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Tailored Solutions and Additional Services Key to Driving Growth in the Industrial Waste Management Services Markets in Malaysia, Singapore and the Ph
Friday November 2 1:00 AM
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 djeremiah@frost.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.
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
Industrial Waste Management Services Markets in Malaysia, Singapore and the Philippines
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Contact:
Frost & Sullivan Corporate Communications - North America Johanna Haynes, 210-247-3870 fax: 210-348-1003 johanna.haynes@frost.com or Corporate Communications - Southeast Asia Donna Jeremiah, +603 6304 5832 fax: +603 6201 7402 djeremiah@frost.com or Corporate Communications - Europe Chiara Carella, +44 (0) 20 7343 8314 chiara.carella@frost.com or Corporate Communications - South Asia Ravinder Kaur, +91 44 42044760 fax: +91 44 24314264 ravinder.kaur@frost.com or Corporate Communications - Middle East Shwetha Thomas, +91 22 4001 3429 fax: +91 22 2832 4713 sthomas@frost.com or Corporate Communications - Latin America Jose Maria Jantus, +54-11-4777-9951 fax: +54-11-4777-0071 jose.jantus@frost.com or Corporate Communications - China Amelia Wong, +86 21 5407 5783, ext. 8669 cell: +86 13621724823 amelia.wong@frost.com or Corporate Communications - Australia & New Zealand Sharmin Jassal, +61 2 8247 8900 fax: +61 2 9252 8066 sharmin.jassal@frost.com or Corporate Communications - Africa Patrick Cairns, +27 21 680 3274 fax: +27 21 680 3296 patrick.cairns@frost.com http://www.frost.com
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