The global environmental remediation market was valued USD 113.67 Billion in 2022 and is expected to reach USD 240.83 Billion by 2031, expanding at a CAGR of 8.7% during the forecast period, 2023-2031.
The process of removing pollutants or pollution from different environmental media such as soil, groundwater, sediments, and surface water is known as environmental remediation. To preserve human health as well as the environment, it is critical to eliminate hazardous and waste materials. Water and soil remediation are the two types of environmental remediation.
Groundwater and surface water are included in water remediation, whereas topsoil, subsoil, and sediment are included in soil remediation. Remediation technology includes both ex-situ and in situ approaches. These methods can be used to clean wastewater, aerosols, and solid waste generated during oil & gas extraction. The environmental remediation industry has grown in response to rising demand for safety requirements linked to groundwater and soil.
Environmental Remediation Market Trends, Drivers, Restraints, and Opportunities
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Stringent environmental laws in emerging economies is estimated to drive the market growth.
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Growing pollution level is expected to fuel the growth of the market.
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Rapid industrialization is one of the major drivers of the growth of the market.
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The adoption of environmental protection regulation and high cost of heavy equipment can positively influence the market.
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Development of advanced remediation technologies such as nanoremediation is expected to create opportunities for the market.
Scope of Environmental Remediation Market Report
The report on the global environmental remediation market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Global Environmental Remediation Market - Industry Analysis, Size, Share, Growth, Trends And Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Segmentation
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Environmental Medium (Soil, Surface Water, Groundwater, and Sediment), 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), Applications (Mining and Forestry, Automotive, Oil and Gas, Agriculture, Manufacturing, Industrial, and Chemical Processing, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Black & Veatch Holding Company, Hull's Environmental Services, EnviroServe, Ambleside Environmental, ERS, Inc., McMahon Services, Cascade Environmental, RSB ENVIRONMENTAL, SCG Industries, and Care Environmental Remediation Services, Inc.
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Environmental Remediation Market Segment Insights
Groundwater segment expected to grow significantly
Based on the environmental medium, the market can be segmented into soil, surface water, groundwater, and sediment.
The groundwater segment is projected to increase significantly during the forecast period. Contaminated ground water caused by the discharge of organic, chemical, and toxic waste has an impact on subterranean water storage.
Bioremediation segment is expected to lead the market
On the basis of technology, the global environmental remediation market can be divided into 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.
The bioremediation segment is projected to dominate the market during the forecast period. Bioremediation is a biological remediation method that involves the use of organisms to decrease or remove pollution from soil and groundwater. It uses biochemical and green plants instead of harmful chemicals, making it a cost-effective and safe technique.
Oil & gas segment dominates the global market
In terms of applications, the global environmental remediation market can be segregated into mining and forestry, automotive, oil & gas, agriculture, manufacturing, industrial, chemical processing, and others.
The oil & gas segment is anticipated to expand at a substantial CAGR during the forecast period. Pollution is linked to many stages of oil & gas production, such as wastewater, gas emissions, solid waste, and aerosols produced during production and refining, as well as spills of oil and petroleum products during transportation. In the oil and gas business, remediation methods are employed to eliminate pollutants including methane, propane, sulphur dioxide, and volatile organic compounds.
Asia Pacific expected to dominate the global market
Based on regions the market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The environmental remediation market in Asia Pacific is predicted to expand at a rapid pace during the forecast period Environmental cleanup is being driven by the growing population, industrialization, increasing oil & gas use, and adoption of government legislation for environmental protection in countries in Asia Pacific.
Segments
By Environmental Medium
- Soil
- Groundwater
- Surface water
- Sediments
By 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
- Others
By Applications
- Mining and Forestry
- Automotive
- Oil & Gas
- Agriculture
- Manufacturing
- Industrial
- Chemical Processing
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Black & Veatch Holding Company
- Hull's Environmental Services
- EnviroServe
- Ambleside Environmental
- ERS, Inc.
- McMahon Services
- Cascade Environmental
- RSB ENVIRONMENTAL
- SCG Industries
- Care Environmental Remediation Services, Inc.
Competitive Landscape
Key players in the global environmental remediation market include Black & Veatch Holding Company, Hull's Environmental Services, EnviroServe, Ambleside Environmental, ERS, Inc., McMahon Services, Cascade Environmental, RSB ENVIRONMENTAL, SCG Industries, and Care Environmental Remediation Services, Inc.
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