November 3, 2007
Industrial Waste Management Services Markets in Se Asia
Heightened demand for efficient waste management services is a major driver in the growth of the industrial waste management services markets in Malaysia, Singapore and the Philippines. However, issues related to profitability and existing onsite waste management solutions in industries are dampening growth. Developing an understanding of customer needs and the particular dynamics of local markets, while offering customised solutions and enhanced services, will help companies gain the competitive edge.
New analysis from Frost & Sullivan (http:/ www.environmental.frost.com), Industrial Waste Management Services Markets in Malaysia, Singapore and the Philippines, finds that the market earned revenues of $254.9 million in 2006 and estimates this to reach $377.6 million in 2013.
"The demand for efficient waste management solutions is rising in conjunction with increasing waste volumes, boosting market growth," says Frost & Sullivan Research Analyst Swathy Rajasekaran. "Legislative emphasis and environmental lobbies are supporting promising growth in offshoot markets such as waste recycling even as industrial growth coupled with rising population in these countries is leading to waste disposal becoming an impending crisis, making proper waste management an imperative."
Waste management services are, generally, non-profitable ventures due to the high degree of price sensitivity in these markets. It is, thus, up to market participants to make strategic decisions whether to continue to operate in those sectors of the market where margins are low. Moreover, companies have to be adequately equipped to handle different types of waste. Profitability and catering to diverse end users, therefore, are posing a challenge to companies in this price-sensitive market.
At the same time, the market for industrial waste management services in Malaysia, Singapore, and the Philippines is becoming increasingly competitive, especially as a result of factors such as market consolidation, price erosion, inconsistencies in demand, and the need for suppliers to broaden their horizons.
This is mainly due to the changing demands of the marketplace and a mounting need for environment-friendly solutions to waste problems. Integrated waste management is expected to drive the markets in the long term.
"Companies providing industrial waste management services have to be adequately equipped to handle different types of waste," advises Rajasekaran. "Waste management companies that offer customised solutions based on the type of industrial waste as well as additional services in terms of waste recovery will widen their market base."
Industrial Waste Management Services Markets in Malaysia, Singapore and the Philippines is part of the Environmental Growth Partnership Service programme, which also includes research in the following markets: air pollution monitoring markets and water and wastewater treatment markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Industrial Waste Management Services Markets in Malaysia, Singapore and the Philippines, then send an e-mail to Donna Jeremiah, Corporate Communications, at email@example.com, with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
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