Analysis of the Development of Industrial Symbiosis in Emerging and Frontier Market Countries: Barriers and Drivers

Abstract

Industrial symbiosis (IS) allows the use of the resources of a productive chain, based on collaboration between companies, finding ways to use the waste of one as inputs or raw materials for the other entity. IS seeks to generate environmental sustainability, maximize resources, and generate social, environmental, and economic benefits based on the physical exchanges of waste, residues, and materials, which generate various advantages for companies and environmental benefits for society. Over the years, research has been conducted worldwide on the implementation of IS in business settings and case studies related to IS in countries with strong economies; however, no papers mapping studies on IS that are focused on emerging and frontier market countries have been identified, and academic literature on research in these countries is also scarce. In this research, an in-depth review of the literature on IS cases in emerging and frontier market countries was conducted to provide future researchers with information on the similarities, weaknesses, strengths, and elements to consider in addressing the topic and closing research gaps in the area. In addition, a mapping was made of the evolution of studies on IS according to country, economic activity, distribution by journal, year of publication, methods used, barriers and drivers in the case studies, and the importance of this topic in the current academic context. In Asian and developing countries, the integration of companies and economic activities takes place in industrial parks, and they have legislation and government regulations that support IS. On the other hand, in the United States and Africa, integrating various sources such as energy, water, coal, and waste in industrial environments is at an early stage of development, and opportunities are being identified to promote IS between companies. This research interests a broad audience, including investors, regulators, policymakers, and researchers interested in fostering IS in emerging and frontier market countries as a mechanism for industrial and economic development.