The market report “Environmental Remediation Market by Technologies (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, Phytoremediation, Bioremediation, Excavation or Dredging, Soil Vapor Extraction, Chemical Treatment, In Situ Oxidation and Nanoremediation), Mediums (Surface Water, Groundwater, Soil and Sediment), Site Types (Private and Public), Applications (Landfills and Waste Disposal Sites, Agriculture, Manufacturing, Industrial and Chemical Production/Processing, Mining and Forestry, Oil and Gas, Automotive and Construction and Land Development), Sales Channels (Distributor and Direct Sales), and Region – Forecast to 2028”. The environmental remediation market is growing at a CAGR of 10.7% by 2028, owing to the rising awareness regarding effects of toxic waste.
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Based on medium, the groundwater segment is estimated to grow at highest CAGR segment during the study period.On the basis of medium, the market is categorized into surface water, groundwater, soil and sediment. The groundwater segment is estimated to be the fastest growing market segment strongly driven by the presence of contaminated groundwater due to dumping of organic, chemical, and toxic waste is affecting underground water storages.
Based on application, the oil and gas segment is anticipated to grow faster during the forecast period.On the basis of application, the market is segmented into landfills and waste disposal sites, agriculture, manufacturing, industrial and chemical production/processing, mining and forestry, oil and gas, automotive and construction and land development. The oil and gas segment is projected to grow faster during the forecast period due to the high demand for remediation solutions to clean volatile organic compounds and pollution is mixed with different stages of oil and gas production in the oil & gas industry.
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By geography, Asia Pacific is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is experiencing a dominant position in the environmental remediation market. This is mainly attributed to increasing industrialization and urbanization, rise in consumption of oil and gas, growing population, and the adoption of government regulations for environmental preservation in developed and developing countries in the region.
The key players in this market are 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.
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