demand for various pharmaceutical products increased during the pandemic, thereby enhancing the production of liquid wastes. Now the situation is coming on track and now the market is stable and growing steadily.

  • Over the short term, the increasing manufacturing activities that generate toxic chemicals may lead to growing liquid effluent management activities. The growth in the pharmaceutical and healthcare industry is also expected to drive the market's growth.
  • On the flip side, increasing technological challenges, and stringent waste processing regulations, is expected to hinder the market’s growth.
  • The North American region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period due to the enactment of stringent norms pertaining to the management of liquid waste and the presence of activities related to oil and gas production.

Liquid Waste Management Industry Segments

Liquid waste management is the procedure and practice to prevent the discharge of pollutants, toxic chemicals, and other hazardous liquid byproducts to water bodies or drainage systems. The liquid waste management market is segmented by source, service, end-user industry, and geography. By source, the market is segmented into residential, commercial, and industrial. By service, the market is segmented into collection, transportation/hauling, and disposal/recycling. By end-user industry, the market is segmented into automotive, iron and steel, oil and gas, pharmaceutical, textile, and other end-user industries. The report also covers the market size and forecasts for the liquid waste management market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

End-user Industry
Iron and Steel
Oil and Gas
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Liquid Waste Management Market Trends

This section covers the major market trends shaping the Liquid Waste Management Market according to our research experts:

Oil and Gas Segment to Dominate the Market

  • The oil and gas industry is among the most profitable industries. It meets all the energy demand across various industries, households, transportation, and other sectors. The oil and gas industry is facing environmental concerns, mainly with wastewater.
  • The industry has a high water consumption rate, as it generates a large amount of wastewater in various operations such as in hydrostatic testing water, which is consumed in the hydrostatic testing of pipelines to ensure pipeline safety and find any possible leaks. The process also includes the usage of chemical additives. Hence, hydro-test water should be treated before disposal into the sea or surface water.
  • Furthermore, in the oil and gas industry, water is employed in technologies like hydraulic fracturing. In this process, high-pressure water is used to open up the cracks or fractures into the tight formations of rocks, permitting petroleum gas and unrefined petroleum to stream to a well for recovery. The water used in the process often gets contaminated, and it needs to be treated for either disposing of or reuse.
  • According to the BP Statistical Review of World Energy 2021, the total proved reserves of oil in the world at the end of 2020 stood at 1732.4 thousand million barrels, with the Middle Eastern reserves accounting for 48.3% of the total share. China is increasing crude oil processing activities, which will be supported by following various upcoming refineries in the country.
  • For instance, PetroChina, a state-controlled refinery company, is planning to start its 400,000 barrels per day Jieyang refinery in South China's Guangdong province by the first half of 2022.​
  • In refineries, the water consumption rate is very high for distilling crude into various fractions, such as gasoline, diesel, jet fuel, and kerosene. Several wastewater streams are coming out of refineries, which typically include desalter water generated from washing raw crude before topping, sour water from steam stripping, and fractionating that comes in contact with crude, process water generated from product washing, regenerating catalyst, and dehydrogenation reactions.
  • According to the BP Statistical Review of World Energy 2020, the refinery throughput in the Asia-Pacific region accounted for a growth rate of about 2.2% in 2020 compared to the previous year.
  • India is planning to invest USD 100 billion by the end of 2024 in refining, pipeline, and gas terminals. Additionally, Indian Oil has set a budget of about USD 27.29 billion to expand its refineries and expand businesses over the next 5-7 years.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.
Liquid Waste Management Market, Revenue Share (%), By End-user Industry, Global, 2021

