The global environmental remediation market was valued USD 96.2 billion in 2020 and is expected to reach USD 187 billion by 2028, expanding at a CAGR of 8.7% during the forecast period, 2021-2028. 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.
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.
Attributes | Details |
Report Title | Global Environmental Remediation Market - Industry Analysis, Size, Share, Growth, Trends And Forecast |
Base Year | 2020 |
Historic Data | 2018 & 2019 |
Forecast Period | 2021–2028 |
Segmentation | 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) |
Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report | 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. |
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.
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.
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.
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 Covered in the Report:
By Environmental Medium
By Technology
By Applications
By Regions
By Key Players
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.
Segments Covered in the Report:
By Environmental Medium
By Technology
By Applications
By Regions
By Key Players
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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