Integrated Waste Management for Offshore Industry Market Trends and Forecast 2014 - 2020

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Integrated Waste Management for Offshore
Industry Market - Global Industry
Analysis, Market Size, Share, Growth,
Trends and Forecast 2014 - 2020
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REPORT DESCRIPTION
A new market research report by Transparency Market Research, titled “Integrated Waste Management for Offshore
Industry Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020,” provides a
detailed analysis of the integrated waste management for offshore industry market. This market has been
evaluated on the basis of technological advancement, current position, upcoming prospects, key regions, and
numerous other factors.
The report presents an in-depth study of the present trends within the market, the major drivers, and the inhibitors
impacting the growth of the market. The study also comprises a review of the macro and micro factors useful for the
already established players as well as the upcoming players looking to penetrate in the market. The report provides
a six-year forecast analysis and also helps in understanding the performance of the major product segments, along
with their future prospects. An extensive evaluation of the shifting competitive dynamics within the integrated waste
management market also forms an important part of this study.
According to the report, the strict regulations posed by governments across various nations and numerous
technological advancements are amongst the chief factors driving the growth of the market for integrated waste
management in the offshore industry. In addition, the report states that the increasing activities of offshore oil and
gas exploration have also augmented the growth of the market. The rising offshore oil and gas operations within
West Africa and Latin America are a prime opportunity in the integrated waste management market for the offshore
industries within these regions.
On the other hand, the soaring costs involved in the maintenance and installation of integrated waste management
systems are the chief factor inhibiting the growth of the market, as per this research study.
In terms of geography, the report segments the market into Europe, North America, Asia Pacific, and Rest of the
World (RoW). The report states that the regional segmentation of the market for integrated waste management for
the offshore industry is examined in terms of key offshore exploration areas. The prime regions in the market include
Mexico and the U.S. The offshore operations within the Gulf of Mexico (GoM) are amongst the prime drivers for the
growth of the integrated waste management market within Mexico and the U.S.
On the other hand, the strict regulations posed by several governments in Europe on the disposal of drilling fluids
are amongst the prime factors resulting in the adoption of waste management services within Europe. In the region
of Asia Pacific, China and Indonesia are the prime markets for integrated waste management.
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The rapidly increasing volume of solid and hazardous waste resulting from persistent economic growth, industrialization, and urbanization has emerged as a burgeoning problem demanding effective solutions from both national and local governments. Sustainable waste management solutions are therefore considered imperative to ensure the well-being of the population. Integrated waste management is a systematic approach designed to manage industrial, community, and institutional waste streams. Integrated waste management (IWM) includes developing systems to ensure resource recovery, positioning of facilities, and implementation of policies and practices aimed at waste reduction. Emerging nations in particular are faced with an uphill challenge of properly managing waste. These nations are mainly focusing their efforts on generating sufficient funds for waste management. Experts suggest that if the majority of waste generated in these countries is diverted for resource and material recovery, a substantial reduction in final volumes of waste seems possible. Furthermore, recovered materials could be used for generating revenue to fund their waste management endeavors.