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2022
Environmental Remediation Market

Environmental Remediation Market by Site Type (Public, Private, and Others), Medium (Soil and Groundwater), Technology (Air Sparging, Soil Washing, Chemical Treatment, Bioremediation, Electrokinetic Remediation, Excavation, and Permeable Reactive Barriers), and Application (Mining and Forestry, Oil & Gas, Agriculture, Automotive, Landfills and Waste Disposal Sites, Manufacturing, Industrial, and Chemical Production/Processing, Construction and Land Development, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jul 2022 | 166 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Environment remediation is the process of removal of contaminants or pollution from various environmental media such as soil, groundwater, sediments, and surface water. It is essential to remove the toxic and waste material in order to protect human health as well as the environment. Environment remediation is classified into water and soil remediation. The water remediation comprises of both groundwater and surface water while soil remediation consists of topsoil, subsoil, and sediment. It comprises of ex-situ and in-situ methods as a remediation technology. These technologies have applications in cleaning wastewater, aerosols, and solid waste caused due to the production of oil and gas.

Increase in demand for safety standards related to groundwater and soil has led to the growth of the environmental remediation market. However, high cost of environmental remediation equipment for excavation process is a factor that may hamper growth of the global environmental remediation market. In addition, slow implementation of environmental regulations and policies is a challenging factor that may affect the growth of the global environmental remediation market.

Market Scope and Structure Analysis

 

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Site Type, Medium, Technology, Application, and Region

  Companies Covered

Clean Harbors, Inc., Dredging, Environmental and Marine Engineering NV (Deme Group), Golder Associates Corporation, Brisea Group, Inc., Entact LLC, Terra Systems, Inc., Environmental Remediation Resources Pty Ltd., GEO Inc., Newterra Ltd., and Weber Ambiental

 

COVID-19 Impact Analysis 

  • The unfavorable global effects of COVID-19 are already evident and it has had a big impact on the environmental remediation in 2020.
  • The World Health Organization (WHO) has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread in over 100 nations and resulted in massive deaths across the world. Exports & imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the environmental remediation to a great extent as consumers’ consumption and demand patterns are changing amidst the pandemic. 

Top Impacting Factors

The growth in government policies for protection of the environment is a major factor that drives the growth of the global environmental remediation market. The rise in awareness regarding effects of toxic waste on ecology and human life among individuals and increase in initiatives for local ecology protection are also factors that increase the demand for environmental remediation. Increase in number of environment-friendly industries is another factor that fuels growth of the global environmental remediation market. Furthermore, the surge in industrial and manufacturing sectors in emerging economies as well as requirement of clean water and air with growing population are factors expected to boost the growth of the global environmental remediation market in coming years.

Market Trends

  • Increase in Government Initiatives for Environmental Protection is a Key Driver Environmental Remediation Market
  • The increase in environmental pollution affects humans, animals, and the ecosystem. Pollution can lead to various diseases among humans, including jaundice, typhoid, diarrhea, hormonal disruptions, and even cancer; whereas acid rain destroys trees and plants, harms animals, and also destroys crucial layers of the ecosystem. To protect the environment from the adverse effects of pollution, governments of many countries have started enacting various environmental protection and restoration policies and legislations, which resulted in the rise in adoption of environmental remediation technologies globally.
  • Development of Advanced Remediation Technologies is A Major Boost for Market Growth
  • The nano-remediation technology, which uses nanoparticles for remediation, also facilitates the environmental pollution detection and remediation processes. Nano-materials with analytical techniques are used to develop inexpensive, easy-to-use, and miniaturized devices for the detection of a variety of environmental contaminants. They also have a strong potential for use in technologies for the treatment of contaminated water, soil, and sediment.
  • Increase in Oil and Gas Excavation Activities Resulted in Growth of Environmental Remediation Market
  • The oil & gas application is expected to continue to account for the largest size of the environmental remediation market, because of the high demand for remediation solutions to clean volatile organic compounds in this industry. Pollution is associated with different stages of oil and gas production, including wastewater, gas emission, solid waste, and aerosols generated during production, and refining, as well as during transportation, when spillage of oil and petroleum products make take place. Remediation technologies are used in the oil & gas industry to remove contaminants such as methane, propane, sulfur dioxide, volatile organic compounds, and other toxins.
     

Key Benefits of Report

This study presents the analytical depiction of the environmental remediation industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the environmental remediation share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the environmental remediation growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed environmental remediation analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Environmental Remediation Report

  • Who are the leading market players active in the environmental remediation market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
By Site-Type
  • Public
  • Private
  • Others
By Medium
  • Soil
  • Groundwater
By Technology
  • Air Sparging
  • Soil Washing
  • Chemical Treatment
  • Bioremediation
  • Electrokinetic Remediation
  • Excavation
  • Permeable Reactive Barriers
By Application
  • Mining and Forestry
  • Oil & Gas
  • Agriculture
  • Automotive
  • Landfills and Waste Disposal Sites
  • Manufacturing, Industrial, and Chemical Production/Processing
  • Construction and Land Development
  • Others
By REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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