Environmental Remediation Market (Environmental Medium - Soil, and Ground Water; Technology - Air Sparging, Soil Washing, Chemical Treatment, Bioremediation, Electrokinetic Remediation, Excavation, Permeable Reactive Barriers, In Situ Grouting, Phytoremediation, Pump and Treat, Soil Vapor Extraction, In Situ Vitrification, Thermal Treatment, and Others; Application - Mining and Forestry, Oil and Gas, Agriculture, Automotive, Landfills and Waste Disposal Sites, Manufacturing, Industrial, and Chemical Production/ Processing, Construction and Land Development, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on environmental remediation market provides in-depth analysis of segments and sub-segments in the global as well as regional environmental remediation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional environmental remediation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global environmental remediation market. According to the report, the global environmental remediation market was approximately worth USD 100 billion in 2021 and is expected to be USD 168 billion by 2027, growing with a CAGR of 9.05% over the forecast period of 2021-2027.

Market Insight

Environmental remediation is the removal of pollution from water and soil. These waste products or toxic substances are removed for the protection of human health, as well as to restore the environment. Remediation projects usually begin with a site assessment to determine the costs of the project, as well as the technology that would be appropriate for the particular site. However, the EPA has reduced or paused on-site construction work, due to the pandemic. For example, Massachusetts issued remediation-related guidance, there are no exceptions to requirements regarding hazardous substance release notification, but providing flexibility to the extent that active remediation systems cannot be safely operated under pandemic-related constraints.

 Increasing government initiatives for environmental protection is driving the growth of the environmental remediation market. A number of programs, tools, and incentives are available to help businesses, communities, governments, and individuals serve as good environmental stewards, make sustainable choices, and effectively manage resources. For instance, the U.S. Environmental Protection Agency (EPA or “the Agency”) as part of its mission to protect human health and the environment is dedicated to developing and promoting innovative cleanup strategies that restore contaminated sites to productive use, reduce associated costs, and promote environmental stewardship. EPA’s regulatory programs and initiatives actively support site remediation and revitalization that result in beneficial reuse such as commercial operations, industrial facilities, housing, greenspace, and renewable energy development. Furthermore, the growing focus on the development of environment-friendly industries and industrialization in developing countries provides a growing demand for the market. However, the high cost of excavation equipment is affecting the growth of the market. Moreover, a growing development of advanced remediation technologies and continuous expansion of the oil & gas industry will create a strong demand for environmental remediation.

The Asia Pacific region holds the largest market share in the global environmental remediation market. Rising pollution levels in Asian countries will fuel the growth of the environmental remediation market in the region. Furthermore, rapid industrialization, high consumption of oil and gas, and growing adoption of government regulations for environment protection are driving the growth of the environmental remediation market in the Asia Pacific region.

Segment Covered

The report on global environmental remediation market covers segments such as environmental medium, technology, and application. On the basis of environmental medium, the sub-markets include soil, and groundwater. On the basis of technology, the sub-markets include air sparging, soil washing, chemical treatment, bioremediation, electrokinetic remediation, excavation, permeable reactive barriers, in situ grouting, phytoremediation, pump and treat, soil vapor extraction, in situ vitrification, thermal treatment, and others. On the basis of application, the sub-markets include mining and forestry, oil and gas, agriculture, automotive, landfills and waste disposal sites, manufacturing, industrial, and chemical production/processing, construction and land development, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as AECOM Technology, Golder Associates Corporation, Clean Harbors, Inc, DEME NV, Jacobs Engineering Group, Brisea Group, ENTACT, LLC, Terra Systems, HDR, Inc, and Other.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the environmental remediation market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.