North America to Dominate the Market

  • North America represents the largest market, and it is also expected to be the fastest-growing market over the period due to the enactment of stringent norms and the presence of activities related to oil and gas production.
  • The United States Environmental Protection Agency (EPA) announced in January 2021 that 55 new projects in 20 states could apply for approximately USD 5.1 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans. This funding will be leveraged to finance more than USD 12 billion in clean and drinking water infrastructure projects across the United States. 
  • The number of operational oil and gas rigs in the United States totalled 610 in the last week of January 2022, according to Baker Hughes. ​Additionally, the United States crude oil production fell below 11.6 million b/d in December 2021, a decline of 0.2 million b/d from November 2021, according to the EIA. The EIA further predicted that production would rise to an average of 12.0 million b/d in 2022 and then an annual-average basis of 13.0 million b/d in 2023.
  • Furthermore, market growth is driven by the United States due to penetration in the residential, commercial, and industrial segments, driven by stringent environmental and disposal regulations in the country.
  • Some of the liquid waste produced from the automotive industry include used motor oil and used brake oil fluid. According to OICA, in 2021, around 13,427,869 vehicles were produced in the United States witnessing a decreasing growth rate of about 20%.
  • The liquid waste management market is very well regulated by agencies like the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH). Several laws, including Environmental Protection Act, 1993, mentioned guidelines to be carried out by companies, including undertaking Environmental Impact Assessment (EIA) and preparing Environmental Impact Statement (EIS).
  • Therefore, the aforementioned factors are expected to impact the market in the coming years significantly.
Liquid Waste Management Market- Growth Rate By Region, 2022-2027

Liquid Waste Management Market Competitor Analysis

The liquid waste management market is partially consolidated in nature, with a few major players dominating a significant portion of the market. Some major companies are SUEZ, Veolia, Clean Harbors Inc., Covanta Holding Corporation, and WM Intellectual Property Holdings LLC (not in any particular order).

Liquid Waste Management Market Top Players

  1. SUEZ

  2. Veolia

  3. Covanta Holding Corporation


  5. WM Intellectual Property Holdings LLC

*Disclaimer: Major Players sorted in no particular order

Liquid Waste Management Market Concentration

Liquid Waste Management Market Recent Developments

  • In January 2022, Veolia announced the completion of the sale of the new Suez to the Consortium of investors composed of Meridiam, GIP, CDC Group, and CNP Assurances.

Liquid Waste Management Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growth in the Pharmaceutical and Healthcare Industry

      2. 4.1.2 Increased Manufacturing Activities Containing Toxic Chemicals Leading to Growing Liquid Effluent Management

    2. 4.2 Restraints

      1. 4.2.1 Increasing Technological Challenges

      2. 4.2.2 Stringent Waste Processing Regulations

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Source

      1. 5.1.1 Residential

      2. 5.1.2 Commercial

      3. 5.1.3 Industrial

    2. 5.2 Service

      1. 5.2.1 Collection

      2. 5.2.2 Transportation/Hauling

      3. 5.2.3 Disposal/Recycling

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Iron and Steel

      3. 5.3.3 Oil and Gas

      4. 5.3.4 Pharmaceutical

      5. 5.3.5 Textile

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Clean Harbors Inc.

      2. 6.4.2 Cleanaway

      3. 6.4.3 Covanta Holding Corporation

      4. 6.4.4 Enva

      5. 6.4.5 GFL Environmental Inc.

      6. 6.4.6 Hulsey Environmental Services

      7. 6.4.7 Ovivo

      8. 6.4.8 REMONDIS SE & Co. KG

      9. 6.4.9 SUEZ

      10. 6.4.10 Veolia

      11. 6.4.11 WM Intellectual Property Holdings LLC

    5. *List Not Exhaustive

    1. 7.1 The Rising Water Crisis Globally is Creating New Opportunities for Liquid Waste Management

    2. 7.2 Increasing Focus on Treating Emerging Contaminates

**Subject to Availability
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Liquid Waste Management Market Research FAQs

The Liquid Waste Management Market is studied from 2018 - 2028.

The Liquid Waste Management Market is growing at a CAGR of >5% over the next 5 years.

North America is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

SUEZ, Veolia, Covanta Holding Corporation, CLEAN HARBORS INC., WM Intellectual Property Holdings LLC are the major companies operating in Liquid Waste Management Market.

Liquid Waste Management Industry Reports

In-depth industry statistics and market share insights of the Liquid Waste Management sector for 2020, 2021, and 2022. The Liquid Waste Management research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Liquid Waste Management report PDF.

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