Environmental Remediation Market Forecasts to 2028 – Global Analysis By Technology (Plum and Treat, In Situ Grouting, SEAR), Mediums (Groundwater, Soil), Application (Waste Disposal Sites, Oil and Gas) and By Geography
According to Stratistics MRC, the Global Environmental Remediation Market is accounted for $96.22 billion in 2020 and is expected to reach $217.01 billion by 2028 growing at a CAGR of 10.7% during the forecast period. Increasing government initiatives for environmental protection and rising awareness regarding effects of toxic waste are driving the market growth. However, high cost of excavation equipment is hampering the growth of the market.
Environmental remediation is a process used to remove chemicals, pollutants, or any type of contaminations from water and soil resources. It is essential to remove the toxic and waste material in order to protect human health as well as the environment. This process is also performed to restore the environment and thereby protecting human life by removal of toxic and waste substances. Environmental remediation technologies are mostly applied in cleaning wastewater, aerosols and solid waste caused due to the production of oil and gas.
Based on the technology, the bioremediation segment is going to have lucrative growth during the forecast period owing to the growing demand for this technology for both soil and groundwater remediation as it eliminates the use of toxic chemicals. Bioremediation is a biological remediation process that uses organisms to reduce or clean up contamination in soil and groundwater. Bioremediation often uses biochemicals and green plants to get rid of harmful chemicals making a cost-effective and safe technology. Therefore, this segment is going to have high demand in the market environmental remediation market.
By geography, North America is going to have high growth during the forecast period due to the several initiatives taken by the government. In North America country, U.S. Environmental Protection Agency (EPA) coordinates the cleanup of brownfields sites and remediation projects. High consumption of oil and gas, and adoption of government regulations for environment protection are driving the environmental remediation market in the region.
Some of the key players profiled in the Environmental Remediation Market include Graham Construction, Inc, Clean Harbors, Inc., Terra Systems, Environmental Remediation Resources Pty Ltd., GEO Inc., Dredging, Environmental and Marine Engineering NV (Deme Group), Brisea Group, Inc., Golder Associates Corporation, Dorton Group, Dredging International, Newterra Ltd, AECOM Technology, Jacobs Engineering Group and Weber Ambiental.
Estimated Market Size in 2020:
USD 96.22 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 217.01 billion
Tables, Graphs& Figures
Technology, Medium, Site Type, Application, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Plum and Treat
• Soil Washing
• Thermal Treatment and Thermal Desorption
• Electro-Kinetic Remediation
• In Situ Vitrification
• Air Sparging
• In Situ Grouting
• Surfactant Enhanced Aquifer Remediation (SEAR)
• Permeable Reactive Barriers
• Excavation or Dredging
• Soil Vapor Extraction
• Chemical Treatment
• In Situ Oxidation
• Surface Water
Site Types Covered:
• Landfills and Waste Disposal Sites
• Manufacturing, Industrial and Chemical Production/Processing
• Mining and Forestry
• Oil and Gas
• Construction and Land Development
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Environmental Remediation Market is majorly driven by rising awareness regarding effects of toxic waste, growing focus on development of environment-friendly industries and increasing government initiatives for environmental protection.
The oil & gas segment is growing at a highest CAGR because of the high demand for remediation solutions to clean volatile organic compounds in this industry.
Asia Pacific dominated with a significant market share due to the factors such as Increasing industrialization and urbanization, rise in consumption of oil and gas, growing population, and the adoption of government regulations for environment protection in developed and developing countries in the region.
North America market is growing at a highest CAGR due to the high consumption of oil and gas and several initiatives taken by the government.
Key players in Environmental Remediation Market include Graham Construction, Inc, Clean Harbors, Inc., Terra Systems, Environmental Remediation Resources Pty Ltd., GEO Inc., Dredging, Environmental and Marine Engineering NV (Deme Group), Brisea Group, Inc., Golder Associates Corporation, Dorton Group, Dredging International, Newterra Ltd, AECOM Technology, Jacobs Engineering Group and Weber Ambiental.
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.