Environmental Remediation Market Size, Share, Growth Report 2030

Market Overview     

The global Environmental Remediation market accounted for USD 92.4 Billion in 2020 and is expected to reach USD 161.2 Billion by 2028, growing at a CAGR of around 7.4 % between 2021 and 2028.    

Environmental remediation is a restoration of environmental media such as soil, groundwater, sediment, or surface water, which is contaminated by pollutants, and is impacting negative ill effects on its surrounding biological life.  

The players in the industry are focusing aggressively on innovation, as well as on including advanced remediation technologies. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the Environmental Remediation market study.

COVID-19 Impact Analysis:

The restrictions imposed by various nations to contain COVID had stopped the demand and supply resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year.  The significant decrease in the global Environmental Remediation market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Growth Factors

The major boosters of the environmental remediation market are increasing pollution, rising demand for environmental protection, requirement for different applications such as gas & oil, automotive, and forestry & mining, and stringent government regulations. The employment of the environmental remediation tech for removing contaminants from groundwater and soil environmental mediums has elevated the scope of environmental remediation market for various applications.

In addition to this, fast industrialization in developing nations is enforcing to power the growth of environmental remediation market. On the other hand, high investment price of heavy tools for excavation is hampering the development of the worldwide environmental remediation market. Nevertheless, technological enhancements in environmental remediation methods will be likely to power the development of environmental remediation market over the forecast period all over the world. Various initiatives undertaken by market players is also claimed to bolster the development of environmental remediation market. For example, in August 2018, Hanford Site employees added an important element to a training plant to ultimately assist remove radioactive soil underneath an ex-chemical laboratory, boosting the environmental remediation market.

Report Scope:  

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Segment Analysis Preview  

Environmental remediation market is divided into application, environmental medium, and region. Environmental medium is bifurcated into ground water and soil. The requirement for environmental remediation tech has elevated due to its different features and employment in gas & oil and forestry & mining applications so as to eliminate pollutants & toxins from the environment, boosting the environmental remediation market. Different techs such as pump and treat, bioremediation, and soil vapor extraction are broadly employed to offer remediation services for polluted soil and groundwater. Refining oil can be resold, which generate more income from the waste resources, driving the environmental remediation market. These factors are set to foster the overall development of the environmental remediation market in the gas & oil application.

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Key Market Players & Competitive Landscape

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global air quality control system market are GEO Inc., Environmental Remediation Resources Pty Ltd., Golder Associates Corporation, Clean Harbors, Inc., Entact LLC, Brisea Group, Inc., Environmental and Marine Engineering NV (Belgium), Dredging, newterra Ltd., Terra Systems, Inc., and Weber Ambiental.

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 The global Environmental Remediation Market is segmented as follows:

By Environmental Medium

• Soil
• Groundwater

By Applications  

• Mining and Forestry
• Oil and Gas
• Agriculture
• Automotive
• Industrial
• Chemical Production/Processing
• Construction and Land Development
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa