Environmental Remediation Market by Type (Soil and Water), Technology (Soil Washing, Chemical Treatment, Bioremediation, Excavation, Pump and Treat, Soil Vapor Extraction, and Others), Application (Mining, Oil & Gas, Agriculture, Landfill and Waste Disposal Site, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 107 billion mark in 2022 and is expected to hit US$ 205 billion by 2030, recording a CAGR of 8.5% during the forecast period.
Environmental remediation market has been significantly growing with the increasing government initiatives for the protection of environment
The growing environmental pollution make adverse impact on humans, animals, and the ecosystem. Pollution can lead to various diseases among humans such as jaundice, typhoid, and diarrhoea. Hence, the governments of many countries have started enacting various environmental protection policies and regulations to protect the environment from the adverse effects of pollution. This has resulted in increasing adoption of environmental remediation technologies. The oil & gas segment is expected to pace up with the growing use of environmental remediation technologies in oil & gas industry. Further, other segments such as mining, agriculture, and landfill are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, technology, application, and geography. By type, the market is further segmented into soil and water. On the basis of technology, the market is segmented into soil washing, chemical treatment, bioremediation, excavation, pump and treat, soil vapor extraction, and others. On the basis of application, the market is segmented into, mining, oil & gas, agriculture, landfill and waste disposal site, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Strong growth of the market in Asia Pacific
The strong growth of the environmental remediation market in Asia Pacific region is due to the increasing pollution levels in various countries across the region. Soil contamination poses a lot of risks and hazards to human and ecological health through direct contact, ingestion, or introduction in the food supply chain. Hence, the soil rehabilitation is done in many places in the region such as urban environments, mining heaps, opencast coal mines, and peatlands. In addition, the factors such as growing population, industrialization, and various government regulations for environment protection are driving the environmental remediation market growth in the region.
High demand for bioremediation technology
There is a high demand for bioremediation technology for both soil and groundwater remediation. Bioremediation technology make use of microorganisms to remove pollutants from the soil or water. Different microorganisms are used to remove contaminants and are usually uniquely suited for certain types of chemicals. Bioremediation is in common use for oil spills, as microorganisms are highly effective in breaking down many of the chemicals found in oil.
Recent strategic developments in environmental remediation market
The environmental remediation market has undergone several significant developments, and a few of these have been mentioned below:
- In 2020, AECOM announced that it is partnering with Bergen County Utilities Authority (BCUA) and Columbia University to monitor COVID-19 ribonucleic acid (RNA) in wastewater in the BCUA sewer shed.
The environmental remediation market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Clean Harbors, Inc.; AECOM Technology; DEME NV; Jacobs Engineering Group; and Brisea Group are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Environmental remediation related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Applications of environmental remediation
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type
- Soil
- Water
- Technology
- Soil Washing
- Chemical Treatment
- Bioremediation
- Excavation
- Pump and Treat
- Soil Vapor Extraction
- Others
- Application
- Mining
- Oil & Gas
- Agriculture
- Landfill and Waste Disposal Site
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Clean Harbors, Inc.
- AECOM Technology
- DEME NV
- Jacobs Engineering Group
- Brisea Group
The List of Companies
- Clean Harbors, Inc.
- AECOM Technology
- DEME NV
- Jacobs Engineering Group
- Brisea Group