The environmental remediation market is expected to reach USD 123.13 Billion by 2022, at a CAGR of 7.62% between 2016 and 2022. The base year used for this study is 2015 and the forecast period is considered for the period between 2016 and 2022. The oil and gas and mining and forestry applications are becoming popular because of the high demand for remediation services for removing contaminants from soil and groundwater. Environmental remediation is an environment service technology which focuses on the definitive goal of providing large-scale remediation technology at a low cost for environmental protection and pollution control.
Environmental remediation technologies are used to clean wastewater, gas emissions, solid waste, and aerosols generated during production or refining, and spillage of oil or petroleum products during transportation. In the mining and forestry application, there is a growing demand for environmental remediation technology to remove the contamination from soil, groundwater, and surface water caused by chemicals produced from mining processes. This is likely to boost the demand for the environmental remediation technology in these applications.
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The players in the construction and land development industry focus on the environmental assessment and remediation services for ecological solutions for their land development requirements, thus driving the demand for the environmental remediation technology in this application.
Soil vapor extraction and pump and treat technologies are expected to experience high growth during the forecast period. In the remediation technology, the soil vapor extraction method for soil and pump and treat for groundwater is used for removing volatile organic compounds and toxins. Also, bioremediation technology is used to remove contaminants from soil and groundwater by using natural plants. Thus, the demand for these technologies is expected to drive the environmental remediation market in the future.
- Government Agencies
- Environmental remediation technology providers
- Chemical solution providers
- Research organizations
- Technology standards organizations, forums, alliances, and associations
- Technology investors
- Governments, financial institutions, and investment communities
- End users
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The key players in the ecosystem of the environmental remediation market profiled in this report are Clean Harbors, Inc. (U.S.), Golder Associates Corporation (Canada), Brisea Group, Inc. (U.S.), Entact LLC (U.S.), Dredging, Environmental and Marine Engineering NV (Belgium), Terra Systems, Inc. (U.S.), Environmental Remediation Resources Pty Ltd. (Australia), GEO Inc. (U.S.), newterra Ltd. (Canada), and Weber Ambiental (Mexico).
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