The Environmental Remediation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Environmental Remediation, The environmental remediation market size has grown strongly in recent years. It will grow from $108.27 billion in 2023 to $116.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to industrial activities impact, government regulations, awareness and public pressure, brownfield redevelopment, mining and resource extraction.
The environmental remediation market size is expected to see strong growth in the next few years. It will grow to $156.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to climate change adaptation, urbanization challenges, green building practices, ecosystem restoration, renewable energy development, phytoremediation research.. Major trends in the forecast period include advancements in water remediation technologies, integration of sustainable and green technologies, public-private partnerships in remediation projects, remote sensing and monitoring technologies, artificial intelligence (ai) in data analysis..
The rapid growth of industrialization is expected to propel the growth of the environmental remediation market going forward. Industrialization is the process of shifting a country’s or region’s economy away from agriculture and towards manufacturing. Increasing industrialization eventually produces several environmental concerns as more gaseous pollutants are emitted into the atmosphere and large volumes of municipal sewage sludge are produced. The rise of industrial effluent discharge has also favored the demand for environmental remediation. For instance, according to a statistical report published in August 2022 by Eurostat, a Luxembourg-based publisher of statistics for the European Union, in 2021, the EU’s industrial production increased by 8% over the previous year, 2020. Furthermore, in 2021, the value of sales for industrial production in the European Union was $5429.08 billion (€5 209 billion), up by nearly 14% from $477.45 billion (€4 581 billion) in 2020. Therefore, the rapid growth in industrialization will drive demand for the environmental remediation market.
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The environmental remediation market covered in this report is segmented –
1) By Environment Medium: Soil, Groundwater
2) By Site Type: Private, Public
3) By Technology: Air Sparging, Soil Washing, Chemical Treatment, Bio Remediation, Electrokinetic Remediation, Excavation, Permeable Reactive Barriers, In-situ Grouting, Phytoremediation, Pump and Treat,
4) By Application: Mining and Forestry, Automotive, Oil and Gas, Agriculture, Manufacturing, Industrial, and Chemical Processing, Other Applications
Top Major Players
Golder Associates
Clean Harbors Inc.
Brisea Group Inc.
Entact LLC
Terra Systems
Technological advancements have emerged as key trends gaining popularity in the environmental remediation market. Major players operating in the market are developing products with advanced technologies to sustain their position in the environmental remediation market. For instance, in March 2021, AECOM, a US-based infrastructure consulting firm, launched DE-FLUORO. It is a cost-effective and environmentally friendly treatment technology that removes per and polyfluoroalkyl substances (PFAS) from contaminated liquids without producing hazardous waste. DE-FLUORO provides a comprehensive PFAS destruction solution using electrodes and electrochemical oxidation.
The environmental remediation market report table of contents includes:
1. Executive Summary
2. Environmental Remediation Market Characteristics
3. Environmental Remediation Market Trends And Strategies
4. Environmental Remediation Market – Macro Economic Scenario
5. Global Environmental Remediation Market Size and Growth
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31. Global Environmental Remediation Market Competitive Benchmarking
32. Global Environmental Remediation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Environmental Remediation Market
34. Environmental Remediation Market Future Outlook and Potential Analysis
35. Appendix
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