Environmental Clean-up & Remediation Market is expected to grow at a high CAGR during the forecast period
Global environmental clean-up &
remediation market will grow during the forecast period due to increasing
pollution from the industrial sector and growing environmental awareness.
According to TechSci Research report, Environmental
Clean-up & Remediation Market - Global Industry Size, Share,
Trends, By Region, Competition, Opportunity, and Forecast, 2028, the
global environmental clean-up & remediation market is likely to be driven
by factors, including increasing focus of remediation companies on land and
water as a result of rising industrial waste as well as strict regulatory
standards. An increase in pipeline leaks and accidents, as well as increased
competition, will be other key factors influencing the business during the next
five years. Environmental clean-up and remediation are the process of removing
contaminants from water and soil. These waste materials or dangerous chemicals
are eliminated to protect human health and to restore the ecosystem. Ecological
restoration is applied to many natural media, such as soil, sediment,
groundwater, and surface water. Therefore, brownfield properties are either
redeveloped or returned to their original state using remediation. In addition,
cleaning up areas where hazardous materials have previously been disposed of
presents a unique challenge.
Browse over XX market data Figures spread through
110 Pages and an in-depth TOC on the “Global Environmental Clean-up and Remediation Market."
The global environmental clean-up & remediation
market is segmented into medium, type, and application. Based on medium, the
market is divided into soil, surface water, and ground water. Soil will be the
largest segment during the forecast period. Untreated soil contamination poses
numerous concerns when it comes to direct touch, ingestion (eating or
drinking), and when it enters the food supply chain, thereby driving market growth.
Based on type, the market is segmented into
bioremediation, pump & treat, in situ vitrification, thermal treatment,
chemical treatment, excavation, soil washing, and others. The in situ
vitrification segment has the largest share among all other segments. The usage
of in situ vitrification, a method to remove toxins from the soil with the use
of electricity and without causing pollution, has increased as a result of the
increased dumping of garbage into landfills. Due to its ability to remediate
mixed wastes, such as soils containing buried garbage or drums, dewatered
sludge, mining tailings, or sediments, the in situ vitrification sector
dominates other remediation methods.
Based on application, the market is divided into
waste disposal sites, oil & gas, mining, chemical & petrochemical,
manufacturing, agriculture, construction, and others. The market share leader
was the section for waste disposal facilities, followed by the chemical and
petrochemical industry. To be disposed of at waste disposal facilities include
containers and corrugated boxes, food, grass cuttings, couches, laptops, tyres,
and refrigerators. According to the US Environmental Protection Agency, the
amount of municipal solid waste (MSW) produced in 2018 was 292.4 million
tonnes, or 4.9 pounds per person each day. As the population grows, there will
be a higher need for environmental clean-up and remediation services in the US
since waste disposal facilities will have to deal with more garbage.
Based on region, the market is segmented into North
America, Asia-Pacific, Europe, South America, and Middle East & Africa.
Major market players in the global environmental
clean-up & remediation market:
- Bristol Industries, LLC.
- BRISEA Group, Inc.
- CLEAN HARBORS INC.
- Engineering and Maintenance Solutions
- Graham Construction & Engineering Inc.
- HDR, Inc.
- In-Situ Oxidative Technologies, Inc.
- QED ENVIRONMENTAL SYSTEMS LTD
- Sequoia Environmental Remediation Inc.
- Tarmac International, Inc.
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"The global environmental clean-up &
remediation market is expected to experience growth during the projected period
due to the government's continued push for rigorous and environment-friendly
policy creation and execution. The market will expand as a result of the
expanding demand from the manufacturing, chemical, oil & gas, and
industrial industries for waste management and environmental remediation. It is
also projected that established market leaders will create lucrative
opportunities for industry growth. Additionally, the market growth is boosted
by factors such as strict regulatory standards for environmental cleanup,
rising pollution from the industrial sector, and rising environmental
awareness,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
Global Environmental Clean-up & Remediation
Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028 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 and Competition has evaluated
the future growth potential of the global environmental 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 global environmental
clean-up & remediation market.
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