Textile waste market is characterized by many well-diversified players competing intensely with one another. Global players increase their footprint in the market with their huge infrastructure and R&D support, and regional vendors are mainly restricted to developing economies. The global textile industry waste management market is projected to grow at a CAGR of around 11 per cent from 2017 to 2021. The competitive environment in the market is likely to intensify further over the forecast period due to an increase in product/service extensions, technological innovations, and mergers and acquisitions.
These are top vendors in the global textile industry waste management market. For example, ChemTreat is an industrial water treatment company with a line of over 1,200 products. The company provides the direction in new product formulations and the development of R&D projects, as well as training materials for the sales force.
Similarly, General Electric develops water, water recycling and reuse, wastewater treatment, and process solutions. The company provides water treatment, wastewater treatment, and process systems solutions. And Lenntech provides water treatment solutions for all applications.