Global Textile Industry Waste Management Market 2017-2021
About Textile Industry Waste Management
The textile industry consumes huge quantities of water and produces substantial amounts of wastewater. The textile industry is important for many countries in terms of trade, GDP, and employment rates. The industry provides opportunities to low-income countries for export diversification and expansion of manufactured exports by exploiting their labor cost advantages and meeting the buyer's demands. The rising demand for cheaper textiles and clothing in Western Europe is well documented along with the change in the textiles and clothing industry’s globalized production structure. Textile and clothing production is a major source of revenue for many developing and emerging economies, like Cambodia and Bangladesh.
Technavio’s analysts forecast the global textile industry waste management market to grow at a CAGR of 10.57% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global textile industry waste management market for 2017-2021. To calculate the market size, the report includes new installations of wastewater treatment and water purification equipment and excludes aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Textile Industry Waste Management Market 2017-2021
Technavio recognizes the following companies as the key players in the global textile industry waste management market: ChemTreat, General Electric, Lenntech, Pall Corporation, and Veolia.
Other Prominent Vendors in the market are: A3 Water Solutions, Aquatech, Aries Chemical, Beckart Environmental, Ecosphere Technologies, Evoqua Water Technologies, Huber Technology, Netsol Water Solutions, Primozone, RWL Water, and WTE Infra Projects.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rising patent filings. The global textile industry waste management market is witnessing increased expenditure by vendors on R&D activities, leading to product innovation and increased safety. In addition, the vendors in the market are working to reduce the cost of upgrades and maintenance.”
According to the report, one driver in market is improvements in membrane technology. Membrane technology plays a vital role in wastewater treatment. Some technologies like wastewater treatment using membrane reactors and desalination by RO are already being implemented in industries on a large scale. In addition to addressing the issue of water scarcity, membrane technologies meet the sustainability criteria like the environmental impact, ease of use, land use, adaptability, and flexibility. However, there is still scope for improvement in terms of affordability and cost, energy consumption, and expertise.
Further, the report states that one challenges in market is economic slowdown in China. In 2015, devaluation of China’s currency, the renminbi, had a huge impact on the country’s textile sector. Owing to the devaluation of China’s currency, the country's textile sector could sell high-quality textiles at lower rates to the Indian market. The recent financial crisis taking place in China is likely to impact the global market, leading to a reduction in demand for textile machinery and textile industry waste management equipment. The country primarily imports capital and intermediate goods or raw materials from its neighboring countries and exports finished goods to final destinations with respect to demand.
ChemTreat, General Electric, Lenntech, Pall Corporation, Veolia, A3 Water Solutions, Aquatech, Aries Chemical, Beckart Environmental, Ecosphere Technologies, Evoqua Water Technologies, Huber Technology, Netsol Water Solutions, Primozone, RWL Water, and WTE Infra Projects.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook