United States Environment Clean Up & Remediation Market to Surpass 31.82 Billion by 2026
Growing
investments in the field of remediation services, stringent and transparent
regulatory frameworks to drive the United States environment clean up and
remediation market through 2026.
According
to TechSci Research report, “United
States Environment Clean Up & Remediation Market By Medium (Soil,
Surface Water & Ground Water), By Type (Bioremediation, Pump & Treat,
In Situ Vitrification, Thermal Treatment, Chemical Treatment, Excavation, Soil
Washing, Others), By Application (Waste Disposal Sites, Oil & Gas, Mining,
Chemical & Petrochemical, Manufacturing, Agriculture, Construction, Others),
By Region, Forecast & Opportunities, 2026”, United States Environment
Clean Up & Remediation Market is expected to witness a significant growth
rate of 7.08% CAGR during 2021-2026. Growing focus of remediation companies on
land and water on account of increasing industrial waste, in addition to
stringent regulatory norms, is expected to drive the United States Environment
Clean Up & Remediation Market in the coming years. Increasing competition
and growing number of pipeline leakages and incidents are some of the other key
factors that would fuel the market over the next five years. Environment clean
up & remediation is the removal of pollution or contaminants from water and
soil. These waste products / toxic substances are removed for the protection of
human health, as well as to restore the environment. Ecological remediation is
completed on different natural media, including soil, sediment, groundwater,
and surface water.
The
United States Environment Clean Up & Remediation Market is
segmented based on medium, type, application, region and company. On the basis
of medium, the market can be segmented into soil, surface
water & ground water. Soil remediation alludes to procedures that are
utilized to clean and revive the soil. Soil pollution is brought about by
numerous factors that cause groundwater contamination. Regularly, the soil and
groundwater are contaminated from a similar source and both should be
remediated simultaneously. Soil contamination can result from industrial
activity, chemical spills, and the utilization of specific fertilizers and
pesticides. Among all, the ground
water segment is
anticipated to dominate the market during the forecast period due to increasing
waste disposal in water bodies and landfills. Due to the porous nature of the
soil the contaminants percolates into the ground contaminating soil and
groundwater both. Most of the population in united states depends on ground
water as a source of drinking water and agriculture. Hence the increase in
contamination in the ground water is expected to propel the demand for
environment clean up and remediation services in the United States.
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Based on type, the market can be
segmented into bioremediation, pump & treat, in situ vitrification, thermal
treatment, chemical treatment, excavation, soil washing & others. The
in-situ vitrification has the largest share among all other segments. The disposal of waste into the landfills
have led to increase in in-situ vitrification which is a technology to destroy
contaminants from the soil with use of electricity and without creating
pollution. The ability to treat mixed wastes, including soils with buried trash
or drums, dewatered sludge, mine tailings, or sediments makes in-situ
vitrification segment to dominate over other remediation types.
Based on the application,
the market can be segmented into waste disposal sites, oil & gas, mining, chemical
& petrochemical, manufacturing, agriculture, construction, others. The
waste disposal sites segment held the largest market share in 2020 followed by
chemical & petrochemical segment. Waste disposal sites includes bottles and
corrugated boxes, food, grass clippings, sofas, computers, tires and
refrigerators. According to the United States Environmental Protection Agency the
total generation of municipal solid waste (MSW) in 2018 was 292.4 million tons
or 4.9 pounds per person per day. The rise in population will increase the
amount of waste in waste disposal sites which will further lead to the growth
of United States Environment Clean Up & Remediation Market. On the basis of
region, the Western region held the largest share in United States Environment
Clean Up & Remediation Market in 2020 and is expected to maintain the
market dominance during the forecast period as well.
Bechtel Corporation, Clean
Harbors Inc., Golder Associates Inc., BRISEA Group, Inc., Veolia North America,
Terra Systems, Inc., ENTACT LLC, SUEZ North America Inc.,
Heritage Environmental Services, LLC, US Ecology, Inc. are some of the leading players operating in the United States
Environment Clean Up & Remediation Market. The companies operating in the
market are using strategies such as mergers and collaborations to boost their market
share in the United States Environment Clean Up & Remediation Market. Leading
players are focusing on expanding their service portfolios to maintain
sustainable growth in the market.
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“United States is expected to witness
growth in the Environment Clean Up & Remediation Market during the forecast
period, owing to the constant push from the government in terms of stringent and environment
friendly policy formulation and implementation.
Increasing demand from agriculture, chemical, oil & gas and
manufacturing industries for waste management and environmental remediation is
going to propel the market growth. Additionally,
presence of major players operating in the market in the country is expected to
create lucrative opportunities for the market growth.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United
States Environment Clean Up & Remediation Market By Medium (Soil, Surface
Water & Ground Water), By Type (Bioremediation, Pump & Treat, In Situ
Vitrification, Thermal Treatment, Chemical Treatment, Excavation, Soil Washing,
Others), By Application (Waste Disposal Sites, Oil & Gas, Mining, Chemical
& Petrochemical, Manufacturing, Agriculture, Construction, Others), By
Region, Forecast & Opportunities, 2026”, has evaluated
the future growth potential of United States Environment Clean Up &
Remediation Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the United States
Environment Clean Up & Remediation Market.
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