Environmental Clean-up & Remediation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028, Segmented 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, Manufact
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEnvironmental Clean-up & Remediation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028, Segmented 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, Manufact
Global environmental clean-up & remediation market is anticipated to grow at a steady pace during the forecast period. Groundwater cleanup has increased as a result of the pollutants or poisons discovered there, which span a wide variety of physical, organic chemical, inorganic chemical, bacteriological, and radioactive factors. The aforementioned factors are projected to drive the growth of the global environmental clean-up & remediation market during the forecast period.
The elimination of pollutants or contamination from water and soil is known as environmental clean-up and remediation. To preserve human health and to restore the environment, these waste products and harmful compounds are removed. Water remediation involves both groundwater and surface water, whereas soil remediation only involves topsoil, subsoil, and sediments. Depending on the kind and degree of the contamination, soil and water clean-up may be done individually or jointly.
Adoption of Regulatory Frameworks
The main contributors to environmental degradation, including past issues with land and water pollution, are industrial activity's loosely regulated and unregulated emissions as well as the management and disposal of waste, especially hazardous industrial wastes. However, due to the maturity of industrial operations and regulatory frameworks, it is not anticipated that these problems will worsen significantly in the future across the majority of industrialized economies.
For instance, the major laws and regulations for controlling pollution in the United States will still be RCRA, CERCLA, and the Superfund Act. Regulations are evolving due to adjustments made to make actions simpler or due to new information about recently discovered and emerging toxins such as PFOAs. There will be a substantial need for remediation services in the country as a result of 1,300 abandoned metal mines that the Korean Ministry of Environment is investigating between 2014 and 2023. In addition to actions to clean up contaminated soil, asbestos, and coal mines, these investigations are being carried out. It is anticipated that limits will lead to an increase in the demand for remedial solutions.The need for rehabilitation of abandoned mines may rise in the coming years as the Korean public becomes more conscious of environmental and health concerns.
Establishment of Novel Remedial Methods
In recent years, dirty water or wastewater has been cleaned up successfully using new oxidation techniques that do not create sludge. Since it employs nanoparticles for cleanup, the bioremediation approach quickens the processes for locating and removing environmental pollution. For the detection of diverse environmental toxins, low-cost, user-friendly, and compact devices are made using nanomaterials and analytical techniques. They also offer a lot of opportunities for technology that purifies contaminated sediment, water, and soil. Canada is using sophisticated phytoremediation, a contemporary environmental method, to clean up polluted environments. The need for environmental clean-up and remediation is expected to rise as a result of the development of such technologies.
Growing Wastewater Treatment Plants will Drive Market Growth
In recent years, the global environmental clean-up & remediation market has experienced growth due to an increase in the construction of wastewater treatment plants and an increase in the demand for advanced tools or services for evaluating water quality. More than 16,000 water treatment facilities are already functioning in the nation, with an average capacity of 81%, according to the American Society of Civil Engineers (ASCE) Infrastructure Report Card, 2021. Additionally, estimates show that the nation already spent more than USD3 billion in 2019 on replacing and repairing nearly 4,700 miles of pipeline nationwide. The market for environmental clean-up & remediation in the Globally is expected to benefit from such activities.
Growing Environmental Awareness Will Aid Growth
The growing awareness among people and the increasing adoption of government measures regarding the significance of maintaining cleanliness are important drivers of the global environment clean-up & remediation market. One of the main factors predicted to increase the demand for environmental clean-up and remediation activities during the forecast period is growing awareness among people, private institutions, and industries about minimizing environmental impact by reducing air, water, and soil pollution. The general public believes that environmental regulations may reduce pollution. There is a positive relationship between environmental regulation and environmental governance satisfaction. However, as public awareness of the environment has grown, so has the demand for environmental quality. The satisfaction with environmental governance is adversely impacted by the favorable association between environmental regulation and governance. Therefore, public involvement helps to broaden the evaluation perspective of policy effect and improves the credibility of environmental regulation effect when assessing the policy effect of government environmental regulation. The public's assessment of environmental governance and meantime encourages citizens to call on the government to reduce environmental pollution and support the realization of ecological benefits for the people. In response to increasing awareness, businesses and industries have evaluated how their operations influence the environment and, in many cases, have provided greener products and used greener procedures. The environmental performance of products and processes has raised significant concerns, prompting numerous businesses to look at ways to lessen or eliminate their environmental effects. To improve their environmental performance, many businesses have discovered that it is beneficial to look at methods of going beyond compliance employing pollution avoidance techniques and environmental management systems. Life cycle assessment, a method that takes into account a product's complete life cycle, is a useful tool for this activity.
Increasing Pollution from the Industrial Sector
The United States, which has the largest economy on earth, is the global center of the industrial revolution. The majority of the global corporate and industrial heavyweights have their headquarters in this nation. However, such prosperity also has its share of drawbacks. The primary source of environmental pollution is the industrial sector, which includes factories and manufacturing facilities. It has been determined by research carried out by the Environmental Protection Agency (EPA) of the United States that industrial pollution makes up about 50% of the total pollution produced in the nation. Thus, the global environmental clean-up & remediation market is significantly influenced by the rising pollution caused by the industrial sector.
Rising Demand for Customized Environmental Testing and Remediation Services
The growing need for tailored solutions for environmental testing and remediation is one of the major trends in the global environmental clean-up & remediation market. The market is expected to experience growth as a result of the rising demand for specialized environmental testing and remediation services since these services are flexible, quick, cost-effective, and customized to meet the needs of clients.
Recent Development
- In August 2021, employee-owned design company
HDR Inc. acquired WRECO, a leader in environmental compliance, civil
engineering, water resources planning, and geotechnical engineering. HDR
Inc. specializes in engineering, architecture, environmental, and
construction services.
Market Segmentation
The global environmental clean-up & remediation market is segmented into medium, types, and application. Based on medium, the market is divided into soil, surface water, and ground water. Based on type, the market is segmented into bioremediation, pump & treat, in situ vitrification, thermal treatment, chemical treatment, excavation, soil washing, and others. Based on application, the market is divided into waste disposal sites, oil & gas, mining, chemical & petrochemical, manufacturing, agriculture, construction, and others. Based on region, the market is segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.
Market Players
Major market players in the global environmental clean-up & remediation market are 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., and Tarmac International, Inc.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2022 |
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Estimated Year |
2023 |
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Forecast Period |
2023 – 2028 |
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Quantitative Units |
Revenue in USD Million, and CAGR for
2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, company share, growth factors, and trends |
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Segments covered |
Medium Type Application Region |
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Regional scope |
North America, Asia-Pacific, Europe, South America, Middle East &
Africa |
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Country scope |
United States, Canada, Mexico, China,
India, Japan, South Korea, Indonesia, Germany, United Kingdom, France, Russia,
Spain, Brazil, Argentina, Saudi Arabia, South Africa, UAE, Israel |
|
Key companies profiled |
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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Customization scope |
10% free report customization with
purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore
purchase options |
|
Delivery Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
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